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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Quiktrak | LSE:QTR | London | Ordinary Share | GB0031988057 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:8859Z
QuikTrak Networks PLC
17 June 2004
London,
17 June 2004
REFOCUSSED BUSINESS ACTIVITIES AND EXTRAORDINARY GENERAL MEETING
Further to the Company's announcement on 20 May 2004, the Company is progressing
its strategy aimed at securing licence agreements with prospective QuikTrak
Network operators in its territory (comprising Europe, the Middle East and the
countries of the former USSR).
To further pursue this strategy, the Company intends to continue to operate a
reduced M25 network on a non-commercial basis, including continuing to provide
tracking services to Addison Lee's fleet of 800 vehicles, which have been
connected to the network in recent months.
Pending the securing of a strategic investor to enhance its commercial
capabilities, as previously announced, the Company may seek to raise additional
equity capital. Progress has been made in securing these funds although no
commitments have yet been received. Accordingly, the directors have resolved to
call an extraordinary general meeting, to be held on 6 July 2004, whereat the
directors will seek authority to allot up to a further 100 million ordinary
shares on a non-preemptive basis.
Chris Kyriakou
Chairman
For further information contact:
Annie Richards QuikTrak Networks plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400
The Directors of QuikTrak Networks plc accept responsibility for this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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