Information  X 
Enter a valid email address

Knowledge Technology (ARC)

  Print      Mail a friend       Annual reports

Monday 03 September, 2007

Knowledge Technology

Additional Listing

Knowledge Technology Solutions PLC
03 September 2007


           Knowledge Technology Solutions plc ('KTS', 'the Company')

                               Result of Placing


Knowledge Technology Solutions plc, a provider of professional market
information services in the finance sector, is pleased to announce that it has
completed a placing of 111,111,111 new ordinary shares ('Placing Shares') of 0.1
pence each at a price of 0.9 pence per share to raise approximately £930,000 net
of expenses ('the Placing').

As announced on 7 August 2007, the proceeds of the Placing will be used to
provide additional working capital for the enlarged group following KTS'
acquisition of Arcontech Limited ('Arcontech').

The Placing has been performed under existing share authorities agreed at the
AGM held on 29 December 2006.  KTS Directors Richard Last, Louise Barton (and
her husband, Mr. Brian D. Newman) and Michael Levy have participated in the
Placing and have purchased 2,600,000, 2,777,000, 277,000, new ordinary shares,
respectively.  In addition, Andrew Miller, who is currently a director of
Arcontech and who will join the KTS Board of Directors as an Executive Director
upon completion of the acquisition, has purchased 2,777,000 in the Placing.

As part of the acquisition consideration, 45,000,000 new ordinary shares of 0.1
pence will be issued ('Consideration Shares') including 15,000,000 which will be
paid to Andrew Miller. Of the remaining consideration shares, 15,000,000 shall
be paid to Stephen Prout and 15,000,000 to Andrew Weber .  Stephen Prout and
Andrew Weber are directors of Arcontech and will not be joining the board of
directors of KTS.  Following admission, Stephen Prout and Andrew Weber will each
hold 3.07% of KTS's total issued and voting share capital.

The acquisition of Arcontech will be completed upon admission of the Placing and
Consideration Shares to trading on AIM ('Admission'), which is expected to take
place on 4 September 2007.

Following Admission of the 156,111,111 new ordinary shares, which will rank pari
passu in all respects with the existing ordinary shares of the Group, KTS's
total issued and voting share capital will comprise of 488,642,943 ordinary
shares and Directors participating in the Placing will have the following
interests in the Company:

                                  No of Shares         % of total Share Capital

Louise Barton (and her 
husband, Mr. Brian D. Newman)      29,597,000                     6.06%
Andrew Miller                      17,777,000                     3.64%
Richard Last                        5,100,000                     1.04%
Michael Levy                          536,960                     0.11%


Disclosure:

The following is disclosed in relation to Andrew Miller, 48, in accordance with
Schedule 2 paragraph (g) of the AIM Rules:

Directorships in the last 5 years

•    Arcontech Limited (current)
•    Net Effect Limited (current)

There is no other information that is required to be disclosed under Schedule 2 
paragraph (g) of the AIM Rules.


                                    - Ends -

Enquiries:

Dr Marc Pinter-Krainer, Knowledge Technology 
Solutions PLC                                         Tel: + 44 (0) 207 256 2300
Katie Hunt / Will Henderson, Smithfield               Tel: + 44 (0) 207 360 4900
Mike Coe / Marc Davies, Blue Oar Securities Plc       Tel: + 44 (0) 117 933 0020


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 the Alternative
Investment Market of the London Stock Exchange (ticker symbol: KTS).

Utilising its proprietary technologies, KTS focuses on developing and providing
real-time market data services to the financial marketplace by delivering market
data and news via cost-effective communications channels.

KTS's products 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.


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