Strat Aero PLC Exercise of Warrants & Issue of Equity (3678C)
January 19 2018 - 4:00AM
UK Regulatory
TIDMAERO
RNS Number : 3678C
Strat Aero PLC
19 January 2018
Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support
Services
19 January 2018
Strat Aero plc ("Strat Aero", the "Company" or the "Group")
Exercise of Warrants and Issue of Equity
Strat Aero plc, an international aerospace company focused on
the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, has
issued 35,714,286 New Ordinary Shares of 0.01p each ("Ordinary
Shares") as a result of an exercise of 35,714,286 warrants
exercisable at 0.035p each (the "Warrant Shares").
Application will be made for the Warrant Shares, which will rank
pari passu with the existing Ordinary Shares in the Company, to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and dealings will commence at 8:00
a.m. on 24 January 2018.
Following the issue of the Warrant Shares, the issued share
capital of the Company will consist of 5,283,527,710 Ordinary
Shares. No shares were held in treasury at the date of this
announcement. The total current voting rights in the Company are
therefore 5,283,527,710.
**ENDS**
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please visit www.strat-aero.com or
contact:
Strat Aero plc Tel: +44 (0) 1293
804741
----------------------------- ---------------------
Graham Peck (Chairman)
----------------------------- ---------------------
SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
----------------------------- ---------------------
Nominated Adviser and Joint
Broker
----------------------------- ---------------------
Stuart Gledhill
Jeff Keating
Caroline Rowe
----------------------------- ---------------------
Peterhouse Corporate Finance Tel: +44 (0) 20 7469
0930
----------------------------- ---------------------
Lucy Williams
Fungai Ndoro
----------------------------- ---------------------
St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
----------------------------- ---------------------
Financial PR
Susie Geliher
Frank Buhagiar
----------------------------- ---------------------
Notes
Strat Aero plc is a multi-divisional international aerospace
services company, focused primarily on the provision of complete
client solutions in the Unmanned Aerial System ('UAS' market),
which is predicted to show exponential growth over the coming
decade. Commercial and military applications in UASs are expected
to be a dynamic growth sector in the aerospace industry over the
next 10 years with the UAS market forecast to grow to more than
US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013)
and the global airborne Intelligence, Surveillance and
Reconnaissance ('ISR') market estimated to grow to US$19.23 billion
by 2023.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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