Starcom PLC Issue of Equity (5640D)
27 April 2017 - 10:00PM
UK Regulatory
TIDMSTAR
RNS Number : 5640D
Starcom PLC
27 April 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 5,007,037 new Ordinary Shares of no
par value ("the New Shares").
4,460,304 of the New Shares were issued at a price of 1.75p per
share in respect of the conversion of the Founder Shareholders'
Loan of $100,000 as proposed in the Company's recent Chairman's
Statement, and 546,733 of the New Shares were issued at a price of
1.5p per share in respect of the exercise of options granted to
Northland Capital Partners Limited in connection with the Company's
placing in March 2016.
Following the issue of the New Shares, the Directors and
co-founders will have the following interests in the Ordinary
Shares of the Company:
Existing New Shares Enlarged % of
shareholding shareholding voting
rights
-------------------- -------------- ----------- -------------- --------
Avi Hartmann 20,711,168 1,486,768 22,197,936 14.06
-------------------- -------------- ----------- -------------- --------
Avi Engel 498,334 - 498,334 0.32
-------------------- -------------- ----------- -------------- --------
Michael Rosenberg* 1,395,000 - 1,395,000 0.88
-------------------- -------------- ----------- -------------- --------
Uri Hartman 22,111,166 1,486,768 23,597,934 14.95
-------------------- -------------- ----------- -------------- --------
Doron Kedem 22,111,166 1,487,768 23,597,934 14.95
-------------------- -------------- ----------- -------------- --------
* Mr Rosenberg's shares are held through his personal pension
plan of which he is the sole beneficiary.
Application has been made for the New Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur on or
around 3 May 2017.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 157,837,717 Ordinary Shares. The Company does not
hold any shares in treasury. Therefore, the total number of
Ordinary Shares with voting rights will be 157,837,717. 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 announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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