Replacement Announcement: Issue of Equity
04 November 2010 - 12:40PM
UK Regulatory
TIDMTQC
RNS Number : 6284V
Third Quad Capital PLC
04 November 2010
Third Quad Capital Plc
('TQC' or 'the Company')
REPLACEMENT ANNOUNCEMENT: PLACING
The Placing announcement released on 4 November 2010 at 07.00 under RNS No.
5846V has been amended as follows:
the total number of new ordinary shares placed is 36,000,000 not
34,000,000
the total issued share capital of the company is now 576,153,145 not
574,153,145
percentages in the announcement have been updated to reflect the changes
above
The full amended text is shown below:
PLACING
Third Quad Capital Plc, the AIM listed UK based group with a software division
and an FSA authorised and regulated securities division, is pleased to announce
that it has successfully raised GBP180,000 before expenses by way of a placing
of 36,000,000 new ordinary shares of 0.01p each in the capital of the Company
("new Ordinary Shares") at 0.5 pence ("Placing Price") per new Ordinary Share
(the "Placing"). The Placing was undertaken with institutional investors. The
net proceeds of the Placing will be used for working capital purposes, and there
is a natural benefit to VSA Capital to have its clients as shareholders of Third
Quad Capital Plc. The 36,000,000 new Ordinary Shares to be issued pursuant to
the Placing will rank pari passu in all respects with the existing issued
ordinary share capital of the Company. Application has been made for the new
Ordinary Shares to be admitted for trading on AIM and trading is expected to
commence on 9 November 2010.
UPDATE
The Company is pleased to announce that the software division has completed the
first stages of integration with all of the division's sales and marketing staff
and warehousing facilities relocated into Softline's existing premises.
As a result the company can announce that terms have been agreed for the letting
of Innovation House, which was previously the group's Head Office and principal
place of business, for 3 years from 12th November 2010. It remains the group's
intention to find a buyer for this property and marketing has commenced through
agents.
The last quarter of the calendar year is the most important for our software
division and a further update will be provided in the New Year. Our securities
division has recruited some talented individuals and now needs to ensure that
the interesting deals that we are seeing are completed which, although there is
confidence, can never be guaranteed. A healthy cash position is always useful
for any securities operation.
HOLDINGS ON COMPLETION OF THE PLACING
Set out below are the interests of the Directors in the Company's issued share
capital following completion of the Placing:
+----------------+-------------+----------------+-----------------+
| Director | Aggregate | Aggregate | Percentage of |
| | interests | interests | the enlarged |
| | prior to | following | issued share |
| | completion | completion of | capital |
| | of the | the Placing | |
| | Placing | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| Lyndon Chapman | 5,000,000 | 5,000,000 | 0.87 |
| (Non Executive | | | |
| Chairman) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| Andrew Monk | 83,000,000 | 83,000,000 | 14.41 |
| (CEO) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| John McCartney | 50,000,000 | 50,000,000 | 8.68 |
| (Director) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| Peter Joy | 10,000,000 | 10,000,000 | 1.74 |
| (Finance | | | |
| Director) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
TOTAL VOTING RIGHTS
Following the Placing, the issued share capital of the Company will increase by
6.66 per cent. to 576,153,145 Ordinary Shares of 0.01p each. This figure may be
used by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Disclosure and
Transparency Rules (as applied to the Company by AIM Rule 17).
For further information, please contact
Third Quad Capital plc
Andrew Monk, CEO
0207 096 9580
Shore Capital and Corporate Limited
Andrew Raca or Toby Gibbs
020 7408 4090
Rivington Street. Corporate Finance
Jon Levinson 020 7562 3357
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEAFFLEASEFFF
Third Quad Capital (LSE:TQC)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Third Quad Capital (LSE:TQC)
Historical Stock Chart
Von Mai 2023 bis Mai 2024
Echtzeit-Nachrichten über Third Quad Cap (Londoner Börse): 0 Nachrichtenartikel
Weitere Third Quad Cap News-Artikel