Elecosoft PLC Result of Scrip Dividend (0196G)

TIDMELCO

RNS Number : 0196G

Elecosoft PLC

01 November 2018

Elecosoft plc

("Elecosoft" or the "Company")

Result of Scrip Dividend

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company's announcement on 12 September 2018, it has received final results for the scrip dividend alternative in respect of 45,647,591 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 58.63 per cent. of the Company's issued Ordinary Share capital.

Accordingly, based on the previously announced reference price of 84.8 pence per share and the final approved dividend of 0.28p per share, a total of 153,240 new Ordinary Shares have been allotted by the Company to shareholders to receive the scrip dividend.

Pursuant to the scrip dividend, the following Directors will receive new Ordinary Shares in the Company:

 
 Name                Position            Number of       New Ordinary   Total number             % of the 
                                          existing    Shares pursuant    of Ordinary         issued share 
                                          Ordinary       to the Scrip    Shares held    capital following 
                                       Shares held           Dividend      following            Admission 
                                                                           Admission 
                     Executive 
 John Ketteley        Chairman           9,205,735             30,113      9,235,113               11.84% 
                     Non-Executive 
 David Dannhauser     Director             447,862              1,477        449,339                0.57% 
 

Application has been made for 153,240 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 2 November 2018. Following Admission, Elecosoft will have 78,008,118 Ordinary Shares in issue. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 78,008,118.

 
Enquiries:Elecosoft plc                              [phone] 
 John Ketteley, Executive Chairman 
 Jonathan Hunter, Chief Operating Officer 
 Ben Moralee, Group Finance Director 
 
 finnCap Limited                            [phone] 
 Henrik Persson/Kate Bannatyne (Nomad) 
 Camille Gochez (ECM) 
 
 
 Redleaf Communications [phone] 
 Elisabeth Cowell/ Fiona Norman [e-mail] 
 
 About Elecosoft plc 
 Elecosoft plc is an AIM-listed (ELCO-GB) software 
 Company with interests based principally in 
 the UK, Sweden, Germany, Benelux, and the 
 US. Elecosoft develops award winning software 
 applications and related services to the architectural, 
 engineering, construction and owner/operator 
 sectors. 
 Elecosoft delivers a portfolio of software 
 for project management, estimation, visualisation, 
 Building Information Modelling (BIM), property 
 management and digital marketing disciplines 
 Elecosoft's software and services are used 
 during early planning stages through to construction 
 and facilities management, driving the performance 
 and day-to-day operations of its customers' 
 businesses 
 Elecosoft's broad, and increasingly integrated, 
 product offering opens up exciting prospects 
 to cross-sell and expand internationally as 
 the company grow the company's re-seller network 
 For further information please visit www.Elecosoft.com. 
 Notification and public disclosure of transactions 
  by persons discharging managerial responsibilities 
  and persons closely associated with them 1.   Details of the person discharging managerial responsibilities 
         / person closely associated 
   a)   Name                             John Ketteley 
       -------------------------------  ---------------------------------- 
   2.   Reason for the Notification 
       ------------------------------------------------------------------- 
   a)   Position/status                  Executive Chairman 
       -------------------------------  ---------------------------------- 
   b)   Initial notification/Amendment   Initial notification 
       -------------------------------  ---------------------------------- 
   3.   Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------- 
   a)   Name                             Elecosoft plc 
       -------------------------------  ---------------------------------- 
   b)   LEI                              21380016GT9Z6ZQX4T37 
       -------------------------------  ---------------------------------- 
   4.   Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of 
         transaction; (iii) each date; and (iv) each place where 
         transactions have been conducted 
       ------------------------------------------------------------------- 
   a)   Description of the               Ordinary shares of 1 pence each 
         Financial instrument,            ("Ordinary Shares") 
         type of instrument 
        Identification code              ELCO GB0003081246 
       -------------------------------  ---------------------------------- 
   b)   Nature of the transaction        Issue of Ordinary Shares pursuant 
                                          to scrip dividend 
       -------------------------------  ---------------------------------- 
   c)   Price(s) and volume(s)           84.8 pence per Ordinary Share 
                                          30,113 Ordinary Shares 
       -------------------------------  ---------------------------------- 
   d)   Aggregated information: 
         Aggregated volume                See 4c) above 
         Price 
       -------------------------------  ---------------------------------- 
   e)   Date of the transaction          2 November 2018 
       -------------------------------  ---------------------------------- 
   f)   Place of the transaction         London Stock Exchange, AIM Market 
       -------------------------------  ---------------------------------- 
 
   1.   Details of the person discharging managerial responsibilities 
         / person closely associated 
   a)   Name                             David Dannhauser 
       -------------------------------  ---------------------------------- 
   2.   Reason for the Notification 
       ------------------------------------------------------------------- 
   a)   Position/status                  Non-Executive Director 
       -------------------------------  ---------------------------------- 
   b)   Initial notification/Amendment   Initial notification 
       -------------------------------  ---------------------------------- 
   3.   Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------- 
   a)   Name                             Elecosoft plc 
       -------------------------------  ---------------------------------- 
   b)   LEI                              21380016GT9Z6ZQX4T37 
       -------------------------------  ---------------------------------- 
   4.   Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of 
         transaction; (iii) each date; and (iv) each place where 
         transactions have been conducted 
       ------------------------------------------------------------------- 
   a)   Description of the               Ordinary shares of 1 pence each 
         Financial instrument,            ("Ordinary Shares") 
         type of instrument 
        Identification code              ELCO GB0003081246 
       -------------------------------  ---------------------------------- 
   b)   Nature of the transaction        Issue of Ordinary Shares pursuant 
                                          to scrip dividend 
       -------------------------------  ---------------------------------- 
   c)   Price(s) and volume(s)           84.8 pence per Ordinary Share 
                                          1477 Ordinary Shares 
       -------------------------------  ---------------------------------- 
   d)   Aggregated information: 
         Aggregated volume                See 4c) above 
         Price 
       -------------------------------  ---------------------------------- 
   e)   Date of the transaction          2 November 2018 
       -------------------------------  ---------------------------------- 
   f)   Place of the transaction         London Stock Exchange, AIM Market 
       -------------------------------  ---------------------------------- 
 

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November 01, 2018 06:19 ET (10:19 GMT)