Placing and Additional Listing
03/03/2003
Knowledge Technology Solutions PLC (KTS), the independent provider of real-time data solutions for financial professionals, today announces that Seymour Pierce has placed 25,000,000 new ordinary shares at 3p, principally with new institutional investors. The placing raised £750,000 before expenses.
Highlights:
- ktsQuoteTerminal™, the UK market data product, continuing to establish a growing base of renewable revenues
- Proceeds to increase the size of the sales and support operations
- ktsMarketTerminal, the new product with international market data coverage to launch later this year, thereby allowing KTS access to a wider market, at typically higher revenue per unit than the UK-only product
KTS Chief Executive, Dr Marc Pinter-Krainer, said:
"We are delighted at the strong institutional investor support that KTS continues to receive. 2003 has so far got off to an excellent start, characterised by a strong take up of our existing ktsQuoteTerminal™, product and a growing pipeline of potential prospects. Our priority now is to use the new funds to continue to build market share."
Application has been made for the admission of the new Ordinary Shares to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company. Dealings in the new Ordinary Shares are expected to commence on or about 7 March 2003.
Following the admission to trading of the 25,000,000 shares, this will represent 22.88% of the increased issued share capital of 109,256,321 shares of Knowledge Technology Solutions PLC.
