Share Name Share Symbol Market Type Share ISIN Share Description
Strat Aero LSE:AERO London Ordinary Share GB00BQQPLG38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.065p 0.06p 0.07p 0.065p 0.0575p 0.065p 218,324,807 14:00:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 0.7 -2.9 -1.1 - 3.41

Strat Aero PLC Exercise of Warrants and Issue of Equity

11/01/2018 11:30am

UK Regulatory (RNS & others)


Strat Aero (LSE:AERO)
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TIDMAERO

RNS Number : 6286B

Strat Aero PLC

11 January 2018

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

11 January 2018

Strat Aero plc ("Strat Aero", the "Company" or the "Group")

Exercise of Warrants and Issue of Equity

Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ('UAV') sector, has issued 85,714,286 New Ordinary Shares of 0.01p each ("Ordinary Shares") as a result of an exercise of 85,714,286 warrants exercisable at GBP0.035 each (the "Warrant Shares").

Application will be made for the Warrant Shares, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 7:00 a.m. on 16 January 2018.

Following the issue of the Warrant Shares, the issued share capital of the Company will consist of 5,247,813,424 Ordinary Shares. No shares were held in treasury at the date of this announcement. The total current voting rights in the Company are therefore 5,247,813,424.

**ENDS**

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit www.strat-aero.com or contact:

 
 Strat Aero plc                 Tel: +44 (0) 1293 
                                 804741 
-----------------------------  --------------------- 
 Graham Peck (Chairman) 
-----------------------------  --------------------- 
 SP Angel Corporate Finance     Tel: +44 (0) 20 3470 
  LLP                            0470 
-----------------------------  --------------------- 
 Nominated Adviser and Joint 
  Broker 
-----------------------------  --------------------- 
 Stuart Gledhill 
  Jeff Keating 
  Caroline Rowe 
-----------------------------  --------------------- 
 Peterhouse Corporate Finance   Tel: +44 (0) 20 7469 
                                 0930 
-----------------------------  --------------------- 
 Lucy Williams 
  Fungai Ndoro 
-----------------------------  --------------------- 
 St Brides Partners Ltd         Tel: +44 (0) 20 7236 
                                 1177 
-----------------------------  --------------------- 
 Financial PR 
  Susie Geliher 
  Frank Buhagiar 
-----------------------------  --------------------- 
 

Notes

Strat Aero plc is a multi-divisional international aerospace services company, focused primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade. Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 11, 2018 06:30 ET (11:30 GMT)

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