Issue of Equity
November 12 2010 - 2:00AM
UK Regulatory
TIDMTQC
RNS Number : 0695W
Third Quad Capital PLC
12 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 17 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:
+----------------+-------------+----------------+-----------------+
| 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 | 0.84 |
| (Non Executive | | | |
| Chairman) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| Andrew Monk | 83,000,000 | 83,000,000 | 13.92 |
| (CEO) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| John McCartney | 50,000,000 | 50,000,000 | 8.39 |
| (Director) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
| Peter Joy | 10,000,000 | 10,000,000 | 1.68 |
| (Finance | | | |
| Director) | | | |
| | | | |
+----------------+-------------+----------------+-----------------+
TOTAL VOTING RIGHTS
Following the Placing, the issued share capital of the Company will increase by
3.47 per cent. to 596,153,145 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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