Eleco PLC Exercise of Options, PDMR Shareholding and TVR (5588D)

TIDMELCO

RNS Number : 5588D

Eleco PLC

30 June 2021

30 June 2021

Eleco Plc

("Eleco" or the "Company")

Exercise of Options, PDMR Shareholding and Total Voting Rights

The Board of Eleco (AIM: ELCO), the AIM-listed construction software specialist, advises it has issued and allotted a total of 25,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") in accordance with options exercised by Mark Dixon, a PDMR of the Company, under the 2014 Share Option Plan.

Following this exercise, Mark Dixon subsequently sold 25,000 Ordinary Shares at a price of 132 pence per share on 29 June 2021. Following the above transactions, Mark Dixon has no interest in Ordinary Shares in the Company.

Application will be made for 25,000 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 5 July 2021. Following Admission, Eleco will have 83,104,650 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 83,104,650.

 
For further information, please contact: 
Eleco plc                                    Tel: [phone] 
Serena Lang, Executive Chairman 
Jonathan Hunter, Chief Executive Officer 
 Robert Tearle, Chief Financial Officer 
 
  finnCap Limited, NOMAD and broker            Tel: [phone] 
Geoff Nash / Kate Bannatyne / (Nomad) 
Richard Chambers, Charlotte Sutcliffe (ECM) 
SEC Newgate 
 Elisabeth Cowell / Isabelle Smurfit           Tel: [phone] 
                                             [e-mail] 
 

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the USA.

The Company's market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions include project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.

For further information please visit www.eleco.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                             Mark Dixon 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  PDMR 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Eleco 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        Exercise of Options and Sale 
                                        of Ordinary Shares 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                                Number   Price 
                                         Exercise 
                                          of Options         25,000   48p 
                                                            -------  ------ 
                                         Sale of Ordinary 
                                          Shares             25,000   132p 
                                                            -------  ------ 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          29 June 2021 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, AIM Market 
     -------------------------------  ------------------------------------- 
 

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June 30, 2021 02:00 ET (06:00 GMT)