Arcontech Group Regulatory News (ARC)

30 Nov 2006 07:01

Knowledge Technology Solutions PLC30 November 2006 Knowledge Technology Solutions PLC ("KTS" or the "Company"), provider ofprofessional market information services in the finance sector, despatched adocument on 10 November 2006 ("Document") to the holders of its ordinary sharesof 0.1 pence each ("Shareholders") convening an extraordinary general meeting ("EGM") in order to seek the approval of Shareholders to three resolutions toincrease the directors' of KTS existing authorities under sections 80 and 89 ofthe Companies Act 1985 (as amended) and to increase the authorised share capitalof the Company. The EGM is to be held at the offices of Corporate Synergy Plc, 30 Old BroadStreet, London EC2 1HT on 4 December 2006 at 12.30 p.m. KTS is pleased to announce that it has raised £242,571 through a placing of24,257,100 new ordinary shares of 0.1 pence each at a price of 1 penny pershare. Dealings in the new Ordinary Shares are expected to commence on AIM on 1December 2006. This placing makes use of all of the authority currently available to KTS toissue shares without recourse to shareholders. It is the intention of theCompany to raise additional funds immediately upon approval by shareholders ofthe Company of the resolutions to be proposed at the EGM. Enquiries:- Marc Pinter-Krainer, Chief Executive KTS - 0207 256 2300Emily Morgan, Corporate Synergy Plc - 0117 933 0020Barrie Newton, Rowan Dartington & Co. Limited - 0117 933 0011 This information is provided by RNS The company news service from the London Stock Exchange