Strat Aero PLC Result of AGM and TVR (0934T)

TIDMAERO

RNS Number : 0934T

Strat Aero PLC

29 June 2018

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

29 June 2018

Strat Aero plc ("Strat Aero," the "Company" or the "Group")

AGM results and Total Voting Rights

The Company's Annual General Meeting ("AGM") was held today at 10.30am. All resolutions were passed.

The resolutions included an ordinary resolution to consolidate every 20 ordinary shares of 0.01p each in the issued share capital of the Company into one ordinary share of 0.2p each. Thus, with effect from Monday 2 July 2018, there will be 308,676,386 New Ordinary Shares in issue compared with the current total of 6,173,527,709 Ordinary Shares of 0.01p. As there are no shares held in treasury, the total voting rights will therefore change from the current 6,173,527,709 to 308,676,386.

Holders of Existing Ordinary Shares ("Existing Shareholders") should note that while the numbers of shares held by them will change, the proportion of the issued ordinary shareholdings in the Company held by each Existing Shareholder immediately before and after the Consolidation will, except for fractional entitlements, be unchanged.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence at 8:00 am on Monday 2 July 2018 with ISIN GB00BFX0ZN92. The total number of New Ordinary Shares in issue following Admission will be 308,676,386. The record date for the capital reorganisation is 6:00 pm today, 29 June 2018.

As no shares are held in treasury, the above figure of 308,676,386 should be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules with effect from Monday 2 July 2018.

Nigel Burton

Chairman

29 June 2018

- ENDS -

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit www.strat-aero.com or contact:

Strat Aero plc

Trevor Brown (Executive Director) [phone]

Nigel Burton (Non-Executive Director) [phone]

SP Angel Corporate Finance LLP [phone]

Stuart Gledhill

Jeff Keating

Caroline Rowe

Peterhouse Corporate Finance [phone]

Lucy Williams

Fungai Ndoro

Notes

Strat Aero plc is focused on the continued development of the Company's 'Survey & Inspection' business, in addition to implementing an enhanced growth strategy via the appraisal of complementary acquisition or investment opportunities, and in February 2018 acquired a 37% stake in Gyrometric Systems, which specialises in next generation digital shaft monitoring. This is in line with the Company's stated objective to achieve improved financial performance in the near term.

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June 29, 2018 07:37 ET (11:37 GMT)