RNS Number:3620S
Deltron Electronics PLC
21 November 2003


                            Deltron Electronics plc
                                        
                              Results of Open Offer


On 28 October 2003, Deltron Electronics plc (the "Company") announced a Placing
and Open Offer ("the Issue") of a total of 11,620,572 new ordinary shares of 5p
each ("New Ordinary Shares") at 60 pence each to raise approximately #7 million
(before expenses). Qualifying Shareholders were invited to participate in the
Issue by way of the Open Offer and to apply for up to 2,453,906 of these New
Ordinary Shares ("Open Offer Shares") on the basis of 1 Open Offer Share for
every 12 Ordinary Shares held on the Record Date and so in proportion for any
greater number of Ordinary Shares then held.


The latest time for receipt of completed Application Forms and payment in full
in respect of the Open Offer was 3.00 p.m. on 20 November 2003. Of the total of
2,453,906 New Ordinary Shares being issued under the Open Offer, 294,783 New
Ordinary Shares were pre-placed firm with institutions and the balance of
2,159,123 were conditionally placed subject to clawback to satisfy valid
acceptances under the Open Offer. Of these shares, valid applications have been
received by Qualifying Shareholders in respect of * New Ordinary Shares,
representing * per cent. of those shares conditionally placed subject to
clawback and * per cent. of the total New Ordinary Shares being issued under the
Open Offer. The remaining * New Ordinary Shares, being those not taken up by
Qualifying Shareholders, will be taken up by those institutions with whom they
were conditionally placed.


The Issue remains subject to shareholder approval, the resolutions for which
will be proposed at an Extraordinary General Meeting of the Company to be held
on 25 November 2003 at 11.00 a.m.


Assuming that shareholder approval is obtained it is expected that dealings in
the New Ordinary Shares on the London Stock Exchange will commence on 8.00 a.m.
on 26 November 2003, following their admission to the Official List of the UK
Listing Authority and to trading on the market for listed securities of the
London Stock Exchange, for which applications have been made. CREST stock
accounts are expected to be credited on 26 November 2003 in respect of New
Ordinary shares to be held in uncertificated form and definitive share
certificates in respect of New Ordinary Shares to be held in certificated form
are expected to be posted, where applicable, by 28 December 2003.


Unless the context provides otherwise, words and expressions defined in the
circular to shareholders of the Company dated 28 October 2003 shall have the
same meanings in this announcement.


21 November 2003

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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