REG - Elecosoft PLC - Result of Scrip Dividend
RNS Number : 0196GElecosoft PLC01 November 2018Elecosoft plc
("Elecosoft" or the "Company")
Result of Scrip Dividend
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company's announcement on 12 September 2018, it has received final results for the scrip dividend alternative in respect of 45,647,591 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 58.63 per cent. of the Company's issued Ordinary Share capital.
Accordingly, based on the previously announced reference price of 84.8 pence per share and the final approved dividend of 0.28p per share, a total of 153,240 new Ordinary Shares have been allotted by the Company to shareholders to receive the scrip dividend.
Pursuant to the scrip dividend, the following Directors will receive new Ordinary Shares in the Company:
Name
Position
Number of existing Ordinary Shares held
New Ordinary Shares pursuant to the Scrip Dividend
Total number of Ordinary Shares held following Admission
% of the issued share capital following Admission
John Ketteley
Executive Chairman
9,205,735
30,113
9,235,113
11.84%
David Dannhauser
Non-Executive Director
447,862
1,477
449,339
0.57%
Application has been made for 153,240 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 2 November 2018. Following Admission, Elecosoft will have 78,008,118 Ordinary Shares in issue. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 78,008,118.
Enquiries:
Elecosoft plc
+44 (0)20 7422 8000
John Ketteley, Executive Chairman
Jonathan Hunter, Chief Operating Officer
Ben Moralee, Group Finance Director
finnCap Limited
+44 (0)20 7220 0500
Henrik Persson/Kate Bannatyne (Nomad)
Camille Gochez (ECM)
Redleaf Communications +44 (0)20 3757 6880
Elisabeth Cowell/ Fiona Norman elecosoft@redleafpr.com
About Elecosoft plc
Elecosoft plc is an AIM-listed (ELCO-GB) software Company with interests based principally in the UK, Sweden, Germany, Benelux, and the US. Elecosoft develops award winning software applications and related services to the architectural, engineering, construction and owner/operator sectors.
Elecosoft delivers a portfolio of software for project management, estimation, visualisation, Building Information Modelling (BIM), property management and digital marketing disciplines
Elecosoft's software and services are used during early planning stages through to construction and facilities management, driving the performance and day-to-day operations of its customers' businesses
Elecosoft's broad, and increasingly integrated, product offering opens up exciting prospects to cross-sell and expand internationally as the company grow the company's re-seller network
For further information please visit www.Elecosoft.com.
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
John Ketteley
2.
Reason for the Notification
a)
Position/status
Executive Chairman
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
21380016GT9Z6ZQX4T37
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 the Financial instrument, type of instrument
Ordinary shares of 1 pence each ("Ordinary Shares")
Identification code
ELCO GB0003081246
b)
Nature of the transaction
Issue of Ordinary Shares pursuant to scrip dividend
c)
Price(s) and volume(s)
84.8 pence per Ordinary Share
30,113 Ordinary Shares
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
2 November 2018
f)
Place of the transaction
London Stock Exchange, AIM Market
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Dannhauser
2.
Reason for the Notification
a)
Position/status
Non-Executive Director
b)
Initial notification/Amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Elecosoft plc
b)
LEI
21380016GT9Z6ZQX4T37
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 the Financial instrument, type of instrument
Ordinary shares of 1 pence each ("Ordinary Shares")
Identification code
ELCO GB0003081246
b)
Nature of the transaction
Issue of Ordinary Shares pursuant to scrip dividend
c)
Price(s) and volume(s)
84.8 pence per Ordinary Share
1477 Ordinary Shares
d)
Aggregated information:
Aggregated volume
Price
See 4c) above
e)
Date of the transaction
2 November 2018
f)
Place of the transaction
London Stock Exchange, AIM Market
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