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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Apc Technology Group Plc | LSE:APC | London | Ordinary Share | GB0000373984 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAPC
RNS Number : 4755F
APC Technology Group PLC
18 May 2017
18 May 2017
APC Technology Group PLC
("APC" or the "Company")
Share subscription and issue of new shares and director's dealing
APC Technology Group PLC (AIM: APC), the provider of design-in, specification and distribution services for specialist electronic components and systems, lighting technologies and connectivity products, announces that three parties have subscribed for new ordinary shares of 2 pence each in the capital of the Company (the "Ordinary Shares") at a price of 6.75 pence per share as follows:
Rockridge Investments, an existing shareholder in the Company, has subscribed for 2,962,963 Ordinary Shares, for a subscription value of GBP200,000. Following this subscription, its total holding in the Company's shares is expected to be approximately 15.36m shares, representing 11.39% of the enlarged issued share capital.
Robert Holt, an existing shareholder in the Company, has subscribed for 100,000 Ordinary Shares, for a subscription value of GBP6,750. Following this subscription, Mr Holt's total holding in the Company's shares is expected to be 4.1m shares, representing 3.04% of the enlarged issued share capital.
Tony Lochery, Chairman of the Company, has subscribed for 640,741 Ordinary Shares, for a subscription value of GBP43,250. Following this subscription, Mr Lochery's total holding in the Company's shares will be 2,122,222 shares, representing 1.57% of the enlarged issued share capital.
The Company will also issue 370,370 Ordinary Shares at 6.75 pence per share in settlement of professional fees.
A total of 4,074,074 new Ordinary Shares (the "New Ordinary Shares") will therefore be issued. The proceeds of the cash subscription will be used to augment the Group's working capital resources.
The above share issues are conditional on the admission of the New Ordinary Shares to trading on AIM ("Admission"). Application has been made to the London Stock Exchange plc for Admission to become effective and dealings in the New Ordinary Shares to commence at 8.00 a.m. on or around 23 May 2017.
The Company also announces that, following this cash subscription, ABN Commercial Finance will extend the working capital facilities that it provides to the Company to complement this equity investment and to further support growth.
Total Voting Rights
Following the issue of the New Ordinary Shares, the total issued ordinary share capital of the Company will comprise 134,912,990 Ordinary Shares, each carrying the right to one vote. The New Ordinary Shares will be fully paid and will rank pari passu in all respects with the Group's existing Ordinary Shares.
The Company does not hold any Ordinary Shares in treasury and, therefore, the above figure may be used by shareholders as the denominator for the calculation 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 Guidance and Transparency Rules.
Enquiries:
APC Technology Group PLC +44 (0) 330 313 3220
Richard Hodgson, Chief Executive www.apcplc.com
Michael Thompson, Finance Director
Stockdale Securities Limited (Nominated Adviser and Broker) +44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
May 18, 2017 02:00 ET (06:00 GMT)
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