Netcentric Systems PLC
13 March 2006
Netcentric Systems plc (the 'Company')
13 March 2006
Notifiable Interest
Netcentric Systems plc have been informed today that, on Friday 10 March 2006,
Howard Crosby purchased 41,780,632 ordinary shares in the Company at a price of
£0.00146 per ordinary share, representing 29.899 per cent. of the Company's
current issued share capital. Following this purchase, Howard Crosby holds
41,780,632 ordinary shares in the Company, representing 29.899 per cent. of the
Company's issued share capital of 139,734,602 ordinary shares of 0.5p each.
Mr. Crosby, 53, has over 30 years in the investment banking industry and has
founded and managed over 15 publicly traded companies. His emphasis is on the
mining and natural resources sector. Early in his career he was the Vice
President of UNC Nuclear Industries, a division of United Nuclear Corporation,
which at the time was extensively involved in uranium exploration and production
in the western United States. Currently he is also the Vice Chairman and
director of Cadence Resources Corporation having previously been the President
of Cadence. Mr. Crosby was one of the original founders of Cadence resources
and has been instrumental in growing the market capitalization of Cadence from
under 1 million dollars to over 450 million dollars. Cadence is currently
listed on the NASDAQ exchange. Mr. Crosby is also a director of White Mountain
Titanium as well as a director of High Plains Uranium. Both companies are
listed on the public exchanges in North America. Mr. Crosby is also a director
and driving force behind Platinum Diversified Mining Plc. Platinum Diversified
Mining Plc. is a Special Purpose Acquisition Company (SPAC) that was recently
funded and floated on the AIM market in London for $75,000,000. Platinum will
be making acquisitions in the mining and natural resources sectors throughout
the world.
For further information please contact:
Netcentric
G.M. Thompson, Director 07967 110 945
This information is provided by RNS
The company news service from the London Stock Exchange
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