QTR Quiktrak

RNS Number:5530A
QuikTrak Networks PLC
06 July 2004


6 July 2004


PLACING OF 56,430,004 ORDINARY SHARES AND EXTRAORDINARY GENERAL MEETING


QuikTrak Networks plc announces that the resolution put to shareholders at this
morning's EGM was passed and that accordingly the directors are authorised to
allot up to a further 100 million ordinary shares on a non-preemptive basis.


The Company has placed 56,430,004 ordinary shares at 1.5p per share, conditional
upon the passing of this resolution, and application will now be sought for
these shares to be admitted to trading on AIM, raising approximately #790,000,
net of expenses for the Company.


Chris Kyriakou
Chairman


For further information contact:


Annie Richards          QuikTrak Networks plc               Tel:  0870 010 6044

Hugh Oram               Nabarro Wells & Co Ltd              Tel:  020 7710 7400


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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