18th May 2005 09:00
Tecteon PLC18 May 2005 TECTEON PLC ("Tecteon" or "the Company") Issue of Equity - Directors' Share Dealings Tecteon has placed 1,999,998 new ordinary shares of 1p each at 2.75p to raise£55,000. The funds raised will be used as general working capital. The shareshave been acquired by Directors and staff. The purchase by the Directors in this placing are: Masoud Alikhani, ChairmanAmount purchased: £10,000Number of Shares: 363,636 @ 2.75pTotal Shareholding after above purchase: 1,428,994, as a percentage of the totalissued shares of the Company : 0.74% Amir Nooral, Chief Executive OfficerAmount purchased: £10,000Number of Shares: 363,636 @ 2.75pTotal Shareholding after above purchase: 365,793, as a percentage of the totalissued shares of the Company: 0.19% Masoud Ahmadi, Managing DirectorAmount purchased: £10,000Number of Shares: 363,636 @ 2.75pTotal Shareholding after above purchase: 1,623,636, as a percentage of the totalissued shares of the Company: 0.84% Application has been made for 1,999,998 new ordinary shares to be admitted totrading on AIM. The new ordinary shares will rank pari passu with the existingordinary shares of the Company and dealings in the new ordinary shares areexpected to commence on 23rd May 2005. Masoud Alikhani, Chairman, Tecteon PLC commented: "The Directors are satisfied with the progress made marketing the productsdeveloped to date and we are confident regarding the prospects for the Company." 18th May 2005 For further information please contact: Amir Nooral, CEO, Tecteon PLC. Tel: 020 8446 5005 (a.nooral@tecteon.com) Michael Padley/Susan Scott, Bankside Consultants Tel: 020 7444 4140 Editors' Note About Tecteon PLC Established in mid 2001, with its head office in London, UK, Tecteon PLCdevelops and markets voice enhancement software technologies and algorithmsrunning on a range of DSP platforms. Tecteon technologies provide voice quality,comfort listening and hearing protection in wired and wireless voicecommunication systems, ranging from peripheral devices to telecom infrastructureequipment, examples include: Headsets (call centre, personal, police, pilots,military, fire-fighters), telephony (business, SMEs, residential), switches(PSTN, soft-switches, gateways), digital mobile radios, mobilephones, hands-free kits and AV conferencing units. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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