New Shares in Issue
NEW SHARES IN ISSUE
Suretrack Monitoring Plc announces that it has issued 33,896,000 new ordinary shares of GBP0.01. All newly issued shares will rank pari passu with existing shares. 30,000,000 shares have been issued to an existing shareholder, Manly Holdings Limited at GBP0.01 per share raising £300,000.
Prior to this issue of shares, Manly Holdings Limited, the beneficial shareholder of which is David Boothman, owned 10,258,667 equal to a 4% interest in the Company. Subsequent to this issue of shares, Manly Holdings Limited now owns 40,258,667 ordinary shares equal to 14.4% of the enlarged issued share capital of the Company.
The Company intends to use the funds raised to continue its business expansion through the launch of its new product, the Sure-track MT2, which is expected to be launched 15 June 2008.
The Company will further utilise the monies raised for sales and marketing purposes to promote the development of new and existing products in the UK and in turn, to promote its expansion plans into Europe.
The remaining 3,896,000 ordinary shares have been issued to Matthew Thompson as part remuneration for his services as a Director of the Company.
The total number of shares now in issue is 278,696,000
The Directors of Suretrack Monitoring Plc accept responsibility for this announcement.
For further information:
SURETRACK MONITORING PLC
Will Hirons, CEO
will@Sure-track.co.uk +44 (0)1926 863 630
CAPITAL PARTNER GROUP LTD
Claudio Rojas +44 (0)207-7482215
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