Publication of Prospectus and Posting of Annual Report and Accounts
Pursuit Dynamics PLC (AIM: PDX), the developer of the PDX platform technology, announces that a prospectus dated 22 February 2012 relating to a 1 for 8 Rights Issue of 9,382,908 and Placing of 1,800,000 New PDX Shares at 100 pence per share has been approved by the UK Listing Authority and has been posted to shareholders and will shortly be available to view on the Company's website at www.pdx.biz and at the offices of Bryan Cave, 88 Wood Street, London EC2V 7AJ.
The Company also announces that its Annual Report and Accounts for the year ended 30th September 2011 and notice of its annual general meeting ("AGM") will shortly be available on the Company's website; www.pdx.biz and will soon be posted to shareholders. The AGM will be held at the Marriott Hotel, Kingfisher Way, Hinchingbrooke Business Park, Huntingdon, PE29 6FL on 27 March 2012 at 11.00 am.
The Company also wishes to announce that Andy Quinn, Chairman of the Company, has given notice of his intention to retire from the position of Chairman. Mr Quinn intends to step down from the Board once a new permanent Chief Executive has been appointed and a successor to fill the role of Chairman has been identified.
The full timetable for the Rights Issue is set out in the Prospectus and is summarised below.
Record Date for entitlement under the Rights
17 February 2012
Publication of the Prospectus
22 February 2012
Despatch of Provisional Allotment Letters
to Qualifying non-CREST Shareholders
22 February 2012
Admission - commencement of dealings in Nil
Paid Rights and Fully Paid Rights, and Existing
PDX Shares marked "ex-rights" by the
London Stock Exchange
8.00 a.m. on 23 February 2012
Latest time and date for acceptance, payment
in full and registration of renunciation of
Provisional Allotment Letters
11.00 a.m. on 9 March 2012
Commencement of dealings in New PDX Shares, fully paid, on the London Stock Exchange
8.00 a.m. on 12 March 2012
Pursuit Dynamics plc 01480 422 050
Cenkos Securities plc 020 7397 8900
Mirabaud Securities LLP 020 7878 3360
M Communications 020 7920 2339
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