Additional Listing
Knowledge Technology Solutions PLC
04 April 2008
Knowledge Technology Solutions plc ('KTS', 'the Company')
Result of Placing
Knowledge Technology Solutions plc, a provider of professional market
information services in the finance sector, is pleased to announce that it has
completed a placing of 247,800,000 new ordinary shares ('Placing Shares') of 0.1
pence each at a price of 0.5 pence per share to raise approximately £1,170,000
net of expenses ('the Placing').
The proceeds of the Placing will be used to increase sales and marketing
resources and related expenditure, to support further product development as
well as to provide the working capital necessary to support the implementation
and delivery of larger contracts that tend to be of a longer duration.
The placing has been performed under existing share authorities agreed at the
EGM held on 22 October 2007. KTS Directors Richard Last, Louise Barton (and her
husband, Mr. Brian D. Newman) and Andrew Miller have participated in the Placing
and have purchased 20,000,000, 11,700,000, 4,000,000 new ordinary shares,
respectively.
Following Admission of the 247,800,000 new ordinary shares, which will rank pari
passu in all respects with the existing ordinary shares of the Group, KTS's
total issued and voting share capital will comprise of 736,442,943 ordinary
shares and Directors participating in the Placing will have the following
interests in the Company:
No of Shares % of total Share Capital
Louise Barton (and her husband, Mr. Brian D. Newman) 41,297,000 5.61%
Richard Last 25,100,000 3.41%
Andrew Miller 21,777,000 2.96%
Application for the new ordinary shares to be admitted to trading on AIM has
been made. Admission of the new ordinary shares is expected on 8 April 2008.
As stated in the interim statement published on 31 March the Board is planning
to change the name of the company to Arcontech Plc at the AGM in December 2008
and expects the company to trade profitably in 2008/09.
Andrew Miller CEO of KTS said:
'Arcontech has a growing, robust order book with strong demand for both our
traditional middleware software products and our new CFD and Spread Betting
on-line trading software system.'
Enquiries:
Arcontech/KTS
Richard Last, Non-executive Chairman Tel: + 44 (0) 1608 683 108
Andrew Miller, Chief Executive Officer Tel: + 44 (0) 207 256 2300
Kelso Consulting (PR advisers to Arcontech)
Tim Prizeman/Angelina Hunt Tel: + 44 (0) 207 242 2272
Blue Oar Securities Plc
Mike Coe / Marc Davies Tel: + 44 (0) 117 933 0020
Notes for Editors
Knowledge Technology Solutions PLC is a leading provider of real-time market
data solutions. KTS has been established in London's financial district, the
City, since 1999 and is a public company listed on AIM, a market operated by the
London Stock Exchange (ticker symbol: KTS). In 2007, KTS acquired Arcontech
Ltd., a specialist in real-time market data distribution and trading systems as
part of its strategic initiative to provide enterprise level systems for the
financial markets.
The Board is planning to change the name of the company to Arcontech Plc at the
AGM in December 2008.
For more information please visit www.arcontech.com and www.ktsplc.com
This information is provided by RNS
The company news service from the London Stock Exchange