TradeLabs Plc
LSE : TLAP

September 28, 2009 04:01 ET

Trading Update

                                                   
                                                                                          JE00B3FMYW12
                                                                                     28 September 2009
                                                   
                                             TradeLabs PLC
                                                   
                                    ("TradeLabs" or the "Company")
                                                                                                      
                                            Trading Update
                                                   
The  Board  of  Directors of TradeLabs, the PLUS-quoted (PLUS:TLAP) algorithmic  trading  company,  is
pleased to announce a trading update for the period from 1 April 2009 to 30 June 2009, being the first
quarter of the Company's financial year.

The  Chairman's statement, published with the Company's audited final results to 31st March 2009, drew
attention to the Company's change of domicile, which took place at the beginning of the first  quarter
of  the  Company's financial year. During this period, the Company's proprietary trading and  research
and  development programme went on hold, leaving the algorithm subscriptions as the only income, which
amounted to GBP 305,201.

The  Board  is  pleased  to  confirm that the proprietary trading desk is now  fully  operational  and
generating profit.

In  future, the Company intends to provide quarterly trading updates to the market. The next statement
to  shareholders  and  the  market will be the Company's interim results for  the  six  months  to  30
September 2009.  These figures will be audited and are expected to be released in October this year.

On  18  September  2009,  the  Board  announced the acquisition of Asher  Investments  Pte  Ltd.  This
transaction  was completed on 25 September 2009. As a result, 2,741,025 New Ordinary TradeLabs  shares
have  been  issued  as  consideration and the Company's total issued share capital  has  increased  to
207,791,530.  The  Directors  of TradeLabs continue to hold 165,235,279 representing  79.49%  ordinary
shares, representing 79.53% of the issued share capital.

The Directors of TradeLabs Plc are responsible for the content of this announcement.

Contacts:

TradeLabs Plc
Marcus Yeoman                            +44 (0)7970 028442

Investor Relations
Claire Hocken                            +65 8135 1831

St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl               +44 (0)207 368 6959

Contact Information

  • TradeLabs Plc