Business
Share Placing
Share Placing.
About this update from T42 Iot Tracking Solutions Plc
[{"type":"text","content":"\n Traction Technology PLC\n24 August 2007\n\n\nFOR IMMEDIATE RELEASE 24 August 2007\n\n \n Traction Technology PLC\n ('Traction' or the 'Company')\n \n Share Placing\n\nThe Company is pleased to announce that, in addition to the £245,000 raised on\n13 August 2007, it has raised an additional £15,000 by means of a placing of\n53,571 new Ordinary Shares of 3p each at a price of 28p per share. Application\nwill be made for the 53,571 new Ordinary Shares issued today to be admitted to\ntrading on AIM which will rank pari passu with the existing Ordinary Shares.\n\nThe funds raised through the placing will be used to further accelerate\ndevelopment of the tribrid engines as well as for general working capital\npurposes.\n\n\nENDS\n\nFor further information, please contact:\nTraction Technology PLC\nNicholas Brayshaw, Chairman\nTel +44 (0) 1403 791392\n\nBeaumont Cornish Limited\nRoland Cornish\nTel +44 (0) 20 7628 3396\n\nAmbrian Partners Limited\nTel +44 (0) 20 7776 6400\nRichard Brown\nShaun Whyte\n\nParkgreen Communications Tel +44 (0) 20 7851 7480\nLucy Lake\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]