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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Turftrax | LSE:TTX | London | Ordinary Share | GB00B29VTJ93 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.45 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TurfTrax plc (the Company") Issue of Equity The board announces that the Company has issued and allotted, credited as fully paid, 310,000 new ordinary shares in the Company. The issue of equity relates to arrangements made with certain parties that were disclosed in the admission document dated 8 January 2008. Included in the issue of equity noted above are 250,000 new ordinary shares which were issued at the placing price of 40 pence per share to Sagentia Limited in part consideration of the acquisition of certain intellectual property from Sagentia Limited. This gives the Company control over the core tracking patents, allowing the Company to exploit and develop its sports and non-sports services. The new ordinary shares will rank pari passu with the existing ordinary shares. Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Admission of the new ordinary shares is expected to commence on or around 19 February 2008. Following the issue of equity noted above the share capital of the Company is comprised of 44,290,188 ordinary shares of 10 pence each. Notification of Holding in Company Subsequent to the issue of equity detailed above Sagentia Group Limited's* holding in the Company increased by 250,000 ordinary shares. As at the date of this notification Sagentia Group Limited has an interest over 3,427,486 ordinary shares in the Company representing approximately 7.7 per cent. of the Company's issued share capital. *Sagentia Group Limited's holding includes that of Sagentia Limited (1,157,032), a wholly owned subsidiary of Sagentia Group Limited For further information: Nicky Green TurfTrax plc + 44 (0) 1722 434 000 Stephen Goschalk Newland Stockbrokers Ltd + 44 (0) 207 290 2414 Liam Murray City Financial Associates + 44 (0) 207 492 4777 Ltd Andrew Tan Hansard Group + 44 (0) 207 245 1100 END
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