Skip to main content

Q-Free increases share capital

Following the completion of the acquisition of UK company TDC Systems and its Australian sister company, the Board of Directors of Q-Free has approved an increase in the company’s the share capital of US$44,638, which will be carried out by the issuance of 704,037 new shares with a par value of US$0.063.
April 4, 2014 Read time: 1 min
Following the completion of the acquisition of UK company 131 TDC Systems and its Australian sister company, the Board of Directors of 108 Q-Free has approved an increase in the company’s the share capital of US$44,638, which will be carried out by the issuance of 704,037 new shares with a par value of US$0.063.

Related Content

  • Q-Free demonstrates C-ITS in Australia
    May 18, 2017
    Q-Free has demonstrated the vehicle location capabilities of its current range of Cooperative ITS (C-ITS) systems in Australia in tests carried out with Roads and Maritime Services (RMS), the transport authority for News South Wales. Q-Free’s systems gave second-by-second positional information on heavy vehicles manoeuvring at intersections. They demonstrated Q-Free’s C-ITS systems’ ability to provide to-the-lane accuracy and open the way to future C-ITS applications where, for example, drivers need to be w
  • Q-Free wins in Brazil again
    August 16, 2012
    Q-Free has been awarded a new frame agreement for delivery of tolling tags from Centro Gestao Meios de Pagto (CGMP), Brazil's Centro tag distributor, valued at US$12, with a guaranteed volume of just over $4 million.
  • Highways Agency plans to increase capacity of M4
    March 19, 2014
    The UK Highways Agency is holding a series of public exhibitions to inform road users, local residents and businesses about proposals to transform the M4 into one of the longest stretches of ‘smart motorway’ in England by 2021. The improvement, on a 32-mile stretch between junction 3 at Hayes in London, and junction 12 at Theale in Berkshire, would increase capacity, improve journey reliability and maintain safety. The proposals are part of the Government’s investment into England’s motorways and majo
  • Positive outlook for Q-Free
    August 15, 2013
    Q-Free reported revenue of US$25 million for the second quarter 2013, an increase of 29 per cent from the same quarter last year. Operating profit (EBIT) improved to a positive US$51,000 from an operating loss of US$3.8 million in the same period last year. Loss before tax was reduced to US$391,000 from a loss of US$3.9 in the second quarter 2012. The improved earnings mainly reflect changes in the revenue composition, with higher product and service and maintenance revenue.