Octagonal PLC Issue of Equity (9367G)
02 June 2017 - 4:00PM
UK Regulatory
TIDMOCT
RNS Number : 9367G
Octagonal PLC
02 June 2017
For immediate release
2 June 2017
Octagonal plc
("Octagonal" or the "Company")
Issue of Shares
Octagonal Plc, announces that it has today issued 2,000,000
ordinary shares of 0.05p each (the "Ordinary Shares") to a former
employee of the Group in connection with the settlement of a
compromise agreement. As at the closing price on 1 June 2017, this
equates to GBP46,000 worth of Ordinary Shares.
A new application has been made for the 2,000,000 Ordinary
Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will occur on or about 8 June 2017. The
shares will rank pari passu in all respects with the existing
Ordinary Shares of the Company.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 562,226,886 Ordinary Shares. The Company does not
hold any shares in treasury. This figure of 562,226,886 Ordinary
Shares 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.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please visit www.octagonalplc.com or
contact:
+44 (0) 20
Octagonal Plc 7048 9400
John Gunn, CEO
Beaumont Cornish Limited (Nominated
Adviser and Broker) +44 (0) 20
James Biddle / Roland Cornish 7628 3396
www.beaumontcornish.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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