11th Dec 2006 07:00
Knowledge Technology Solutions PLC11 December 2006 11 December 2006 KTS raises £1,600,000 through a placing of new ordinary shares Knowledge Technology Solutions PLC ("KTS" or the "Company"), providers ofprofessional market information services in the finance sector, is pleased toannounce that it has raised £1,600,000 through a placing of 160,000,000 newordinary shares of 0.1 pence each at a price of 1 penny per share. Dealings inthe new Ordinary Shares are expected to commence on AIM on 12 December 2006. These funds are in addition to the £242,571 KTS raised through a recent placingannounced to shareholders on 30 November 2006. Part of the proceeds of the placings will be used for the continued developmentand rollout of solutions addressing the market requirements arising from theplanned introduction of the Markets in Financial Instruments Directive (MiFID)in 2007. The funds will also be used towards exploring potential acquisitions, and topursue opportunities for MarketTerminal ON-SITE, a new tailored solution whichenables large investment banks to deploy a fully customised data viewingapplication based on the Company's proven MarketTerminal display application.The MarketTerminal ON-SITE solution offers banks far greater control over thepresentation and manipulation of their own data, and also considerable costsavings by reducing their dependence on large data vendors supplying thismarket. KTS previously announced that it has already made encouraging progress withMarketTerminal ON-SITE within several banks, including the successful completionof a 'proof of concept' phase with one global investment bank. Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said: "We have secured the funds that will enable KTS to more rapidly advance ourMiFID and MarketTerminal ON-SITE solutions. These new areas will complement theincome from supplying MarketTerminal, our market data display application, andare based on the same proprietary technology. We are delighted to welcome newinvestors to KTS and would like to thank our existing shareholders for theircontinued support." Contacts:Dr Marc Pinter-Krainer Neil BoomKnowledge Technology Solutions PLC Gresham PR Ltd.020 7256 2300 020 7404 9000 Emily Morgan Barrie NewtonCorporate Synergy Plc Rowan Dartington & Co. Limited0117 933 0020 0117 933 0011 Notes to Editors About Knowledge Technology Solutions PLC Knowledge Technology Solutions PLC is an innovative provider of financial marketdata application services and the company is listed on AIM, a market operated bythe London Stock Exchange (ticker symbol: KTS). Utilising its proprietary advanced technologies, KTS focuses on developing andproviding real-time market data services to the financial marketplace bydelivering essential market data and news via more cost-effective communicationschannels. KTS differentiates itself from other leading information providers as itsservices are technology driven. They are designed to run on standard PCs andlaptops without the need for any installation of dedicated hardware, software orinfrastructure, as the application runs on the server side on powerful clustersof highly resilient and secure servers. Financial professionals can log on to KTS's services by using a standardInternet connection from any geographical location across fixed and wirelessnetworks. KTS's "zero-client" application service requires no client-sidecomponents and upgrades are automatic. Other benefits include flexibility andcost savings in support and maintenance using any market data infrastructure.More than 130 client organisations currently subscribe to KTS's financialinformation service KTS MarketTerminal. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Arcontech Group