Starcom PLC Director/PDMR transaction (7097I)
21 June 2017 - 6:12PM
UK Regulatory
TIDMSTAR
RNS Number : 7097I
Starcom PLC
21 June 2017
21 June 2017
Starcom Plc
("Starcom" or the "Company")
Director/PDMR transaction
Following the announcement released earlier today in relation to
the placing of 43,000,002 new Ordinary Shares (the "Placing
Shares") by the Company (the "Placing"), the Company is pleased to
announce that Michael Rosenberg has now subscribed for 333,334 new
Ordinary Shares of no par value (the "Director Placing Shares") on
the same terms as the Placing.
As a result, the Company has now conditionally raised GBP650,000
by the issue of 43,333,336 new Ordinary Shares. The Placing Shares
and the Director Placing Shares (together the "New Shares")
represent 21.5 per cent. of the enlarged issued share capital of
the Company.
Application for Admission and Block Admission
Application has been made for the New Shares, which will rank
pari passu with the Company's existing Ordinary Shares, to be
admitted to trading on AIM ("Admission"). Application has also been
made for the Block Admission of up to 8,666,667 new Ordinary Shares
of no par value which may be issued pursuant to the exercise of the
Placing Warrants. It is anticipated that Admission and the Block
Admission will become effective at 8.00 am on 26 June 2017.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will comprise 201,171,053 Ordinary Shares. The Company does not
hold any shares in treasury. Therefore, the total number of
Ordinary Shares with voting rights will be 201,171,053. 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 Partners Limited
(Nominated Adviser 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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