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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 : 8999L BgenuineTec Inc. 14 May 2010 FOR IMMEDIATE RELEASE 14 MAY 2010 BgenuineTec Inc ("BgenuineTec" or the "Company") Issue of Equity BgenuineTec, the Japanese developer of biometrics fingerprint authentication technology, is pleased to announce that it has successfully raised JPY 21,000,000 (approximately GBP152,000) through the issue of 3,000,000 new ordinary shares ("the Placing Shares") at a price of JPY 7 per share (approximately 5p per share), being the average closing mid market price of the Company's shares within the last 30 days, to provide additional working capital for the Company. The Placing Shares have been placed with Taketoshi Kashiwabara, Chairman of the Company and the placing is therefore considered to be a related party transaction for the purpose of AIM Rule 13. In this regard, having consulted with the Company's nominated adviser, Charles Stanley Securities, the Directors of the Company, other than Taketoshi Kashiwabara, consider that the terms of the transaction are fair and reasonable insofar as the shareholders of BgenuineTec are concerned. Following the issue of the Placing Shares, Mr Kashiwabara's holding in the Company has increased to 46,199,285 ordinary shares representing 55.56 per cent. of the Company's issued share capital. Application has been made for the 3,000,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 19 May 2010. The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company will increase to 83,153,821 ordinary shares. Exchange Rate Used 1GBP: 137.89 For further information, please contact: BgenuineTec Inc Taketoshi Kashiwabara Japan +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 / 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 IOEUOUVRRAAVAAR
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