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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lightwaverf Plc | LSE:LWRF | London | Ordinary Share | GB00BKJ9BV58 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.625 | 0.25 | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLWRF
RNS Number : 2243S
LightwaveRF PLC
19 December 2016
19 December 2016
LightwaveRF Plc
(AIM: LWRF)
Result of General Meeting
LightwaveRF plc ("LightwaveRF" or the "Company"), the proprietary IOT and connected devices specialist enabling the remote control and monitoring of light, heat, power and security through just one App announces that at the General Meeting of the Company held today, all resolutions put to shareholders were duly passed. Accordingly, the Conditional Subscription and Open Offer announced on 21 November 2016 are expected to complete, conditional on Admission, on 20 December 2016.
The Open Offer closed for applications at 11.00 a.m. on 15 December 2016 and as the Company announced on 16 December 2016, valid applications under the Open Offer were received from Qualifying Shareholders in excess of the 8,229,903 New Ordinary Shares being offered. All excess applications will be satisfied in full which will result in a further 1,598,985 shares being issued.
The total amount subscribed by investors in the Fundraising is approximately GBP1.33 million (before expenses) by way of:
-- the Conditional Subscription of 384,615 New Ordinary Shares at 13 pence per share raising GBP0.05 million (before expenses); and
-- a further issue of 9,828,888 New Ordinary Shares at 13 pence per share to Qualifying Shareholders pursuant to the oversubscribed Open Offer raising GBP1.28 million (before expenses)
Taken together the Conditional Subscription and Open Offer will result in the allotment of a total of 10,213,503 New Ordinary Shares.
Application for admission to trading on AIM of the 8,614,518 New Ordinary Shares being issued pursuant to the Conditional Subscription and Open Offer has been made and admission is expected to take place on 20 December 2016. Application for the additional 1,598,985 New Ordinary Shares being issued in relation to excess applications pursuant to the Open Offer has been made and admission is expected to take place on 22 December 2016. 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 38,769,031 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 38,769,031 on Admission.
This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 23 November 2016, 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 information:
LightwaveRF plc www.lightwaveRF.com Mike Lord, CEO +44 (0) 121 250 Kevin Edwards, CFO 3625 WHIreland Limited www.whirelandplc.com Mike Coe/Ed Allsopp (Corporate +44 (0) 117 945 Finance) 3470 Jasper Berry (Institutional +44 (0) 20 7220 Sales) 1666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 19, 2016 06:30 ET (11:30 GMT)
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