Starcom PLC Exercise of Warrants (6144D)

TIDMSTAR

RNS Number : 6144D

Starcom PLC

01 February 2018

1 February 2018

Starcom Plc

("Starcom" or the "Company")

Exercise of warrants and issue of equity

The Company has today issued 2,333,333 ordinary shares of no par value at a price of 2.5p per share ("the New Ordinary Shares") following the exercise of warrants granted in connection with the Company's placing announced on 21 June 2017. The total cash value received was GBP58,333.

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 6,333,334 ordinary shares of no par value remain unexercised.

Following the issue of the New Ordinary Shares, the total number of ordinary shares of no par value of Starcom Plc in issue is 256,742,846. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares with voting rights is 256,742,846.

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.

-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

Edward Hutton / David Hignell (Corporate Finance)

John Howes (Sales and Broking)

   Peterhouse Corporate Finance (Joint Broker)                                     020 7469 0930 

Lucy Williams / Charles Goodfellow / Eran Zucker

Leander PR (Financial PR) 07795 168 157

Christian Taylor-Wilkinson

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEUARKRWVAURRR

(END) Dow Jones Newswires

February 01, 2018 04:07 ET (09:07 GMT)