Arcontech Group PLC Result of AGM and Share Consolidation (9760K)

TIDMARC

RNS Number : 9760K

Arcontech Group PLC

27 September 2016

ARCONTECH GROUP PLC

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

Result of AGM and Share Consolidation

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

Share Consolidation

Following approval by shareholders at the AGM, every 125 existing ordinary share of GBP0.001 each ("Existing Ordinary Shares") will be consolidated into 1 new ordinary share of GBP0.125 ("New Ordinary Shares"). The record date for the share consolidation is 5.00 p.m. today, 27 September 2016.

Additional allotment

The Company issued a total of 5,499,659 Existing Ordinary Shares relating to an exercise of warrants in September 2003 and exercises of options in July 2004 and May 2016 that were erroneously not admitted to trading on AIM. Therefore, to rectify this situation, application has been made for these Existing Ordinary Shares to be admitted to trading on AIM, when they will rank pari passu with the Existing Ordinary Shares in issue. The admission of these Existing Ordinary Shares does not affect the Company's issued share capital.

Total Voting rights

Pursuant to the Share Consolidation, application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8.00 am on 28 September 2016 with ISIN GB00BDBBJZ03. The total number of New Ordinary Shares in issue following Admission will be 12,365,852.

The above figure of 12,365,852 should 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 FCA's Disclosure and Transparency Rules.

Enquiries:

 
                                   020 7256 
 Arcontech Group plc                2300 
 Richard Last, Chairman and 
  Non-Executive Director 
 Matthew Jeffs, Chief Executive 
 
                                   020 7220 
 finnCap Ltd (Nomad & Broker)       0500 
 Carl Holmes/Simon Hicks 
 
 

To access more information on the Group please visit: www.arcontech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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September 27, 2016 08:58 ET (12:58 GMT)