Starcom PLC Issue of Equity (5144F)
May 18 2017 - 2:39AM
UK Regulatory
TIDMSTAR
RNS Number : 5144F
Starcom PLC
18 May 2017
Starcom Plc
("Starcom" or "the Company")
Issue of equity
Starcom (AIM: STAR), which specialises in the development of
wireless solutions for the remote tracking, monitoring and
protection of a variety of assets and people, announces that it has
issued and allotted a total of 2,700,000 new Ordinary Shares of no
par value ("the New Shares") at 2p per share to one of the
Company's long term component suppliers in part settlement of its
account with the Company. The shares were issued at the request of
the supplier and the Company understands that the supplier has no
present intention of selling these shares and will hold them as an
investment.
Application has been made for the New Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur on or
around 23 May 2017.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 160,537,717 Ordinary Shares. The Company does not
hold any shares in treasury. Therefore, the total number of
Ordinary Shares with voting rights will be 160,537,717. This figure
may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
-ends-
For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5430 70103
+972 3619 9901
Northland Capital (Nomad and Broker) 020 3861 6625
Edward Hutton / David Hignell (Corporate Finance)
John Howes (Sales and Broking)
Peterhouse Corporate Finance (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR) 020 7520 9267
Christian Taylor-Wilkinson 07795 168 157
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 18, 2017 02:39 ET (06:39 GMT)
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