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.
Charging, Tolling & RUC

Related Content

  • Q-Free wins two US tolling contracts
    March 1, 2018
    Norwegian supplier of ITS products Q-Free Open Roads (Q-Free) has been chosen as a sub- contractor for two US tolling projects in Washington and San Diego, valued $4.4m (£3.1m). These deals also include five year maintenance agreements and work will begin immediately. Håkon Volldal, president and CEO of Q-Free Asa, said: "We are pleased to see continued growth of our industry-leading image based solutions in North America. These two contracts clearly demonstrate our competitiveness in the market and build
    Read More
  • Q-Free to supply toll tags to Thailand
    February 13, 2014
    The Expressway Authorities of Thailand (EXAT), which constructs, maintains, and manages the country's expressways and public transportation infrastructure, has placed a US$5.6 million order with Q-Free for delivery of tags. The order will be delivered between now and the end of the second quarter 2014. “This significant order is further positioning Q-Free as a major supplier of products to the fast growing tolling market in Thailand. New road infrastructure creates demands for further tolling systems and
    Read More
  • Q-Free reorganises, becomes full ITS supplier
    December 7, 2015
    Q-Free’s management is taking the next steps decided to move the company from a road user charging supplier to a fully-integrated ITS company. Over the last few years, Q-Free has acquired eight companies in order to broaden its technology and customer base. To maximise the potential of these assets the company plans further streamlining and reduction of fixed costs and investment, including organisational changes, reduction in the management team and organisation, and optimisation of investments in sales
    Read More
  • Australian tolling industry debates tag replacement
    June 11, 2014
    Australia’s 2014 National Electronic Tolling Conference (NeTC) inspired lively debate among the 130 delegates about tackling the need to replace seven-plus million tolling tags that are reaching the end of their life. In his opening address, Australian Toll Road Users’ Group Chair Rex Wright said the industry was potentially facing a US$94 million bill over the next five years to replace old tags. As Australian tolling authorities operate a harmonious national tag system, all toll operators are committed
    Read More

Highlighted Content