Castleton Technology PLC Issue of Equity/Conversion of Loan Notes (6392L)
04 October 2016 - 9:38PM
UK Regulatory
TIDMCTP
RNS Number : 6392L
Castleton Technology PLC
04 October 2016
Castleton Technology plc
("Castleton", the "Group" or the "Company")
Conversion of Loan Notes
Issue of Equity
Castleton Technology plc (AIM: CTP), the software and managed
services provider to the public and not-for-profit sectors,
announces that it has allotted 375,000 new ordinary shares of 2
pence each in the capital of the Company ("Ordinary Shares")
pursuant to the conversion of loan notes held by the vendors of
Opus Information Technology Limited, the provider of software
solutions to the social housing market, which Castleton acquired in
March 2015 (the "Loan Note Shares").
The Loan Note Shares are subject to a 12 month orderly market
agreement. Application has been made for the Loan Note Shares to be
admitted to trading on AIM ("Admission") and dealings are expected
to commence from 8.00am on 10 October 2016.
Following Admission, the total number of Ordinary Shares in
issue will be 78,714,832. This figure should be used by
shareholders as the denominator for the calculations 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 and Transparency Rules.
Enquiries:
Castleton Technology Tel. 44 (0)845
plc 241 0220
Ian Smith, Chief Executive http://www.castletonplc.com
Haywood Chapman, Chief
Financial Officer
finnCap Ltd Tel. +44 (0)20
Jonny Franklin-Adams 7220 0500
/ Simon Hicks
MXC Capital Markets Tel. +44 (0)20
LLP 7965 8149
Marc Young / Charlotte
Stranner
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary
software and managed services to the public and not-for-profit
sectors. The acquisitions of Montal, Documotive, Opus, Keylogic,
Brixx, Impact Applications and Kypera bring together an exceptional
suite of solutions, providing the foundation for this platform.
Castleton works in partnership with its customers and resellers to
help drive efficiencies whilst improving controls and customer
service. www.castletonplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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