Strat Aero PLC Notice of General Meeting (1098W)
February 06 2017 - 5:30AM
UK Regulatory
TIDMAERO
RNS Number : 1098W
Strat Aero PLC
06 February 2017
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support
Services
6 February 2017
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Notice of General Meeting
The Board of Strat Aero PLC herby notifies the shareholders of
the Company that the planned General Meeting ('GM') of Strat Aero
PLC, scheduled to be held on 17 February 2017, is cancelled and the
proposed resolutions will be withdrawn and not put to shareholders.
The Company has revised the proposed resolutions on the agenda of
the GM and a new Notice of GM has been sent to shareholders with
the revised time and date for the new GM. The replacement Notice
will also be available to download from the Company's website at
www.strat-aero.com.
The General Meeting will now take place on 21 February 2017 at
10:00 a.m. at the offices of Hill Dickinson, 8th Floor, The
Broadgate Tower, 20 Primrose Street, London EC2A 2EW.
The revised resolutions that will be put to shareholders relate
to the Board seeking the authority to increase the available
headroom to issue ordinary shares. The original resolution proposed
raising the allowable limit for the Directors to allot equity
securities up to an aggregate nominal amount of GBP760,000, however
the authority to issue shares would be substantially depleted
should the warrants associated with prior fundraisings be
exercised. To increase financing flexibility, the Directors are now
seeking to increase this limit to GBP5 million.
- ENDS -
For further information please visit www.strat-aero.com or
contact:
Strat Aero plc Tel: +44 (0) 1293 804741
Graham Peck (Chairman)
SP Angel Corporate Finance LLP Tel: +44 (0) 20 3470
0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Jeff Keating
Beaufort Securities Limited Tel: +44 (0) 20 7382
8300
Joint Broker
Elliot Hance
Cornhill Capital Ltd Tel: +44 (0) 20 7710
9610
Joint Broker
Colin Rowbury
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
Financial PR
Frank Buhagiar
Susie Geliher
Notes
Strat Aero plc is a multi-divisional international aerospace
services company, focussed primarily on the provision of complete
client solutions in the Unmanned Aerial System ('UAS' market),
which is predicted to show exponential growth over the coming
decade. Commercial and military applications in UASs are expected
to be a dynamic growth sector in the aerospace industry over the
next 10 years with the UAS market forecast to grow to more than
US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013)
and the global airborne Intelligence, Surveillance and
Reconnaissance ('ISR') market estimated to grow to US$19.23 billion
by 2023.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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