RTS NetWorks Group PLC
30 November 2001
RTS NETWORKS GROUP PLC ('RTS Networks' or 'the Company')
Robotic Technology Systems PLC
Following the passing of the resolutions put to the extraordinary general
meeting held on 26 November 2001, the Company has exercised its option under
the Robotic Technology Systems PLC ('RTS PLC') facility letter dated 17
October 2001, and has compulsorily converted the £160,000 facility into
3,200,000 RTS Networks ordinary shares of 1p each; such new shares having been
issued and allotted to RTS PLC.
Following the issue and allotment of the RTS Networks shares referred to
above, RTS Networks has been formally notified by RTS PLC that the RTS PLC
group is interested in 26,682,341 RTS Networks ordinary shares, representing
22.9 per cent. of the issued share capital. The notice continues by stating
that the 26,682,341 RTS Networks ordinary shares are beneficially owned as
follows:
RTS PLC 3,200,000
Robotic Technology Systems Holdings Limited ('Holdings') 21,867,791
Oy Robotic Technology Systems Finland Limited ('Finland') 1,614,550
and that the shares held by RTS PLC and Holdings are or will be registered in
the name of RTS PLC and those held by Finland are registered in its own name.
Placing
Further to the placing of new shares announced on 18 October 2001, the Company
has today issued and allotted the final tranche of 197,000 new ordinary shares
of 1p each to subscribers under that placing.
Application will be made for the 3,397,000 ordinary shares described above to
be admitted to trading on AIM and it is expected that dealings will commence
on 6 December 2001.
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