Sarantel Group PLC
18 May 2007
18 May 2007
Sarantel Group PLC
('Sarantel' or the 'Company')
Update on funding
The Board of Sarantel is pleased to announce that further to its announcement of
3 May that it is seeking further funds, its principal shareholders, Foresight
Venture Partners and MTI Partners, have confirmed their support. Discussions are
progressing on an equity fundraising to meet ongoing working capital needs.
A further announcement will be made in due course.
For further information please contact:
Sarantel Group PLC
Geoff Shingles, Chairman Tel: 01933 670 560
David Wither, Chief Executive
College Hill
Carl Franklin / Ben Way Tel: 020 7457 2020
Ambrian Partners
Tim Goodman Tel: 020 7776 6421
About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for
portable wireless applications including hand-held navigation, satellite radio
and laptop computers.
Sarantel's revolutionary ceramic filtering antennas offer dramatically improved
performance over existing antenna designs, resulting in a clearer signal, better
range and a 90 per cent reduction in the amount of signal radiation absorbed by
the body.
Because of their smaller size and higher capabilities, Sarantel's antennas
enable manufacturers to create innovative high-volume consumer products
incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio
and Bluetooth.
More information about the company is available at www.sarantel.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.