2nd Mar 2007 14:11
Future Internet Technologies PLC02 March 2007 2 March 2007 Statement re Share Price Movement The Board of Future Internet Technologies plc ("FIT" or the "Company") notes therecent increase in the Company's share price. Today, the Company received notification that, on 1 March 2007, Cold InvestmentsLimited ("Cold") acquired further voting rights in the Company, taking its stakein FIT to 21 per cent. An announcement to this effect has been made by theCompany today. As set out in the Company's admission document dated 13 December2006, Cold is a counterparty to a number of Contract For Difference ("CFD")positions in FIT. Following discussions with Cold, the Board confirms that therecent increases in Cold's stake are largely a result of CFD positions beingunwound into physical holdings which requires the announcement of an increase invoting rights. The Board remains pleased with the progress it continues to make in executingthe strategy set out in its admission document and expects to release itsinterim results on the 21 March 2007 when it will provide a further update, inaccordance with the normal course of business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ARTA.L