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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volex Plc | LSE:VLX | London | Ordinary Share | GB0009390070 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 332.50 | 333.50 | 335.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 722.8M | 36.8M | 0.2031 | 16.47 | 605.97M |
TIDMVLX
RNS Number : 3658Q
Volex PLC
05 June 2018
THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Capitalised terms used in this announcement shall have the same meanings as the definitions set out in the Company's announcement of 16 May 2018 and in the Circular.
Volex plc
("Volex" or the "Company")
Completion of Acquisition of Silcotec and Issue of Consideration Shares
Volex plc (AIM: XLX), the global provider of cable assemblies, announces that further to the announcement of the proposed acquisition of Silcotec on 16 May 2018 and the admission of the Placing Shares on 5 June 2018, 3,521,437 ordinary shares in the Company (the "Consideration Shares") have been conditionally allotted to Silcotec to satisfy the share element of the consideration payable pursuant to the Acquisition. The Consideration Shares are subject to a one year lock up.
Application has been made to the London Stock Exchange for the admission of the 3,521,437 Consideration Shares to trading on AIM ("Admission"). Admission of the Consideration Shares is expected to take place at 8.00am on 8 June 2018. Completion of the Acquisition shall take place automatically immediately following Admission.
The company's total issued share capital following Admission will consist of 144,773,329 ordinary shares of 25 pence each with one voting right per share. The Company holds 1,295,360 ordinary shares in treasury therefore the number of ordinary shares in issue less the total number of treasury shares following admission will be 143,477,969.
For further information, please contact:
Volex plc Tel: 07909 995887
Nat Rothschild, Executive Chairman
Daren Morris, CFO
Liberum
(Nominated Adviser & Sole Bookrunner) Tel: 0203 100 2222
Steve Pearce
Euan Brown
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
ACQZMGGVMKFGRZM
(END) Dow Jones Newswires
June 05, 2018 08:00 ET (12:00 GMT)
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