Block listing application

RNS Number : 3066T

Lo-Q PLC

12 December 2012

 



12 December 2012

Lo-Q plc

("Lo-Q" or the "Company")

Block Listing Application

The Company announces that application has been made to the AIM Market of the London Stock Exchange plc for the block admission of up to 1,019,944 ordinary shares of 1 penny each ("Ordinary Shares"). These Ordinary Shares will be available to be issued to satisfy the exercise of options under the terms of the Lo-Q plc EMI Share Option Scheme, Lo-Q plc 2011 Share Option Scheme for Directors and Employees of Lo-Q Inc, Lo-Q plc Stock Option Scheme for Lo-Q Service Canada Inc Employees or the Lo- Q plc Unapproved Share Option Scheme ("Share Option Plans") to certain existing employees of the Group.

All Ordinary Shares issued pursuant to the exercise of options under the Share Option Plans will rank pari passu with the existing Ordinary Shares. It is expected that the block admission will become effective on 14 December 2012.

For further information, please contact:

Lo-Q plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting	[phone]
Matt Dixon, Clare Thomas, James Melville-Ross, Jessica Liebmann
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan, Kit Stephenson

About Lo-Q

Lo-Q is the creator of a virtual queuing system for theme parks, water parks and other leisure attractions that allows users to queue without waiting in line. Lo-Q users reserve their place in a queue electronically and are notified when their turn is up, spending less time queuing and more time enjoying their day out.

Lo-Q's system has been adopted by leading theme park and attraction operators globally, with customers including Parques Reunidos, Six Flags, Dollywood, Merlin Entertainments and Compagnie des Alpes. These operators benefit not only from happier customers but also from additional revenue streams as time previously spent queuing is instead transformed into higher spending in park restaurants, gift shops and other retail facilities. By the end of 2011, more than eight million individuals had used a Lo-Q product and that number is growing.

The Company's technology is protected by extensive patents or patents pending in Europe, USA, Hong Kong and Japan. The target market for this technology is large and growing, with Lo-Q currently exploring opportunities for expansion into new theme parks and new geographies as well as opportunities to develop new product for other complementary adjacent markets.

Products include:

Q-bot

Guests reserve a ride on their hand-held Q-bot device, allowing them to enjoy the rest of the park whilst the Q-bot virtually queues for them. When it's time to ride, the Q-bot lets them know and they head straight on to their reserved ride.

Q-smart

Q-smart puts our virtual queuing technology straight onto a smart phone. With attraction information, offers and the mobile payment & ticketing features of Q-pay, park guests can reserve, pay for and manage their rides.

Q-band

Q-band is the world's first virtual queuing solution for water parks. Using a waterproof RFID wristband, customers reserve their favourite slide at a touchscreen kiosk. The Q-band displays their wait time and once it has counted down to zero, it's time to ride and the guest heads straight onto their reserved slide. The product can also incorporate cashless payment and access control features.

Q-pay

Q-pay is our mobile payment and ticketing solution that's easily integrated into our line-up of Lo-Q products as well as attraction's existing systems.

Lo-Q is listed on the Alternative Investment Market ("AIM") under the ticker "LOQ". For further information please visit www.lo-q.com.

Ends

 

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