Issue of Equity (6996W)
November 24 2010 - 1:00AM
UK Regulatory
TIDMTQC
RNS Number : 6996W
Third Quad Capital PLC
24 November 2010
Third Quad Capital Plc
('TQC' or 'the Company')
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
GBP100,000 before expenses by way of a placing of 20,000,000 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 to accommodate
additional demand from an existing investor. The net proceeds of
the Placing will be used for working capital purposes. The
20,000,000 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 29 November 2010.
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:
Aggregate Aggregate
interests interests Percentage
prior to following of the enlarged
completion completion issued share
Director of the Placing of the Placing capital
-------------------- ---------------- ---------------- -----------------
Lyndon Chapman
(Non Executive
Chairman) 5,000,000 5,000,000 0.81
-------------------- ---------------- ---------------- -----------------
Andrew Monk
(CEO) 83,000,000 83,000,000 13.47
-------------------- ---------------- ---------------- -----------------
John McCartney
(Director) 50,000,000 50,000,000 8.11
-------------------- ---------------- ---------------- -----------------
Peter Joy (Finance
Director) 10,000,000 10,000,000 1.62
-------------------- ---------------- ---------------- -----------------
TOTAL VOTING RIGHTS
Following the Placing, the issued share capital of the Company
will increase by 3.35 per cent. to 616,153,145 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
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