1st Jun 2007 08:00
TyraTech, Inc.01 June 2007 These written materials are not for distribution (directly or indirectly) in orto the United States, Canada, Australia or Japan. They are not an offer ofsecurities for sale in or into the United States, Canada, Australia or Japan. The securities described herein have not been, and will not be registered underthe U.S. Securities Act of 1933, as amended (the "Securities Act"), or any statesecurities laws. They may not be offered or sold in the United States, exceptin transactions not subject to or exempt from, the registration requirements ofthe Securities Act and applicable state laws. The Company does not intend toregister any portion of the Offering in the United States or to conduct a publicoffering of securities in the United States. No money, securities or otherconsideration is being solicited and, if sent in response to the informationcontained herein, will not be accepted." Press Release 1 June 2007 TyraTech Inc. ("TyraTech" or "the Company") First Day of Dealings TyraTech today announces the first day of trading of its Ordinary Shares on AIM,the market owned and operated by the London Stock Exchange plc ("AIM"). NomuraCode Securities Limited ("Nomura Code") is acting as Nominated Adviser and bothNomura Code and Jefferies International Limited ("Jefferies") are acting asjoint brokers to the Company. The market EPIC is TYR. Admission to trading follows a Placing of the Company's Ordinary Shares, whichraised £25 million before expenses at the Placing Price of 500 pence per share.The Company will have a market capitalisation of £110 million based on thePlacing price. Placing and Admission Statistics Placing price per share £5.00 Number of New Common Shares issued by the Company in the Placing 5,000,000 New Common Shares as a percentage of the Enlarged Issued Share 22.73% Capital Number of Common Shares in issue immediately following Admission 22,000,022 Market capitalisation at the Placing Price £110 million ($219 million) Gross proceeds of the Placing receivable by the Company £25 million ($49.7million) Estimated net proceeds of the Placing receivable by the Company £22.2 million ($44.1 million) For further information: TyraTech Inc. Douglas Armstrong PhD, Chief Executive Officer Tel: +1 (321) 409 7403 www.tyratech.comNomura Code Securities Charles Walker Tel: +44 (0) 20 7776 1200 www.nomuracode.comJefferies International Limited Jack Pryde Tel: +44 (0) 20 7618 3500 www.jefferies.com Media enquiries: Abchurch Heather Salmond Tel: +44 (0) 20 7398 [email protected] Gareth [email protected] Stephanie [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tyratech