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21st Century Tech (C21)

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Monday 16 January, 2012

21st Century Tech

Admission Application

RNS Number : 6192V
21st Century Technology PLC
16 January 2012
 




16 January 2012

 

 

21st Century Technology plc

 

("21st Century" or "the Company")

 

Admission Application

 

The Board of 21st Century Technology plc announces today that application has been made to the London Stock Exchange for the admission of 236,150 new ordinary shares of 10 pence each ("New Ordinary Shares") to trading on AIM.  Admission is expected to take place on 20 January 2012.

 

61,150 New Ordinary Shares have been issued and allotted pursuant to the exercise of options by employees, at an exercise price of 10 pence per share, and will rank pari passu in all respects with the existing issued ordinary share capital of the Company.

 

In addition, 175,000 New Ordinary Shares have been issued and allotted pursuant to the exercise of options by Mr David Voss, a Director of the company, at an exercise price of 10 pence per share, and will rank pari passu in all respects with the existing issued ordinary share capital of the Company.  On commencement of trading, Mr Voss will hold 1,034,913 of shares in the company being 1.1% of the issued share capital

 

Following admission of these new ordinary shares, the Company's issued share capital will comprise 92,464,755 ordinary shares of 10 pence each.  This figure of 92,464,755 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

 

Ends

 

For Further Information: 

 

21st Century Technology plc 

www.21stplc.com



Wilson Jennings 

020 8710 4016 


Finance Director 


Daniel Stewart & Co plc



Nominated Adviser

Noelle Greenaway

020 7776 6550 

Corporate Broking

Martin Lampshire /Sean Lunn





MHP Communications Ltd




Barnaby Fry 

020 3128 8100 


Vicky Watkins


 

 

Notes to editors:

 

21st Century Technology plc (AIM: C21), a leading supplier of public transport CCTV and other monitoring systems, was admitted to trading on AIM, a market operated by the London Stock Exchange, in 2005.

 

21st Century is the preferred supplier of on-board CCTV systems for Arriva UK Bus, the Go-Ahead Group in the UK and FirstGroup UK Bus. 

 

The Company has pioneered the use of WiFi with on-board CCTV systems and Transport for London commissioned the Company to undertake a trial of 'LiveView' - a system which transmits live CCTV pictures from on board the bus to a public transport and police control centre.  21st Century was also the first company to successfully launch Automatic Video Downloads and a bus CCTV monitoring system (HeartbeatTM) which allow the CCTV manager to remotely download CCTV footage from the bus to his computer and check that all the CCTV systems fitted to his buses are fully operational, without leaving his desk.   The company's overhead camera passenger counting device, known as Passenger Analysis System ("PAS"), links to the ticket machine and enables bus operators to analyse specific bus route ticket sales and passenger numbers.

 

21st Century's EcoManager product has made a significant contribution to sales since its launch in July 2008. The EcoManager black-box system is aimed at reducing fuel and maintenance costs, reducing emissions and improving safety for bus operators by monitoring individual driving styles. Following a successful trial, in April 2009, Arriva UK committed to install the device on all their new buses and to retrofit a large proportion of their existing fleet. In November 2009 Arriva North West and Merseytravel won the industry recognised Alexander Dennis Award for Innovation following their installation of the EcoManager system which yielded fuel savings of up to 12%, associated CO2 emission reductions and a 62% reduction in accidents. This was followed in 2010 with a driver safety award for EcoManager presented by the road safety charity, Brake and in 2011, Arriva Wirral was presented with the Environmental Award by Wirral Investment Network in recognition of the environmental benefits achieved by the company as a result of the installation of EcoManager to its fleet of buses.  For further information go to www.getecomanager.com.

 

 


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