Starcom PLC Result of AGM and grant of options (4031F)

TIDMSTAR

RNS Number : 4031F

Starcom PLC

15 July 2021

15 July 2021

Starcom plc

( " Starcom " or the " Company " )

Result of AGM

Grant of Options to Directors

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 at its annual general meeting ("AGM") held earlier today, all resolutions were passed. The proxy voting results and AGM presentation will be available on the Company's website, www.starcomsystems.com, later today.

Grant of Options

Following the approval of shareholders at today's AGM and further to the announcement on 23 June 2021 ("Announcement"), the Company has now granted the Fee Options to the Non-Executive Directors on the terms set out in the Announcement and AGM notice. In aggregate 6,251,162 Fee Options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company now has a total of 52,645,109 options over ordinary shares outstanding, which represents 14.43 per cent. of the Company's issued share capital as at the date of this announcement.

The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 23 June 2021 unless otherwise defined herein.

Enquiries:

 
 Starcom Plc 
 Michael Rosenberg, Chairman                          07785 727 595 
 Avi Hartmann, CEO                                   [phone] 
 Allenby Capital Limited (Nominated Adviser 
  and Broker)                                         020 3328 5656 
 Jeremy Porter / Piers Shimwell 
 Peterhouse Capital Limited (Joint Broker)            020 7469 0930 
 Lucy Williams / Charles Goodfellow / Eran Zucker 
 

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                         Michael Rosenberg (Chairman) 
                                    Avi Engel (Non-executive Director) 
                                    Martin Blair (Non-Executive Director) 
     ---------------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status              See 1 a) above 
     ---------------------------  ------------------------------------------------ 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  ------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 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               Options to subscribe for Ordinary Shares 
       the financial instrument,    of no par value 
       type of instrument 
       Identification               Identification code (ISIN) for Starcom 
       code                         plc ordinary shares: JE00B8WSDY21 
     ---------------------------  ------------------------------------------------ 
 b)   Nature of the transaction    Grant of options over ordinary shares 
                                    in lieu of fees and salaries 
     ---------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)       Director/PDMR        Price(s)        Volume(s) 
                                                         Exercisable 
                                    Michael Rosenberg     at nil cost    2,232,558 
                                                        --------------  ---------- 
                                                         Exercisable 
                                    Avi Engel             at nil cost    2,009,302 
                                                        --------------  ---------- 
                                                         Exercisable 
                                    Martin Blair          at nil cost    2,009,302 
                                                        --------------  ---------- 
     ---------------------------  ------------------------------------------------ 
 d)   Aggregated information                     Volume(s) 
       - Aggregated volume            Price(s) 
       - Price                       Nil          6,251,162 
                                                 ---------- 
     ---------------------------  ------------------------------------------------ 
 e)   Date of the transaction      15 July 2021 
     ---------------------------  ------------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------------ 
 

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July 15, 2021 08:29 ET (12:29 GMT)