LightwaveRF PLC Issue of Equity and Total Voting Rights (8683R)

TIDMLWRF

RNS Number : 8683R

LightwaveRF PLC

31 October 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

31 October 2019

LightwaveRF plc

("LightwaveRF" or the "Company")

Issue of Equity

and

Total Voting Rights

Further to its announcements of 16 August 2019, 20 September 2019 and 7 October 2019 ("Announcements"), LightwaveRF (AIM: LWRF), the leading smart homes solutions provider, announces that application has been made for 936,251 new Ordinary Shares to be admitted to trading on AIM. These shares form part of the 1,880,931 Deferred Settlement Shares, details of which were set out in the Company's circular dated 20 September 2019. Admission is expected to occur at 8.00 a.m. on 1 November 2019 ("Admission").

Following Admission, the Company will have 122,638,766 Ordinary Shares in issue and admitted to trading on AIM. This figure 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company has agreed that settlement be deferred in respect of the remaining 944,680 Deferred Settlement Shares, forming part of the Conditional Subscription. Settlement of the remaining Deferred Settlement Shares is expected by 29 November 2019.

A further announcement relating to the balance of the Deferred Settlement Shares will be made in due course.

This announcement should be read in conjunction with the Announcements and the full text of the Circular dated 20 September 2019, copies of which are available on the Company's website at www.lightwaverf.com. Capitalised terms in this announcement have the same meaning as given in the Circular.

For further enquiries please contact:

 
 LightwaveRF plc                  www.LightwaveRF.com 
  Jason Elliott, CEO               +44 (0) 121 250 3625 
  Kevin Edwards, CFO 
 Shore Capital 
  Tom Griffiths / David Coaten      +44 (0) 20 7408 4090 
 Yellow Jersey PR                 www.yellowjerseypr.com 
  Charles Goodwin                  +44 (0) 7747 788 221

About LightwaveRF

LightwaveRF plc ("Lightwave") is the UK's only fully integrated home automation company.

New customers typically buy a starter pack of Link Plus hub and smart dimmer which has Apple HomeKit compatibility, 2-way communication and built-in energy monitoring. Later adding other easy to install devices from the Lightwave range enables further in-home control, monitoring and automation of lighting, heating and power.

Devices may be operated manually, by smartphone or tablet-based apps and also through Google Assistant and Amazon Alexa voice control.

Leading tech industry publication 9to5 Mac describes Lightwave as "the best UK HomeKit solution for smart lighting".

For further information and "Newsletter sign up", please visit: www.lightwaverf.com/corporate/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCLLFEEISLLVIA

(END) Dow Jones Newswires

October 31, 2019 11:58 ET (15:58 GMT)

Lightwaverf (LSE:LWRF)
Historical Stock Chart
From Jun 2024 to Jul 2024