Additional Listing & Placing
December 19 2003 - 8:35AM
UK Regulatory
RNS Number:4922T
LTG Technologies PLC
19 December 2003
LTG Technologies PLC ("the Company")
Placing and Additional Listing
Application has today been made for admission of 11,500,000 ordinary shares of
5p each in the Company to trading on the Alternative Investment Market of the
London Stock Exchange. These shares have been issued pursuant to a placing for
cash at 13p per share to raise #1,495,000 before expenses for additional working
capital. The shares will rank pari passu with the existing ordinary shares of
the Company. Dealings are expected to commence in the new ordinary shares on 8
January 2004.
The funds raised are intended to complete the deployment of the Icon graphic
brand management system ahead of schedule. This has proven necessary due to the
demand of major clients. The Company anticipates that this early deployment of
the Icon technology will lead to faster revenue growth with clients than seen
before. Imagelinx has continued to develop relationships with leading
international consumer product companies and is looking at continued strong
sales growth. The Group's LTG MailTM?nder division has also been successful in
attracting orders for its conventional and for its new advanced Sprint
technology. Demand for metal printing equipment remains strong and LTG therefore
views the next financial year with confidence. The Company is pleased to have
received the support of major new shareholders in LTG Technologies PLC.
Enquiries:
LTG Technologies PLC
Albert Klein , Chief Executive Tel: +44 7801 010920
Michael Williamson, Finance Director Tel: +44 7769 703365
Seymour Pierce Limited Tel: + 44 20 7107 8000
Jonathan Wright
This information is provided by RNS
The company news service from the London Stock Exchange
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