Information  X 
Enter a valid email address

Knowledge Technology (ARC)

  Print      Mail a friend       Annual reports

Monday 03 March, 2003

Knowledge Technology

Placing/Additional Listing

Knowledge Technology Solutions PLC
03 March 2003



3 March 2003



                       Knowledge Technology Solutions PLC

                            ('KTS' or the 'Company')



                         Placing and Additional Listing



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:



  • QuoteTerminalTM, 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

  • MarketTerminalTM, 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 QuoteTerminalTM, 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.



Enquires, please contact:



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

John Depasquale:  020 7648 8700
Seymour Pierce Limited

Neil Boom/Jenny Leahy:  020 7404 9000
Gresham PR Ltd



                      This information is provided by RNS
            The company news service from the London Stock Exchange