Eleco PLC Result of General Meeting and Issue of Shares (8990L)
July 09 2014 - 10:50AM
UK Regulatory
TIDMELCO
RNS Number : 8990L
Eleco PLC
09 July 2014
Eleco plc
("Eleco" or the "Company")
Result of General Meeting and Issue of Shares
The Company announces that at its General Meeting held today,
the Resolution put to Shareholders was duly passed. Accordingly, an
application has been made for 10,177,983 ordinary shares of 10
pence each ("New Ordinary Shares") to be admitted to trading on AIM
("Admission") in order to satisfy subscriptions received by the
Company, as detailed in the circular sent to Shareholders on 23
June 2014 (the "Circular").
Following Admission, directors John Ketteley and Jonathan Cohen
who subscribed for 626,505 and 48,192 ordinary shares respectively,
will hold 9,049,760 and 166,400 ordinary shares in the Company
respectively. Furthermore, Non-Executive Directors Jonathan Edwards
and Jonathan Cohen have subscribed for 62,500 and 121,950 ordinary
shares as part of the excess subscription at the subscription price
of 20.75 pence per share and following Admission, will hold 112,500
and 288,350 ordinary shares in the Company respectively.
It is intended that an additional application will be made for
new ordinary shares to be admitted to trading on AIM to satisfy
further subscriptions within the Company's authorities as granted
at the General Meeting today. The relevant announcement will be
made in due course.
It is expected that Admission will occur at 8.00 a.m. on 10 July
2014. Following Admission, the Company's issued share capital will
consist of 73,909,627 ordinary shares of 10 pence each. 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 to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
9 July 2014
Enquiries:
For further information please
contact:
Eleco plc http://www.eleco.com
John Ketteley, Executive Chairman Tel: 0207 422 0044
Peckwater PR
Tarquin Edwards Tel: 07879 458 364 / 0207 808
7340
Cenkos Securities plc
Nicholas Wells Tel: 0207 397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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