Knowledge Technology Solutions PLC
11 December 2006
11 December 2006
KTS raises £1,600,000 through a placing of new ordinary shares
Knowledge Technology Solutions PLC ('KTS' or the 'Company'), providers of
professional market information services in the finance sector, is pleased to
announce that it has raised £1,600,000 through a placing of 160,000,000 new
ordinary shares of 0.1 pence each at a price of 1 penny per share. Dealings in
the new Ordinary Shares are expected to commence on AIM on 12 December 2006.
These funds are in addition to the £242,571 KTS raised through a recent placing
announced to shareholders on 30 November 2006.
Part of the proceeds of the placings will be used for the continued development
and rollout of solutions addressing the market requirements arising from the
planned introduction of the Markets in Financial Instruments Directive (MiFID)
The funds will also be used towards exploring potential acquisitions, and to
pursue opportunities for MarketTerminal ON-SITE, a new tailored solution which
enables large investment banks to deploy a fully customised data viewing
application based on the Company's proven MarketTerminal display application.
The MarketTerminal ON-SITE solution offers banks far greater control over the
presentation and manipulation of their own data, and also considerable cost
savings by reducing their dependence on large data vendors supplying this
KTS previously announced that it has already made encouraging progress with
MarketTerminal ON-SITE within several banks, including the successful completion
of a 'proof of concept' phase with one global investment bank.
Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said:
'We have secured the funds that will enable KTS to more rapidly advance our
MiFID and MarketTerminal ON-SITE solutions. These new areas will complement the
income from supplying MarketTerminal, our market data display application, and
are based on the same proprietary technology. We are delighted to welcome new
investors to KTS and would like to thank our existing shareholders for their
Dr Marc Pinter-Krainer Neil Boom
Knowledge Technology Solutions PLC Gresham PR Ltd.
020 7256 2300 020 7404 9000
Emily Morgan Barrie Newton
Corporate Synergy Plc Rowan Dartington & Co. Limited
0117 933 0020 0117 933 0011
Notes to Editors
About Knowledge Technology Solutions PLC
Knowledge Technology Solutions PLC is an innovative provider of financial market
data application services and the company is listed on AIM, a market operated by
the London Stock Exchange (ticker symbol: KTS).
Utilising its proprietary advanced technologies, KTS focuses on developing and
providing real-time market data services to the financial marketplace by
delivering essential market data and news via more cost-effective communications
KTS differentiates itself from other leading information providers as its
services are technology driven. They are designed to run on standard PCs and
laptops without the need for any installation of dedicated hardware, software or
infrastructure, as the application runs on the server side on powerful clusters
of highly resilient and secure servers.
Financial professionals can log on to KTS's services by using a standard
Internet connection from any geographical location across fixed and wireless
networks. KTS's 'zero-client' application service requires no client-side
components and upgrades are automatic. Other benefits include flexibility and
cost savings in support and maintenance using any market data infrastructure.
More than 130 client organisations currently subscribe to KTS's financial
information service KTS MarketTerminal.
This information is provided by RNS
The company news service from the London Stock Exchange D