Placing of New Shares

 

TIDMTQC 
 
RNS Number : 7634I 
Third Quad Capital PLC 
18 March 2010 
 

 
+-----------------------+-----------------+--------------------+ 
|                       |                 |      18 March 2010 | 
+-----------------------+-----------------+--------------------+ 
 
 
                             Third Quad Capital plc 
 
                    ('Third Quad Capital' or 'the Company') 
 
                                    Placing 
 
Third Quad Capital PLC, the AIM listed alternative software vendor, is pleased 
to announce that it has successfully raised GBP200,000 before expenses by way of 
a placing of 40,000,000 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 with certain Directors of the 
Company and with existing and new investors. 
The net proceeds of the Placing will be used for working capital purposes. 
The 40,000,000 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 23 March 
2010. 
DIRECTORS' HOLDINGS ON COMPLETION OF THE PLACING 
Set out below are the current interests of the Directors participating in the 
Placing, the number of new Ordinary Shares taken up by those Directors pursuant 
to the Placing and their aggregate interests in the Company's issued share 
capital following completion of the Placing: 
 
+-------------+------------+------------+------------+ 
|             |            |            |            | 
|Shareholder  |  Number    | Aggregate  | Following  | 
|             |  of new    | interests  |    the     | 
|             |  Ordinary  | following  |  Placing   | 
|             |  Shares    |completion  |Percentage  | 
|             |   being    |  of the    |  of the    | 
|             |  issued    |  Placing   |  enlarged  | 
|             |            |            |  issued    | 
|             |            |            |   share    | 
|             |            |            |  capital   | 
+-------------+------------+------------+------------+ 
| Andrew      |  3,000,000 | 83,000,000 |       21.3 | 
| Monk        |            |            |            | 
| (CEO)       |            |            |            | 
+-------------+------------+------------+------------+ 
| Peter       | 10,000,000 | 10,000,000 |        2.6 | 
| Joy         |            |            |            | 
| (Finance    |            |            |            | 
| Director)   |            |            |            | 
+-------------+------------+------------+------------+ 
|             |            |            |            | 
+-------------+------------+------------+------------+ 
|             |            |            |            | 
+-------------+------------+------------+------------+ 
In addition, Lyndon Chapman, Non Executive Chairman, is beneficially interested 
in 5,000,000 ordinary shares, which will amount to 1.3 per cent of the Company's 
enlarged issued share capital. 
 TOTAL VOTING RIGHTS 
Following the Placing, the issued share capital of the Company will increase by 
11.4 per cent to 390,153,145 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 
012 9384 8860 or 07973 224 283 
 
Shore Capital and Corporate Limited 
Andrew Raca or Edward Mansfield 
020 7408 4090 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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