Touchstar PLC Result of General Meeting and Open Offer (7376E)
February 13 2018 - 5:25AM
UK Regulatory
TIDMTST
RNS Number : 7376E
Touchstar PLC
13 February 2018
13 February 2018
Touchstar plc
(AIM: TST)
Result of General Meeting and Open Offer
Touchstar plc ("Touchstar" or the "Company"), suppliers of
mobile data computing solutions and managed services to a variety
of industrial sectors, announces that at the General Meeting of the
Company held today, all resolutions put to shareholders were duly
passed. Accordingly, the Conditional Placing and Open Offer
announced on 17 January 2018 are expected to complete, conditional
on Admission, on 14 February 2018.
The total amount subscribed by investors pursuant to the
Conditional Placing and the Open Offer is GBP921,292.20 (before
expenses) comprising:
-- the Conditional Subscription of 639,158 New Ordinary Shares
at 60 pence per share raising GBP383,494.80 (before expenses);
and
-- the issue of 896,329 New Ordinary Shares at 60 pence per
share to Qualifying Shareholders pursuant to the Open Offer raising
GBP537,797.40 (before expenses)
Taken together, the Conditional Subscription and Open Offer will
result in the allotment of a total of 1,535,487 New Ordinary
Shares.
Application for admission to trading on AIM of the 1,535,487 New
Ordinary Shares being issued pursuant to the Conditional Placing
and Open Offer has been made and admission is expected to take
place on 14 February 2018. The New Ordinary Shares will rank pari
passu with the existing Ordinary Shares in issue.
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following these issues, its issued share capital
will comprise 8,475,077 Ordinary Shares of 5p each. All of these
Ordinary Shares have equal voting rights and none of the Ordinary
Shares are held in Treasury. The total number of voting rights in
the Company will therefore be 8,475,077 on Admission. 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 share capital of
the Company under the Disclosure Guidance and Transparency
Rules.
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 17 January 2018,
copies of which are available on the Company's website at
www.touchstarplc.com. Capitalised terms in this announcement have
the same meaning as given in the Circular.
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Contacts:
Touchstar Plc www.touchstarplc.com
Mark Hardy, Chief Executive
Officer +44 (0) 1274 741860
WH Ireland Limited (Nominated www.whirelandcb.com
Adviser and Broker)
+44 (0) 117 945
Mike Coe / Ed Allsopp 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMSFIFSDFASEFE
(END) Dow Jones Newswires
February 13, 2018 05:25 ET (10:25 GMT)
Touchstar (LSE:TST)
Historical Stock Chart
From May 2024 to Jun 2024
Touchstar (LSE:TST)
Historical Stock Chart
From Jun 2023 to Jun 2024