Knowledge Technology Solutions PLC
4 December 2000
KNOWLEDGE TECHNOLOGY SOLUTIONS PLC ('KTS')
Results of the Offer for Subscription
and
Commencement of Trading on The Alternative Investment Market
('AiM')
Following the closure of the Offer, the Directors announce
that a total of 14,554,548 Ordinary Shares of 0.1p each have
been applied for under the Offer raising £ 654,955 gross.
Accordingly, applications have been allotted in full and the
first day of dealings in the shares on AIM will be Monday 4
December 2000.
KTS develops proprietary software which processes data, adds
value to business information and delivers a tailored
solution, using the Internet as the communications
infrastructure. The technologies are optimised to meet the
needs of mobile communication and focus on Application Service
Provision ('ASP') and Wireless ASP (WASP') solutions.
The Group also provides online financial publishing and B2B
services through www.sharepages.com.
Marc Pinter-Krainer, Chief Executive, commented:
'We now have in place innovative technologies and a dynamic
team capable of supporting our rapid development. We have
already identified a number of opportunities to accelerate
growth and welcome our new shareholders at this stage in the
company's development.'
Enquiries:
Knowledge Technology Solutions PLC Tel: 020 8795 2700
Dr Marc Pinter-Krainer, Chief Executive
Beaumont Cornish Limited (Nominated Adviser) Tel: 020 7628
3396
Roland Cornish
Hichens, Harrison & Co PLC (Nominated Broker) Tel: 020
7588 5171
Dennis Bailey
College Hill Associates Tel: 020 7457 2020
Nick Nelson
Note:
Because of much publicised postal and communication problems
in the UK, the Directors have extended the Offer (in
accordance with its terms) to include any postal applications
with post marks until 1st December 2000, and the shares which
may be allotted in respect of any such applications will be
traded on AiM as soon as practicable. A separate announcement
in respect thereof will be made in due course.
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