Issue of Equity
12 März 2008 - 10:05AM
UK Regulatory
RNS Number:9029P
Secure Design KK
12 March 2008
FOR IMMEDIATE RELEASE 12 March 2008
Secure Design KK
Issue of equity
Following the announcement by Secure Design KK on 19 February ("Secure Design"
or the "Company") of a planned Subscription, for a total of approximately 80
million yen (approximately �0.38m) by the issue of 4 million new ordinary shares
at a price of 20 yen per share the Company announces that to date only JPY 30
million (�0.15m) or 1.5 million shares has been subscribed for by Taketoshi
Kashiwabara, Chairman of Secure Design.
Taketoshi Kashiwabara, believes a technical procedural delay has prevented the
other proposed investor subscribing for 2.5 million of the 4 million new
ordinary shares. The Company expects the delay to be short and to update
shareholders as to the full subscription shortly.
The Admission of the 1.5million new ordinary shares is expected to be on 18
March 2008.
Following admission Mr Kashiwabara will have a beneficial interest in 27,770,000
ordinary shares being 67.8 per cent of the total issued ordinary share capital
of the Company.
Upon admission the total number of ordinary shares in issue will be 40,952,226.
For further information, please contact:
Secure Design KK
Taketoshi Kashiwabara Japan +81-3-5652 -0321
(Chairman)
Masahiro Nishikawa Japan +81-3-5652-0321
(Executive Vice President, Business Planning)
Toshiya Kurita Japan +81-3-5652-0321
(Chief Financial Controller)
Shinil Cho United Kingdom +44 (0) 7738 842 662
(Chief Information Officer) Japan +81-3-5652-0321
United States +1-412-367-7063
Charles Stanley Securities +44 (0) 20 7149 6000
Nominated Adviser
Russell Cook / Freddy Crossley
Cubitt Consulting +44 (0) 20 7367 5100
Brian Coleman-Smith / James Verstringhe/ Nicola Krafft
This information is provided by RNS
The company news service from the London Stock Exchange
END
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