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CLST - ClearStar Inc News Story

48.5p 0.0  0.0%

Last Trade - 06/09/17

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £14.4m
Position in Universe th / 1826

ClearStar,Inc. ClearStar Inc. - Amalgamation of Stock Lines and TVR

Mon 4th September, 2017 12:00pm
RNS Number : 7355P
04 September 2017

4 September 2017

ClearStar, Inc.

("ClearStar" or the "Company")

Amalgamation of Stock Lines & Total Voting Rights

ClearStar, Inc. (AIM: CLSU and CLST), the technology and service provider to the background check industry, announces that trading on its restricted line of stock having the ticker CLST will cease as of 8.00 a.m. BST on 8 September 2017 and all ordinary shares of $0.0001 ("Ordinary Shares") currently traded on the restricted line with the ticker CLST and identified under ISIN KYG2294M1050 and SEDOL BNN76Y4 will from then on continue to trade on the unrestricted line of stock with the ticker CLSU and identified under ISIN KYG2294M1134 and SEDOL BYM8G34.

As a consequence the Depositary Interest Facility, operated with Capita IRG Trustees Limited, in relation to the restricted line with the ticker CLST and identified under ISIN KYG2294M1050 and SEDOL BNN76Y4, will terminate with effect from close of business on 7 September 2017.

The Directors believe that it is in the best interests of the Company and its shareholders to simplify the shareholding structure of the Company and to have a single trading line for Ordinary Shares. The Company has applied to the London Stock Exchange for this to take place from 8 September 2017. From this date onwards all ClearStar Ordinary Shares will trade under the following identifying codes: ISIN KYG2294M1134, TIDM CLSU and SEDOL BYM8G34.

New share certificates for the CLSU line of stock will be sent to certificated shareholders previously holding the CLST line of stock by 22 September 2017.

Total voting rights update

Notification under Rule 5.6.1 Financial Conduct Authority Disclosure and Transparency Rules:

The Company's issued share capital at 8 September 2017 will consist of 36,302,900 Ordinary Shares with voting rights admitted to trading. The Company holds no Ordinary Shares in Treasury.

Therefore, the total number of voting rights in the Company is 36,302,900. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

From 8 September 2017 all of the 36,302,900 Ordinary Shares will be admitted under ISIN KYG2294M1134, TIDM CLSU and SEDOL BYM8G34.

For further information, please contact

ClearStar, Inc.

Robert J. Vale, Chief Executive Officer

David Pattillo, Chief Financial Officer

+1 770 416 1900

finnCap Ltd.

Jonny Franklin-Adams, Simon Hicks - Corporate Finance

Andrew Burdiss, Abigail Wayne - Corporate Broking

+44 20 7220 0500

Luther Pendragon Ltd.

Harry Chathli, Claire Norbury

+44 20 7618 9100

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, strategic services and decision-making information provider to employers and background screening companies.

A seven-time Inc. 5000 honouree and founding member of the National Association of Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit:

This information is provided by RNS
The company news service from the London Stock Exchange
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