SDKK Secure Design

    RNS Number : 1426F
  Secure Design KK
  06 October 2008
   

    FOR IMMEDIATE RELEASE    
    6 October 2008


    Secure Design KK
    Issue of equity

    Secure Design KK ("Secure Design" or the "Company") the Japanese developer of biometrics fingerprint authentication technology,
announces that it has decided to raise a further JPY 19,999,980 (approximately �106,397) by way of the issue of 714,285 new ordinary shares
(the "New Shares") at a price of JPY 28 per share (approximately 14.875p per share) (the "Subscription"), to provide additional working
capital for the Company. The Public Notice to shareholders has been released today and admission to trading on AIM is expected to be on 10
October 2008.
    Taketoshi Kashiwabara, the Chairman of Secure Design, is subscribing for 714,285 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 31,609,285 ordinary shares being 65.5 per cent of the
total issued ordinary share capital of the Company.  

    Upon admission the total number of ordinary shares in issue will be 48,291,511.

    Exchange Rate Used 1GBP:188.14 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)

    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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