Replacement Announcement: Issue of Equity

 

TIDMTQC 
 
RNS Number : 6284V 
Third Quad Capital PLC 
04 November 2010 
 
Third Quad Capital Plc 
 
('TQC' or 'the Company') 
 REPLACEMENT ANNOUNCEMENT: PLACING 
The Placing announcement released on 4 November 2010 at 07.00 under RNS No. 
5846V has been amended as follows: 
      the total number of new ordinary shares placed is 36,000,000 not 
34,000,000 
      the total issued share capital of the company is now  576,153,145 not 
574,153,145 
      percentages in the announcement have been updated to reflect the changes 
above 
The full amended text is shown below: 
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 GBP180,000 before expenses by way of a placing 
of 36,000,000 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 institutional investors. The 
net proceeds of the Placing will be used for working capital purposes, and there 
is a natural benefit to VSA Capital to have its clients as shareholders of Third 
Quad Capital Plc. The 36,000,000 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 9 November 2010. 
UPDATE 
The Company is pleased to announce that the software division has completed the 
first stages of integration with all of the division's sales and marketing staff 
and warehousing facilities relocated into Softline's existing premises. 
As a result the company can announce that terms have been agreed for the letting 
of Innovation House, which was previously the group's Head Office and principal 
place of business, for 3 years from 12th November 2010.  It remains the group's 
intention to find a buyer for this property and marketing has commenced through 
agents. 
The last quarter of the calendar year is the most important for our software 
division and a further update will be provided in the New Year.  Our securities 
division has recruited some talented individuals and now needs to ensure that 
the interesting deals that we are seeing are completed which, although there is 
confidence, can never be guaranteed.  A healthy cash position is always useful 
for any securities operation. 
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: 
 
+----------------+-------------+----------------+-----------------+ 
| Director       |   Aggregate |      Aggregate |   Percentage of | 
|                |   interests |      interests |    the enlarged | 
|                |    prior to |      following |    issued share | 
|                |  completion |  completion of |         capital | 
|                |      of the |    the Placing |                 | 
|                |     Placing |                |                 | 
|                |             |                |                 | 
+----------------+-------------+----------------+-----------------+ 
| Lyndon Chapman |   5,000,000 |      5,000,000 |            0.87 | 
| (Non Executive |             |                |                 | 
| Chairman)      |             |                |                 | 
|                |             |                |                 | 
+----------------+-------------+----------------+-----------------+ 
| Andrew Monk    |  83,000,000 |     83,000,000 |           14.41 | 
| (CEO)          |             |                |                 | 
|                |             |                |                 | 
+----------------+-------------+----------------+-----------------+ 
| John McCartney |  50,000,000 |     50,000,000 |            8.68 | 
| (Director)     |             |                |                 | 
|                |             |                |                 | 
+----------------+-------------+----------------+-----------------+ 
| Peter Joy      |  10,000,000 |     10,000,000 |            1.74 | 
| (Finance       |             |                |                 | 
| Director)      |             |                |                 | 
|                |             |                |                 | 
+----------------+-------------+----------------+-----------------+ 
 
TOTAL VOTING RIGHTS 
Following the Placing, the issued share capital of the Company will increase by 
6.66 per cent. to 576,153,145 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 
   END 
 
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