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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nxt | LSE:NTX | London | Ordinary Share | GB0004397567 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNTX RNS Number : 7198H NXT PLC 26 February 2010 26 February 2010 NXT plc ("NXT" or the "Company") Placing NXT plc, a provider of unique sound solutions, best known for its flat panel loudspeaker technology, is pleased to announce a placing of 7,481,561 new ordinary shares of 1 pence each (the "New Ordinary Shares") to raise approximately GBP1 million (before expenses) (the "Placing"). The Placing is being priced at 13 pence per New Ordinary Share representing a discount of 7.1 per cent. to the closing share price on 24 February 2010. The New Ordinary Shares have been placed with Nissha Printing Co. Ltd. ("Nissha"), a licensing partner to NXT, several institutional investors and the directors of the Company and the proceeds of the Placing will be used to strengthen the Company's balance sheet. Peter Thoms, NXT Chief Executive, said: "The objective of this fundraising is to ensure sufficient resources to exploit the momentum we have built in both our TouchSound and BMR technologies. TouchSound enables both audio and tactile feedback from a touch screen. We are very pleased with the demand from institutions and our licensing partner, Nissha and this exercise to strengthen our balance sheet has also helped us to expand our institutional shareholder base." The Placing was undertaken pursuant to a resolution of the shareholders at the Company's Annual General Meeting in November 2009 which approved the disapplication of shareholders' pre-emption rights in relation to the issue of equity securities up to an aggregate nominal amount of GBP74,815.61. Application has been made to the Financial Services Authority for the new ordinary shares to be admitted to the Official List and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the London Stock Exchange's main market for listed securities. The placing is conditional upon admission, which is expected to become effective, and dealings in the new ordinary shares will commence at 8.00 am on 3 March 2010. The placing shares will, when issued, rank pari passu in all respects with the existing ordinary shares. Following admission of the New Ordinary Shares it is expected that the Company will have 158,620,155 ordinary shares in issue. For further information, please contact: +-------------------------------+-----------------+ | NXT PLC | +44 (0) 1223 | | | 597 840 | +-------------------------------+-----------------+ | Peter Thoms, Chief Executive | | | Officer | | +-------------------------------+-----------------+ | Kate Barnes, Finance Director | | +-------------------------------+-----------------+ | | | +-------------------------------+-----------------+ | Singer Capital Markets | +44 (0) 20 3205 | | | 7500 | +-------------------------------+-----------------+ | Shaun Dobson | | +-------------------------------+-----------------+ | Claes Spång | | +-------------------------------+-----------------+ | | | +-------------------------------+-----------------+ | Allerton Communications | +44 (0) 20 3137 | | | 2500 | +-------------------------------+-----------------+ | Peter Curtain | | +-------------------------------+-----------------+ This information is provided by RNS The company news service from the London Stock Exchange END STRDMGZZGKLGGZZ
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