36.4 MILLION YEN FUND RAISING


 

TIDMBGTI 
 
RNS Number : 1703Y 
BgenuineTec Inc. 
28 August 2009 
 

FOR IMMEDIATE RELEASE 
28 August 2009 
BgenuineTec Inc 
(AIM: BGTI) 
("BgenuineTec" or "the Company") 
 
 
36.4 MILLION YEN FUND RAISING 
 
 
BgenuineTec, the Japanese developer of biometrics fingerprint authentication 
technology, announces that it has raised JPY 36.4 million (approximately 
GBP240,169) through the issue of 5.2 million new ordinary shares at a price of 
JPY 7 per share (approximately 4.6p per share) to provide additional working 
capital for the Company. The Public Notice to shareholders has been released 
today and admission to trading on AIM is expected to be on 3 September 2009. 
Japan Mergers Capital, Inc is subscribing for 1.6 million new ordinary shares 
giving them a beneficial interest in 6.3 million ordinary shares being 8.62 per 
cent. of the total issued ordinary share capital of the Company. 
Taketoshi Kashiwabara, the Chairman of BgenunieTec, is subscribing for 3.6 
million new ordinary shares and, therefore, the subscription is, under Rule 13 
of the AIM Rules, a related party transaction. The Directors, with the exception 
of Mr Kashiwabara, consider, having consulted with its nominated adviser Charles 
Stanley Securities, that the terms of the transaction are fair and reasonable 
insofar as its shareholders are concerned. 
Following approval and admission Mr Kashiwabara will have a beneficial interest 
in 39,859,285 ordinary shares being 52.88 per cent of the total issued ordinary 
share capital of the Company. 
Upon admission the total number of ordinary shares in issue will be 78,383,821. 
Exchange Rate Used 1GBP: 151.56 JPY 
  For further information, please contact: 
 
 
BgenuineTec Inc 
Taketoshi KashiwabaraJapan    +81-3-5652 -0321 
(Chairman) 
Toshiya KuritaJapan               +81-3-5652 -0321 
(Chief Financial Controller) 
 
 
Charles Stanley Securities    +44 (0) 20 7149 6000 
Nominated Adviser 
Russell Cook / Freddy Crossley 
 
 
Cubitt Consulting                 +44 (0) 20 7367 5100 
Brian Coleman-Smith / James Verstringhe 
 
 
Background Note on BgenuineTec Inc. 
 
 
On 14 July 2006, BgenuineTec Inc.(AIM; BGTI) was the first Japanese company to 
be admitted to trading on AIM. It offers fingerprint authentication products to 
companies and individuals that wish to establish high levels of security using 
biometrics. Biometrics uses a physical attribute of the body, such as a 
fingerprint to identify and verify the individual with the aim of making 
individual authentication efficient and secure. 
 
 
The Company offers a range of fingerprint authentication products and systems, 
from an integrated system to a mobile device. The Company designs and outsources 
the production of these products and can tailor them to individual client 
specific needs and applications. 
 
 
Biometric applications provide convenient and reliable security which reduces 
the cost associated with the failure of conventional authentication methods. The 
principal factor which distinguishes biometrics from conventional password based 
authentication is the enhanced security level it provides while maintaining the 
privacy of individual users. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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