APC Technology Group PLC Share subscription and director dealing (4755F)
May 18 2017 - 2:00AM
UK Regulatory
TIDMAPC
RNS Number : 4755F
APC Technology Group PLC
18 May 2017
18 May 2017
APC Technology Group PLC
("APC" or the "Company")
Share subscription and issue of new shares and director's
dealing
APC Technology Group PLC (AIM: APC), the provider of design-in,
specification and distribution services for specialist electronic
components and systems, lighting technologies and connectivity
products, announces that three parties have subscribed for new
ordinary shares of 2 pence each in the capital of the Company (the
"Ordinary Shares") at a price of 6.75 pence per share as
follows:
Rockridge Investments, an existing shareholder in the Company,
has subscribed for 2,962,963 Ordinary Shares, for a subscription
value of GBP200,000. Following this subscription, its total holding
in the Company's shares is expected to be approximately 15.36m
shares, representing 11.39% of the enlarged issued share
capital.
Robert Holt, an existing shareholder in the Company, has
subscribed for 100,000 Ordinary Shares, for a subscription value of
GBP6,750. Following this subscription, Mr Holt's total holding in
the Company's shares is expected to be 4.1m shares, representing
3.04% of the enlarged issued share capital.
Tony Lochery, Chairman of the Company, has subscribed for
640,741 Ordinary Shares, for a subscription value of GBP43,250.
Following this subscription, Mr Lochery's total holding in the
Company's shares will be 2,122,222 shares, representing 1.57% of
the enlarged issued share capital.
The Company will also issue 370,370 Ordinary Shares at 6.75
pence per share in settlement of professional fees.
A total of 4,074,074 new Ordinary Shares (the "New Ordinary
Shares") will therefore be issued. The proceeds of the cash
subscription will be used to augment the Group's working capital
resources.
The above share issues are conditional on the admission of the
New Ordinary Shares to trading on AIM ("Admission"). Application
has been made to the London Stock Exchange plc for Admission to
become effective and dealings in the New Ordinary Shares to
commence at 8.00 a.m. on or around 23 May 2017.
The Company also announces that, following this cash
subscription, ABN Commercial Finance will extend the working
capital facilities that it provides to the Company to complement
this equity investment and to further support growth.
Total Voting Rights
Following the issue of the New Ordinary Shares, the total issued
ordinary share capital of the Company will comprise 134,912,990
Ordinary Shares, each carrying the right to one vote. The New
Ordinary Shares will be fully paid and will rank pari passu in all
respects with the Group's existing Ordinary Shares.
The Company does not hold any Ordinary Shares in treasury and,
therefore, the above figure may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
Enquiries:
APC Technology Group PLC +44 (0) 330 313 3220
Richard Hodgson, Chief Executive www.apcplc.com
Michael Thompson, Finance Director
Stockdale Securities Limited (Nominated Adviser and Broker) +44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
END
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