Starcom PLC Exercise of Warrants and Director Dealing (8100L)
April 23 2018 - 9:02AM
UK Regulatory
TIDMSTAR
RNS Number : 8100L
Starcom PLC
23 April 2018
23 April 2018
Starcom Plc
("Starcom" or "the Company")
Exercise of warrants - Director/PDMR shareholding
Starcom (AIM: STAR), which specialises in the development of
wireless solutions for the remote tracking, monitoring and
protection of a variety of assets, is pleased to announce that
66,667 ordinary shares of no par value ("Ordinary Shares") are
being issued at a price of 2.5p per share following the exercise by
Michael Rosenberg, the Company's Chairman, of warrants granted to
him in connection with the Company's placing announced on 21 June
2017.
The new Ordinary Shares were admitted to trading on AIM as part
of the Block Admission which became effective on 26 June 2017.
Warrants over 4,800,000 Ordinary Shares remain unexercised.
Following the issue of the new Ordinary Shares, Mr Rosenberg is
interested in 2,179,616 Ordinary Shares, representing 0.8 per cent.
of the Company's enlarged issued share capital.
Following the issue of the new Ordinary Shares, the Company's
issued share capital will comprise 258,276,180 Ordinary Shares. The
Company does not hold any shares in treasury.Therefore, the total
number of Ordinary Shares with voting rights will be 258,276,180.
This number 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 in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
This announcement contains inside information.
-ends-
For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5447 35663
Northland Capital Partners Limited (Nominated Adviser and Broker) 020 3861 6625
Matthew Johnson/Edward Hutton (Corporate Finance)
John Howes (Sales and Broking)
Peterhouse Corporate Finance Limited (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR) 07795 168 157
Christian Taylor-Wilkinson
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation (EU)
No 596/2014.
1 Details of the persons discharging managerial
responsibilities I persons closely associated
--- ------------------------------------------------------------------
a) Names Michael Rosenberg
--- ------------------------- ---------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------
a) Position/status Non-executive Chairman
--- ------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- ---------------------------------------
3 Details of the issuer
--- ------------------------------------------------------------------
a) Name Starcom Plc
--- ------------------------- ---------------------------------------
b) LEI 213800XVU7WF3QMF4826
--- ------------------------- ---------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ------------------------------------------------------------------
a) Description of Ordinary Shares of no par value
the financial
instrument, type
of instrument
--- ------------------------- ---------------------------------------
Identification ISIN for Ordinary Shares: JE00B8WSDY21
code
--- ------------------------- ---------------------------------------
b) Nature of the Exercise of warrants
transaction
--- ------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
2.5p 66,667
--------- ----------
--- ------------------------- ---------------------------------------
d) Aggregated information * See 4 c) above
- Aggregated volume
- Price
--- ------------------------- ---------------------------------------
e) Date of the transaction 23 April 2018
--- ------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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