Information  X 
Enter a valid email address

Knowledge Technology (ARC)

  Print      Mail a friend       Annual reports

Monday 03 December, 2001

Knowledge Technology

Issue of Equity-Replacement

Knowledge Technology Solutions PLC
3 December 2001


Knowledge Technology Solutions PLC

The issuer advises that the following replaces the Issue of Equity
announcement released today at 07:00 under RNS number 0353O.

As previously released the announcement contains elements of draft text. These
have been amended and changes are highlighted with an asterisk (*). The full
corrected version appears below.'

For Immediate Release



KNOWLEDGE TECHNOLOGY SOLUTIONS PLC ('KTS')

Places 4.15 million new Ordinary Shares with Dresdner RCM Global Investors
(UK) Ltd to raise £249,000

*Accelerated MarketTerminal Roll-out

Knowledge Technology Solutions PLC ('KTS'), the developer of proprietary
technology and software solutions and owner of the Sharepages.com financial
information portal, today announces it has conditionally placed a total of
4.15 million new Ordinary 0.1p Shares at 6p, raising £249,000.

Dresdner RCM Global Investors (UK) Limited has subscribed for 4.15 million new
Ordinary Shares which will rank pari passu with the existing shares in issue.

*KTS has invested heavily over the past two years in the development of
MarketTerminal, the company's ASP-based interactive financial information
system aimed at market professionals. The proceeds of the placing will
primarily be used for working capital, in particular for further development
of MarketTerminal, the strengthening of the support infrastructure and the
creation of a new Head of Sales & Marketing role.

Commenting on the placing, Dr Marc Pinter-Krainer, CEO, said: 'We welcome the
investment of Dresdner RCM which will assist in the accelerated roll-out of
our recently launched MarketTerminal system. MarketTerminal delivers real-time
market information without the requirement for bespoke hardware or software.'

ENDS

3 December 2001



Further Enquiries:

Dr Marc Pinter-Krainer
CEO, Knowledge Technology Solutions      020 8795 2700

Roland Cornish
Beaumont Cornish, Nominated Advisors     020 7628 3396

*Neil Boom
Gresham PR     020 7329 7555

Notes:

The company's MarketTerminal product is a powerful interactive financial
information system which combines reliable delivery of real-time market
information with the advantages of Application Service Provision ('ASP').
Advantages include enhanced mobility, no hardware or software requirements and
significantly lower cost to the client.

The placings are conditional upon admission to trading on the Alternative
Investment Market ('AIM') becoming effective, Application is being made for
the new Ordinary Shares allotted to Dresdner RCM to be admitted to trading on
AIM. Following admission of the shares Dresdner RCM will hold 5.4 per cent of
the enlarged issued share capital of Knowledge Technology Solutions.