NTX Nxt

 

TIDMNTX 
 
RNS Number : 7422C 
NXT PLC 
19 November 2009 
 

19 November 2009 
NXT plc ("NXT" or the "Company") 
Placing 
NXT plc, a provider of unique sound solutions, best known for its flat panel 
loudspeaker technology, has today raised approximately GBP0.2 million (before 
expenses) through a placing of 1.3 million new ordinary shares of 1 pence each 
at a placing price of 15.5 pence per share. 
The Company has raised sufficient funds to finance the consideration for the 
Immersion licence announced separately today, by placing shares with an 
Institutional Investor. 
The placing was undertaken pursuant to a resolution of the shareholders at the 
Company's Annual General Meeting in November 2008 which approved the 
disapplication of shareholders' pre-emption rights in relation to the issue of 
equity securities up to an aggregate nominal amount of GBP71,802.11. 
Application has been made to the Financial Services Authority for the new 
ordinary shares to be admitted to the Official List and to the London Stock 
Exchange for the new ordinary shares to be admitted to trading on the London 
Stock Exchange's main market for listed securities.  The placing is conditional 
upon admission, which is expected to become effective, and dealings in the new 
ordinary shares will commence at 8.00 am on 25 November 2009.  The placing 
shares will, when issued, rank pari passu in all respects with the existing 
ordinary shares. 
For further information, please contact: 
+-------------------------------------+-------------------------------------+ 
| NXT plc                             | + 44 (0)1223 597 840                | 
| Peter Thoms, Chief Executive        |                                     | 
+-------------------------------------+-------------------------------------+ 
 
Singer Capital Markets 
+-----------------------------------------+-----------------------------------------+ 
| Shaun Dobson / Claes Spang              | + 44 (0) 20 3205 7626                   | 
+-----------------------------------------+-----------------------------------------+ 
 
Media enquiries: 
Allerton Communications 
+-----------------------------------------+-----------------------------------------+ 
| Peter Curtain                           | +44 (0) 20 3137 2500                    | 
+-----------------------------------------+-----------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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