Issue of Equity

 

TIDMBGTI 
 
RNS Number : 1667J 
BgenuineTec Inc. 
25 March 2010 
 

 
FOR IMMEDIATE RELEASE 
25 March 2010 
 
 
                                BgenuineTec Inc 
                        ("BgenuineTec" or the "Company") 
 
                                    Placing 
 
BgenuineTec, the Japanese developer of biometrics fingerprint authentication 
technology, is pleased to announce that it has successfully raised JPY 10.01 
million (approximately ?73,602) through the issue of 1.43 million new ordinary 
shares at a price of JPY 7 per share (approximately 5.1p 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 Tuesday 30 March 2010.  Japan Mergers 
Capital,Incorporate is subscribing for 1.43 million new ordinary shares. 
 
Following approval and admission Japan Mergers Capital,Incorporate will have 
a 
 beneficial interest in 3,530,000 ordinary shares being 4.4 per cent of the 
total issued ordinary share capital of the Company. 
 
Upon admission the total number of ordinary shares in issue will be 80,153,821. 
 
Exchange Rate Used 1GBP: 136.00 
 
 
For further information, please contact: 
 
BgenuineTec Inc 
Taketoshi Kashiwabara Japan                          [phone] 
(Chairman) 
Toshiya Kurita Japan                                      [phone] 
(Chief Financial Controller) 
 
Charles Stanley Securities+44 (0) 20 7149 6000 
Nominated Adviser 
Russell Cook / Dugald J. Carlean 
 
Cubitt Consulting+44 (0) 20 7367 5100 
Chris Lane / 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 
 
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