Castleton Technology PLC Issue of Equity/Conversion of Loan Notes (6392L)

TIDMCTP

RNS Number : 6392L

Castleton Technology PLC

04 October 2016

Castleton Technology plc

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

Conversion of Loan Notes

Issue of Equity

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, announces that it has allotted 375,000 new ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") pursuant to the conversion of loan notes held by the vendors of Opus Information Technology Limited, the provider of software solutions to the social housing market, which Castleton acquired in March 2015 (the "Loan Note Shares").

The Loan Note Shares are subject to a 12 month orderly market agreement. Application has been made for the Loan Note Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence from 8.00am on 10 October 2016.

Following Admission, the total number of Ordinary Shares in issue will be 78,714,832. This figure 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:

 
 Castleton Technology          Tel. 44 (0)845 
  plc                           241 0220 
  Ian Smith, Chief Executive    http://www.castletonplc.com 
  Haywood Chapman, Chief 
  Financial Officer 
 
 finnCap Ltd                   Tel. +44 (0)20 
  Jonny Franklin-Adams          7220 0500 
  / Simon Hicks 
 
 MXC Capital Markets           Tel. +44 (0)20 
  LLP                           7965 8149 
  Marc Young / Charlotte 
  Stranner 
 

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The acquisitions of Montal, Documotive, Opus, Keylogic, Brixx, Impact Applications and Kypera bring together an exceptional suite of solutions, providing the foundation for this platform. Castleton works in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 04, 2016 06:38 ET (10:38 GMT)