Stmnt re Share Price Movement (7288Z)
19 Januar 2011 - 11:25AM
UK Regulatory
TIDMTQC
RNS Number : 7288Z
Third Quad Capital PLC
19 January 2011
Third Quad Capital Plc
Statement regarding share price movement
('TQC' or 'the Company')
The Company notes the recent share price movement. TQC can
confirm that it is currently in discussions with a potential
acquirer of its software businesses in order that it can fully
focus on its Financial Services Division as noted in the Company's
trading update issued on 4 January 2011. There can be no certainty
as to whether a transaction will occur, nor as to the structure or
terms on which any transaction might take place. Regardless of the
outcome of these discussions it is the intention of TQC to focus on
VSA Capital Limited, its Financial Services division, where it has
the management skills to run and successfully grow a valuable
business for shareholders. Whilst this division is currently
performing above expectations, VSA Capital Limited is investing for
expansion which does risk constraining short term profitability as
it seeks longer term value.
For further information, please contact
Third Quad Capital plc
Andrew Monk, CEO
0203 005 5000
Shore Capital and Corporate Limited Andrew Raca or Edward
Mansfield
020 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
END
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