Issue of Equity

3rd Apr 2007 11:24

Traction Technology PLC03 April 2007 FOR IMMEDIATE RELEASE 3 April 2007 TRACTION TECHNOLOGY PLC ("Traction" or "the Company") Issue of Equity to Adviser The Company announces that pursuant to the agreement which was referred to inthe Admission Document of 18 December 2006, 71,428 new ordinary shares of 3peach ("the Adviser Shares") will be issued to satisfy £20,000 of the corporatefinance fee payable to Beaumont Cornish Limited. The Adviser Shares will rank, pari passu, with all existing ordinary shares andapplication has been made for them to be admitted to trading on AIM. Contact: Nicholas Brayshaw, Chairman, Traction Technology Plc +44 (0) 1403 791392 Roland Cornish, Beaumont Cornish Limited + 44 (0) 207 628 3396 This information is provided by RNS The company news service from the London Stock Exchange

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Related Shares:

T42 Iot Track.