Issue of Equity

RNS Number : 5526H

Tracsis PLC

31 May 2011

 



Tracsis plc

("Tracsis" or the "Company")

Confirmation of Placing

The Companyannounces that it has raised £1,950,000 from the issue of 4,333,333 new ordinary shares of 0.4p each ("Ordinary Shares") at a price of 45p per share, by way of a placing. Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 6 June 2011.

Following the Placing, the number of Ordinary Shares in issue will increase to 23,835,588

The monies raised from the Placing will be used to fund further growth in the Company.

For the purposes of the Financial Services Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consisted of 23,835,588 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Tracsis under the DTRs.

For more information please contact:

John McArthur, Tracsis plc	Tel: [phone]
Katy Mitchell, WH Ireland Limited	Tel: [phone]

 

END

 

 

LISBBGDUGDXBGBB