Issue of Equity
03 Marzo 2009 - 3:01AM
UK Regulatory
TIDMSDKK
RNS Number : 2035O
Secure Design KK
03 March 2009
FOR IMMEDIATE RELEASE03 March 2009
Secure Design KK
Issue of equity
Secure Design KK ("Secure Design" or the "Company"), the Japanese developer of
biometrics fingerprint authentication technology, announces that the it has
raised a further JPY 42,000,000 (approximately GBP300,751) by way of the issue
of 4,200,000 new ordinary shares (the "New Shares") at a price of JPY 10 per
share (approximately 7.16p per share) (the "Subscription"), to provide
additional working capital for the Company. The Public Notice to shareholders
has been released today and admission to trading on AIM is expected to be on
[9 March 2009].
Japan Mergers Capital, Inc is subscribing for 1,200,000 new ordinary shares
giving them a beneficial interest in 2,200,000 ordinary shares being 3.43 per
cent. of the total issued ordinary share capital of the Company.
Maldives FCL Investment, Inc is subscribing for 3,000,000 new ordinary shares
giving them a beneficial interest in 6,500,000 ordinary shares being 10.13 per
cent of the total issued ordinary share capital of the Company.
Upon admission the total number of ordinary shares in issue will be 64,183,821.
Exchange Rate Used 1GBP:139.65 JPY
For further information, please contact:
Secure Design KK
Taketoshi KashiwabaraJapan +81-3-5652 -0321
(Chairman)
Toshiya KuritaJapan +81-3-5652 -0321
(Chief Financial Controller)
Charles Stanley Securities +44
(0) 20 7149 6000
Nominated Adviser
Russell Cook / Freddy Crossley
Cubitt Consulting
+44 (0) 20 7367 5100
Brian Coleman-Smith / James Verstringhe
Background Note on Secure Design
On 14 July 2006, Secure Design was the first Japanese company to be admitted to
trading on AIM. It offers fingerprint authentication products to companies
and individuals that wish to establish high levels of security using biometrics.
Biometrics uses a physical attribute of the body, such as a fingerprint to
identify and verify the individual with the aim of making individual
authentication efficient and secure.
The Company offers a range of fingerprint authentication products and systems,
from an integrated system to a mobile device. The Company designs and outsources
the production of these products and can tailor them to individual client
specific needs and applications.
Biometric applications provide convenient and reliable security which reduces
the cost associated with the failure of conventional authentication methods. The
principal factor which distinguishes biometrics from conventional password based
authentication is the enhanced security level it provides while maintaining the
privacy of individual users.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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