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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 : 4807U BgenuineTec Inc. 25 June 2009 FOR IMMEDIATE RELEASE25 June 2009 BgenuineTec Inc (AIM: BGTI) ("BgenuineTec" or "the Company") 25 MILLION YEN FUND RAISING BgenuineTec, the Japanese developer of biometrics fingerprint authentication technology, announces that the Company intends to raise a further 25 million yen (approximately GBP157,530) by way of a loan from Mr. Taketoshi Kashiwabara (the "Loan") to provide further working capital for the Company. The Loan is to be repaid on or before 31 August 2009 and will attract interest at an annual loan rate of TIBOR (Tokyo Interbank Offered Rate announced by Japanese Bankers Association) + 0.950%. The interest accrued on the Loan will be added to the principal loan sum and repaid with the original loan. Mr. Kashiwabara, the Chairman of BgenuineTec, is deemed to be a related party in accordance with Rule 13 of the AIM Rules. The Directors of the Company, other than Mr. Kashiwabara, consider, having consulted with BgenuineTec's Nominated Adviser Charles Stanley Securities, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Exchange Rate Used 1GBP: 158.7 JPY For further information, please contact: BgenuineTec Inc Taketoshi KashiwabaraJapan+81-3-5652 -0321 (Chairman) Toshiya Kurita Japan +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. (formerly Secure Design KK) 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 MSCPUUQCQUPBUQA
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