SDKK Secure Design

    RNS Number : 8257X
  Secure Design KK
  30 June 2008
   

    FOR IMMEDIATE RELEASE 
    30 June 2008

    Secure Design KK

    Issue of equity
    6,625,000 new ordinary shares at JPY 16 (7.5p) per share

    Further to the announcement on 12 June, 2008, Secure Design KK ("Secure Design" or the "Company") the Japanese developer of biometrics
fingerprint authentication technology, announces that it has raised JPY 106 million (�500,000) through the issue of 6,625,000 new ordinary
shares at JPY 16 (7.5p) per share and plans to raise a further JPY 44 million (�207,547) million in August this year.

Taketoshi Kashiwabara, the Chairman and Chief Executive of Secure Design, is subscribing for  3,125,000 new ordinary shares and as such is
under Rule 13 of the AIM Rules a related party transaction. The Directors, with the exception of Mr Kashiwabara, consider, having consulted
with its nominated adviser Charles Stanley Securities, that the terms of the transaction are fair and reasonable insofar as its shareholders
are concerned. 
    Following approval and admission Mr Kashiwabara will have a beneficial interest in 30,895,000 ordinary shares being 64.9 per cent of the
total issued ordinary share capital of the Company.  

    Upon admission the total number of ordinary shares in issue will be 47,577,226
    Exchange Rate Used 1GBP:212 JPY

    For further information, please contact:

Secure Design KK
Taketoshi Kashiwabara                                              Japan          +81-3-5652 -0321
(Chairman)
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


    Background Note on Secure Design
    On 14 July 2006, Secure Design was the first Japanese company to be admitted to trading on AIM. It offers fingerprint authentication
products to companies and individuals that wish to establish high levels of security using biometrics. Biometrics uses a physical attribute
of the body, such as a fingerprint to identify and verify the individual with the aim of making individual authentication efficient and
secure.
    The Company offers a range of fingerprint authentication products and systems, from an integrated system to a mobile device. The Company
designs and outsources the production of these products and can tailor them to individual client specific needs and applications.
    Biometric applications provide convenient and reliable security which reduces the cost associated with the failure of conventional
authentication methods. The principal factor which distinguishes biometrics from conventional password based authentication is the enhanced
security level it provides while maintaining the privacy of individual users.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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