Elecosoft PLC Amendment to Result of Scrip Dividend (2170N)

TIDMELCO

RNS Number : 2170N

Elecosoft PLC

07 August 2017

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Amendment to Result of Scrip Dividend

and Issue of Equity

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the announcement of 25 May 2017, regarding the successful scrip allotment pursuant to the Scrip Dividend, it has been established that a small number of shareholders elections for scrip were incorrectly processed.

Having reported that final valid elections for the scrip dividend alternative in respect of 22,392,783 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"), following the confirmation of an error this figure has been corrected to 22,861,283.

Accordingly, based on the previously announced reference price of 38.95p per share and the interim dividend of 0.25p per share, a total of 143,715 new ordinary shares of 1p each were allotted by the Company ("New Ordinary Shares") to shareholders who elected to receive the scrip dividend alternative. This figure has now been revised to 146,721 with an additional 3,006 shares.

Application has been made for the 3,006 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 11 August 2017. Following Admission, Elecosoft will have 77,236,071 Ordinary Shares. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 77,236,071.

 
 For further information please 
  contact: 
 
 Elecosoft plc                         www.elecosoft.com 
  JHB Ketteley , Executive Chairman     Tel: 0203 857 5210 
  David Pearson, Finance Director 
 
 
 finnCap Ltd 
 Adrian Hargrave / Kate Bannatyne      Tel: 0207 220 0500 
  (Corporate Finance) 
  Camille Gochez (Corporate Broking) 
 
 Redleaf Communications 
 Elisabeth Cowell / David Ison         Tel: 0207 382 4730 
                                        elecosoft@redleafpr.com

About Elecosoft plc

Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.

For more information, please visit www.elecosoft.com

This information is provided by RNS

The company news service from the London Stock Exchange

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