REG - Eleco PLC - Result of General Meeting and Issue of Shares <Origin Href="QuoteRef">ELCO.L</Origin>

ElecoAnnouncement

06/09/2014 14:35

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RNS Number : 8990L
Eleco PLC
09 July 2014 
 
Eleco plc 
 
("Eleco" or the "Company") 
 
Result of General Meeting and Issue of Shares 
 
The Company announces that at its General Meeting held today, the Resolution
put to Shareholders was duly passed. Accordingly, an application has been made
for 10,177,983 ordinary shares of 10 pence each ("New Ordinary Shares") to be
admitted to trading on AIM ("Admission") in order to satisfy subscriptions
received by the Company, as detailed in the circular sent to Shareholders on
23 June 2014 (the "Circular"). 
 
Following Admission, directors John Ketteley and Jonathan Cohen who subscribed
for 626,505 and 48,192 ordinary shares respectively, will hold 9,049,760 and
166,400 ordinary shares in the Company respectively. Furthermore,
Non-Executive Directors Jonathan Edwards and Jonathan Cohen   have subscribed
for 62,500 and 121,950 ordinary shares as part of the excess subscription at
the subscription price of 20.75 pence per share and following Admission, will
hold 112,500 and 288,350 ordinary shares in the Company respectively. 
 
It is intended that an additional application will be made for new ordinary
shares to be admitted to trading on AIM to satisfy further subscriptions
within the Company's authorities as granted at the General Meeting today. The
relevant announcement will be made in due course. 
 
It is expected that Admission will occur at 8.00 a.m. on 10 July 2014.
Following Admission, the Company's issued share capital will consist of
73,909,627 ordinary shares of 10 pence each. This figure 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 to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules. 
 
9 July 2014 
 
Enquiries: 
 
 For further information please contact:                                      
                                                                              
 Eleco plc                                http://www.eleco.com                
 John Ketteley, Executive Chairman        Tel: 0207 422 0044                  
                                                                              
                                                                              
 Peckwater PR                                                                 
 Tarquin Edwards                          Tel: 07879 458 364 / 0207 808 7340  
                                                                              
 Cenkos Securities plc                                                        
 Nicholas Wells                           Tel: 0207 397 8900                  
 
 
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