Completion of disposal and change of name (2117B)

TIDMTQC

RNS Number : 2117B

Third Quad Capital PLC

14 February 2011

Third Quad Capital plc

("TQC" or the "Company", to be renamed VSA Capital Group plc)

Result of General Meeting,

completion of disposal of the Technology Division,

board change and

change of name to VSA Capital Group plc

Result of General Meeting

The Board is pleased to announce that at the General Meeting of the Company which was held earlier today, the following resolutions were approved:

1) the disposal of the group's Technology Division (as outlined in the circular to shareholders dated 28 January 2011) (the "Disposal");

2) the renewal of the Directors' authority to issue Ordinary Shares for cash without applying statutory pre-emption rights

3) the change of name of the Company to VSA Capital Group plc.

The Board is also pleased to announce that the Disposal has now been completed.

Board change

John McCartney, who was the director responsible for the Technology Division, has resigned from the board and will be leaving the group in order to pursue other opportunities and ventures. He is departing the Company on amicable terms and the Company wishes him well.

As announced on 28 January 2011, under the terms of the Disposal, John McCartney will receive 25 million new ordinary Shares in the Company credited as fully paid. Application has been made for the new Ordinary Shares to be admitted for trading on AIM and trading is expected to commence on 18 February 2011.

Total Voting Rights

Following the issue of new Ordinary shares to John McCartney, the issued share capital of the Company will increase by 4.1 per cent. to 641,153 145 Ordinary Shares of 0.01p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules (as applied to the Company by AIM Rule 17).

John McCartney's shareholding will amount to 75,000,000 ordinary shares equating to 11.7 per cent of the Company's enlarged share capital.

Change of name

The Company has changed its name from Third Quad Capital Group plc to VSA Capital Group plc. With effect from 15 February 2011, the Company's shares will trade under the TIDM 'VSA'.

The Company's website is found at www.vsacapital.com.

The Company will publish second interim results for the six months to 31 December 2010 in late

March 2011.

The Chief Executive Andrew Monk commented:

"The Company's growth and future lies with VSA Capital where we will focus on developing an institutional broking and investment banking business. We look forward to the future with considerable enthusiasm and optimism".

For further information please contact:

Third Quad Capital plc

Andrew Monk, CEO

Peter Joy, FD

0203 005 5000

Shore Capital and Corporate Limited (Nominated Adviser)

Andrew Raca

Edward Mansfield

020 7408 4090

Rivington Street Corporate Finance Jon Levinson 020 7562 3357

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGEASALFSAFEFF