Elecosoft PLC Result of Scrip Dividend (3317R)

TIDMELCO

RNS Number : 3317R

Elecosoft PLC

14 June 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 27 March 2018, it has received final results for the scrip dividend alternative in respect of 51,379,500 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 66.3 per cent. of the Company's issued Ordinary Share capital.

Accordingly, based on the previously announced reference price of 49.60 per share and the final approved dividend of 0.40p per share, a total of 414,178 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             9,068,319             63,729      9,132,048               11.73% 
 Jonathan            Chief Operating 
  Hunter              Officer                 16,382                132         16,514                0.02% 
                     Non-Executive 
 David Dannhauser     Director               445,000                604        445,604                0.57% 
 

Application has been made for 414,178 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 18 June 2018. Following Admission, Elecosoft will have 77,854,878 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 77,854,878.

 
For further information, please contact: 
Elecosoft plc                                Tel: [phone] 
                                              8000 
JHB Ketteley, Executive Chairman 
Jonathan Hunter, Chief Operating Officer 
 Simon Morgan, Finance Director 
 
  finnCap Ltd                                  Tel: [phone] 
                                               0500 
Adrian Hargrave / Kate Bannatyne (Corporate 
 Finance) 
Camille Gochez (Corporate Broking) 
 
  Redleaf Communications                       Tel: [phone] 
                                               6880 
Elisabeth Cowell / Fiona Norman 
 

About Elecosoft plc

Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software solutions cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).

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)           49.60 pence per Ordinary Share 
                                        63,729 Ordinary Shares 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          31 May 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)           49.60 pence per Ordinary Share 
                                        604 Ordinary Shares 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          31 May 2018 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
     -------------------------------  ---------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Jonathan Hunter 
     -------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Chief Operating Officer 
     -------------------------------  ---------------------------------- 
 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)           49.60 pence per Ordinary Share 
                                        132 Ordinary Shares 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          31 May 2018 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
     -------------------------------  ---------------------------------- 
 

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June 14, 2018 02:00 ET (06:00 GMT)