Starcom PLC Exercise of Warrants and Director Dealing (8100L)

TIDMSTAR

RNS Number : 8100L

Starcom PLC

23 April 2018

23 April 2018

Starcom Plc

("Starcom" or "the Company")

Exercise of warrants - Director/PDMR shareholding

Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that 66,667 ordinary shares of no par value ("Ordinary Shares") are being issued at a price of 2.5p per share following the exercise by Michael Rosenberg, the Company's Chairman, of warrants granted to him in connection with the Company's placing announced on 21 June 2017.

The new Ordinary Shares were admitted to trading on AIM as part of the Block Admission which became effective on 26 June 2017. Warrants over 4,800,000 Ordinary Shares remain unexercised.

Following the issue of the new Ordinary Shares, Mr Rosenberg is interested in 2,179,616 Ordinary Shares, representing 0.8 per cent. of the Company's enlarged issued share capital.

Following the issue of the new Ordinary Shares, the Company's issued share capital will comprise 258,276,180 Ordinary Shares. The Company does not hold any shares in treasury.Therefore, the total number of Ordinary Shares with voting rights will be 258,276,180. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information.

-ends-

For further information, please contact:

Starcom Plc

Michael Rosenberg, Chairman 07785 727 595

Avi Hartmann, CEO [phone]

   Northland Capital Partners Limited (Nominated Adviser and Broker)      020 3861 6625 

Matthew Johnson/Edward Hutton (Corporate Finance)

John Howes (Sales and Broking)

   Peterhouse Corporate Finance Limited (Joint Broker)                             020 7469 0930 

Lucy Williams / Charles Goodfellow / Eran Zucker

Leander PR (Financial PR) 07795 168 157

Christian Taylor-Wilkinson

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 
  1    Details of the persons discharging managerial 
        responsibilities I persons closely associated 
---  ------------------------------------------------------------------ 
 a)   Names                      Michael Rosenberg 
---  -------------------------  --------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status           Non-executive Chairman 
---  -------------------------  --------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  --------------------------------------- 
 3    Details of the issuer 
---  ------------------------------------------------------------------ 
 a)   Name                       Starcom Plc 
---  -------------------------  --------------------------------------- 
 b)   LEI                        213800XVU7WF3QMF4826 
---  -------------------------  --------------------------------------- 
 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             Ordinary Shares of no par value 
       the financial 
       instrument, type 
       of instrument 
---  -------------------------  --------------------------------------- 
     Identification              ISIN for Ordinary Shares: JE00B8WSDY21 
      code 
---  -------------------------  --------------------------------------- 
 b)   Nature of the              Exercise of warrants 
       transaction 
---  -------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)      Price(s)   Volume(s) 
                                  ---------  ---------- 
                                   2.5p       66,667 
                                  ---------  ---------- 
---  -------------------------  --------------------------------------- 
 d)   Aggregated information     *    See 4 c) above 
       - Aggregated volume 
       - Price 
---  -------------------------  --------------------------------------- 
 e)   Date of the transaction    23 April 2018 
---  -------------------------  --------------------------------------- 
 f)   Place of the transaction   Outside a trading venue. 
---  -------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 23, 2018 09:02 ET (13:02 GMT)