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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bgenuinetec | LSE:BGTI | London | Ordinary Share | JP3420970000 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBGTI RNS Number : 1703Y BgenuineTec Inc. 28 August 2009 FOR IMMEDIATE RELEASE 28 August 2009 BgenuineTec Inc (AIM: BGTI) ("BgenuineTec" or "the Company") 36.4 MILLION YEN FUND RAISING BgenuineTec, the Japanese developer of biometrics fingerprint authentication technology, announces that it has raised JPY 36.4 million (approximately GBP240,169) through the issue of 5.2 million new ordinary shares at a price of JPY 7 per share (approximately 4.6p per share) to provide additional working capital for the Company. The Public Notice to shareholders has been released today and admission to trading on AIM is expected to be on 3 September 2009. Japan Mergers Capital, Inc is subscribing for 1.6 million new ordinary shares giving them a beneficial interest in 6.3 million ordinary shares being 8.62 per cent. of the total issued ordinary share capital of the Company. Taketoshi Kashiwabara, the Chairman of BgenunieTec, is subscribing for 3.6 million new ordinary shares and, therefore, the subscription is, under Rule 13 of the AIM Rules, a related party transaction. The Directors, with the exception of Mr Kashiwabara, consider, having consulted with its nominated adviser Charles Stanley Securities, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Following approval and admission Mr Kashiwabara will have a beneficial interest in 39,859,285 ordinary shares being 52.88 per cent of the total issued ordinary share capital of the Company. Upon admission the total number of ordinary shares in issue will be 78,383,821. Exchange Rate Used 1GBP: 151.56 JPY For further information, please contact: BgenuineTec Inc Taketoshi KashiwabaraJapan +81-3-5652 -0321 (Chairman) Toshiya KuritaJapan +81-3-5652 -0321 (Chief Financial Controller) Charles Stanley Securities +44 (0) 20 7149 6000 Nominated Adviser Russell Cook / Freddy Crossley Cubitt Consulting +44 (0) 20 7367 5100 Brian Coleman-Smith / James Verstringhe Background Note on BgenuineTec Inc. On 14 July 2006, BgenuineTec Inc.(AIM; BGTI) was the first Japanese company to be admitted to trading on AIM. It offers fingerprint authentication products to companies and individuals that wish to establish high levels of security using biometrics. Biometrics uses a physical attribute of the body, such as a fingerprint to identify and verify the individual with the aim of making individual authentication efficient and secure. The Company offers a range of fingerprint authentication products and systems, from an integrated system to a mobile device. The Company designs and outsources the production of these products and can tailor them to individual client specific needs and applications. Biometric applications provide convenient and reliable security which reduces the cost associated with the failure of conventional authentication methods. The principal factor which distinguishes biometrics from conventional password based authentication is the enhanced security level it provides while maintaining the privacy of individual users. This information is provided by RNS The company news service from the London Stock Exchange END MSCDVLBLKVBBBBD
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