Eleco PLC Issue of Equity (5612P)
August 19 2014 - 12:03PM
UK Regulatory
TIDMELCO
RNS Number : 5612P
Eleco PLC
19 August 2014
ELECO plc
("Eleco" or the "Company")
Issue of Equity
The Company announces that it has entered into an agreement with
a private investor to subscribe for 1,000,000 ordinary shares of
10p each in the Company at a price of 20.75p per ordinary share,
conditional on Admission (defined below). The subscription is in
accordance with allotment authorities granted by Shareholders at
the Company's Annual General Meeting on 30 June 2014.
Accordingly, an application has been made for 1,000,000 ordinary
of 10p each to be admitted to trading on AIM ("Admission"). It is
expected that Admission will occur at 8.00 a.m. on 21 August 2014.
Following Admission, the Company's issued share capital will
consist of 74,864,627 ordinary shares of 10p each. The above figure
of 74,864,627 may be used by shareholders 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
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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