Last checked at 2 Dec 2014 07:00
2 December 2014
21st Century Technology plc
("21stCentury", "the Company" or "the Group")
Further re Employee Shareholder Plan
21st Century Technology plc (AIM: C21), the specialist service providers of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries, wishes to clarify a particular statement made in its circular dated 28 November 2014:
"To set the Plan in the wider context of the Company's remuneration policy, I draw your attention to the fact that no further/other awards of shares in the Company, or interests in or rights to acquire such shares, are intended to be made to participating executives without a further approval from shareholders."
The Board wishes to confirm, following shareholder queries, that should the Company in the future seek to raise new equity financing, that any new ordinary shares issued (for cash or any other purpose) will be excluded from the Plan without further approval from shareholders. The Board emphasises that it does not have any current plan to raise new equity financing.
A copy of this announcement is available on the Group's website: www.21stplc.com
Enquiries:
21 Century Technology plc | Russ Singleton/Glenn Robinson | Tel: 0844 871 7990 |
finnCap Limited | ||
Nominated Adviser | Julian Blunt/Henrik Persson | Tel: 0207 220 0500 |
Corporate Broking
Media enquiries | Rhys Williams/Malar Velaigam | |
Communications Portfolio | Ariane Comstive/Helen Carpanini | Tel: 07785 922354
|
Notes to editors:
21st Century Technology plc's (AIM: C21) principal activities are the provision of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries. The Group's business model is in transition; from providing individual solutions for the supply and installation of CCTV, telematics and monitoring systems, towards highly integrated on-board technologies with connected & web based back-office software management applications.
The Group is currently preferred suppliers of mobile CCTV to two of the UK's largest bus operators; Arriva UK Bus & First Group UK Bus. It also provides installation, maintenance & support services to Keolis and Arriva in Stockholm, Sweden and is deploying a novel passenger comfort-oriented driver behaviour system to Keolis throughout France.
In the rail sector, 21st Century has also recently gained new customers; including GB Rail Freight and one of the UK's leading train operating companies.
These strengthening client relationships demonstrate the growing adoption of the 21st Century's systems in the bus and rail market, supporting the Group's multi-modal approach to servicing fleet customers throughout the UK and into Continental Europe.
The Group was admitted to trading on AIM in 2005.