SPDG Technologies Plc
SPDG Technologies Plc: SPDG Technologies plc – £1,999,919 Placement
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SPDG Technologies plc – £1,999,919 Placement
10 May 2006
Press Release
SPDG TECHNOLOGIES PLC (“THE COMPANY”)
The board of SPDG Technologies plc (“The Company, OFEX: SPDG”) is pleased
to announce that they have entered into a contract with Navigator
Investments Ltd under the terms of which, upon completion of a series of
share purchases, Navigator will acquire (pursuant to the agreement)
10,330,159 ordinary shares in the Company at an average price of £0.1936
per ordinary share, for a total of £1,999,919.
These proceeds will be used to further the Company’s investment in its
various technologies around the world.
“This placement will further assist the Company in developing its business
plan and hasten the completion of a number of these projects” Mr Michael
Cunningham (CEO) said.
(c)DGAP 10.05.2006
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Language: English
Issuer: SPDG Technologies Plc
The Coach House, 9 Main Street
LA6 2AQ UK Kirkby Lonsdale, Cumbria Großbritannien
Phone: +44 15242 72315
Fax: +44 15242 72902
email: am@spdg.co.uk
WWW: www.spdg.co.uk
ISIN: GB00B0PHS016
WKN: A0JEQ5
indices:
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