News
First Day of Dealings
01 June 2007
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"). Nomura Code Securities Limited (“Nomura Code”) is acting as Nominated Adviser and both Nomura Code and Jefferies International Limited (“Jefferies”) are acting as joint brokers to the Company. The market EPIC is TYR.
Admission to trading follows a Placing of the Company's Ordinary Shares, which raised £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 the Placing 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 Capital | 22.73% |
| 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) |
| TyraTech Inc. Alan Reade, Executive Chairman www.tyratech.com |
1 (321) 409 - 7720 |
| Nomura Code Securities | |
| Charles Walker | Tel: +44 (0) 20 7776 1200 |
| www.nomuracode.com | |
| Jefferies International Limited | |
| Jack Pryde | Tel: +44 (0) 20 7618 3500 |
| www.jefferies.com |
Media enquiries:
Abchurch |
|
| Heather Salmond | Tel: +44 (0) 20 7398 7700 |
| heather.salmond@abchurch-group.com | |
| Gareth Mead | |
| gareth.mead@abchurch-group.com | |
| Stephanie Cuthbert | |
| stephanie.cuthbert@abchurch-group.com | www.abchurch-group.com |
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