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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 : 2269Q BgenuineTec Inc. 30 July 2010 FOR IMMEDIATE RELEASE July 30, 2010 BgenuineTec Inc ("BgenuineTec" or the "Company") Placing BgenuineTec Inc, the Japanese developer of biometric fingerprint authentication technology, is pleased to announce that it has successfully raised JPY 42 million (approximately GBP308,000) through the issue of 7 million new shares in the Company ("Shares") at yesterday's mid market price of JPY 6 per Share (approximately 4.4p per Share) (the "Placing Shares") to provide additional working capital for the Company (the "Placing"). Admission to trading on AIM of the Placing Shares ("Admission") is expected to be on or about 4 August 2010. Fuji Digital Imaging Co. Ltd. ("Fuji Digital"), a company in which BgenuineTec's Chairman, Mr Taketoshi Kashiwabara, is both Chairman and a shareholder, is subscribing for 4,430,000 Shares as part of the Placing. In addition, Mr Taketoshi Kashiwabara is subscribing for 1,570,000 Shares in the Placing. As a result of the Placing, Fuji Digital has a beneficial interest in 9,460,000 Shares being 10.49 per cent of the total issued Shares in the capital of the Company and Mr Kashiwabara has a beneficial interest in an aggregate of 47,769,285 Shares being 52.99 per cent of the total issued Shares in the capital of the Company. Mr Kashiwabara, a director and the Chairman of BgenuineTec, is deemed to be a related party in connection with the Placing in accordance with Rule 13 of the AIM Rules. The Directors of the Company, other than Mr Kashiwabara, consider, having consulted with the Company's Nominated Adviser, Charles Stanley Securities, the terms of the transaction to be fair and reasonable insofar as its shareholders are concerned. Commenting on the developments, Mr Taketoshi Kashiwabara, Chairman of BgenuineTec, said: "The Placing provides an important injection of working capital which will support the company's continued growth." Following Admission of the Placing Shares the total number of Shares in issue will be 90,153, 821 Exchange Rate Used 1GBP: 136.20 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 / Carl Holmes Cubitt Consulting+44 (0) 20 7367 5100 Chris Lane / Nicola Krafft 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 IOEUROBRRSABORR
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