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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Energiekontor | TG:EKT | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 1.05% | 48.05 | 47.65 | 48.40 | 48.45 | 47.30 | 48.05 | 2,876 | 22:50:02 |
RNS Number:7291T Elektron PLC 30 December 2003 For Immediate Release ELEKTRON PLC Elektron Plc ("the Company"), the AIM quoted components and power electronics group, announces the acquisition of Inhoco 3013 Limited for a consideration of 9,482,726 Elektron ordinary shares of 5p each of the Company, pursuant to the five year authority granted by shareholders on 12 July 2000, to be issued at a price of 5.5p each. Inhoco 3013 Limited is a company with an issued share capital of #521,550 and cash of #521,550 and has not traded since incorporation. The issue is conditional upon admission of the consideration shares to trading on the Alternative Investment Market of the London Stock Exchange ("AIM") The cash resources that will be made available to the Company as a result of the acquisition will be used for additional working capital purposes following the Arcolectric acquisition announced on 24 December 2003. Inhoco 3013 was owned by 9 shareholders including Mr. J. Kinder and Specialist Holdings Limited. Following the issue of the shares for the acquisition of Inhoco 3013 Limited, Mr. J Kinder will hold a total of 10,342,647 ordinary shares in the Company representing 13.86% of the enlarged issued share capital and Specialist Holdings Limited will hold a total of 3,159,090 ordinary shares in the Company representing 4.23% of the enlarged issued share capital. The ordinary shares to be issued pursuant to the above arrangements will rank pari passu with the existing shares in issue. Application has been made for the 9,482,726 new ordinary shares to be admitted to trading on AIM. For further information please contact: Adrian Girling Christopher Leigh Executive Chairman Finance Director Elektron Plc Elektron Plc Tel: 0208 477 9308 Tel: 0208 477 9308 Roland Cornish Chairman Beaumont Cornish Limited Tel : 0207 628 3396 Beaumont Cornish Limited is a Sponsor registered with the UK Listing Authority, a Nominated Adviser approved by the London Stock Exchange and a Member of OFEX. This information is provided by RNS The company news service from the London Stock Exchange END ACQFDIFESSDSEIE
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