Issue of Equity (6996W)

TIDMTQC

RNS Number : 6996W

Third Quad Capital PLC

24 November 2010

Third Quad Capital Plc

('TQC' or 'the Company')

PLACING

Third Quad Capital Plc, the AIM listed UK based group with a software division and an FSA authorised and regulated securities division, is pleased to announce that it has successfully raised GBP100,000 before expenses by way of a placing of 20,000,000 new ordinary shares of 0.01p each in the capital of the Company ("new Ordinary Shares") at 0.5 pence ("Placing Price") per new Ordinary Share (the "Placing"). The Placing was undertaken to accommodate additional demand from an existing investor. The net proceeds of the Placing will be used for working capital purposes. The 20,000,000 new Ordinary Shares to be issued pursuant to the Placing will rank pari passu in all respects with the existing issued ordinary share capital of the Company. Application has been made for the new Ordinary Shares to be admitted for trading on AIM and trading is expected to commence on 29 November 2010.

HOLDINGS ON COMPLETION OF THE PLACING

Set out below are the interests of the Directors in the Company's issued share capital following completion of the Placing:

 
                             Aggregate         Aggregate 
                             interests         interests         Percentage 
                              prior to         following    of the enlarged 
                            completion        completion       issued share 
 Director               of the Placing    of the Placing            capital 
--------------------  ----------------  ----------------  ----------------- 
 Lyndon Chapman 
  (Non Executive 
  Chairman)                  5,000,000         5,000,000               0.81 
--------------------  ----------------  ----------------  ----------------- 
 Andrew Monk 
  (CEO)                     83,000,000        83,000,000              13.47 
--------------------  ----------------  ----------------  ----------------- 
 John McCartney 
  (Director)                50,000,000        50,000,000               8.11 
--------------------  ----------------  ----------------  ----------------- 
 Peter Joy (Finance 
  Director)                 10,000,000        10,000,000               1.62 
--------------------  ----------------  ----------------  ----------------- 
 

TOTAL VOTING RIGHTS

Following the Placing, the issued share capital of the Company will increase by 3.35 per cent. to 616,153,145 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).

For further information, please contact

Third Quad Capital plc

Andrew Monk, CEO

0207 096 9580

Shore Capital and Corporate Limited

Andrew Raca or Toby Gibbs

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

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