REG - Elecosoft PLC - Result of Scrip Dividend

ElecoAnnouncement

31/05/2019 14:55

RNS Number : 8052A
Elecosoft PLC
31 May 2019
 


Elecosoft plc
("Elecosoft", the "Company" or the "Group")
Result of Scrip Dividend
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company's announcement on 19 March 2019, it has received final results for the scrip dividend alternative in respect of 46,530,503 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 56.87 per cent of the Company's issued Ordinary Share capital.
Accordingly, based on the previously announced reference price of 74.74 pence per share and the final approved dividend of 0.40p per share, a total of 248,585 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


9,235,113


48,973


9,284,086


11.31%




David Dannhauser


Non-Executive Director


449,339


2,384


451,723


0.55%




 
Application has been made for 248,585 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 2 June 2019. Following Admission, Elecosoft will have 82,067,992 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 82,067,992.
 




 




For further information, please contact:
 


 




Elecosoft plc


Tel: +44 (0)20 7422 8000




JHB Ketteley, Executive Chairman


 




Jonathan Hunter, Chief Operating Officer
Ben Moralee, Finance Director


 




 
finnCap Ltd


 
Tel: +44 (0)20 7220 0500




Geoff Nash / Kate Bannatyne (Corporate Finance)


 




Camille Gochez (Corporate Broking)


 




 
Newgate Communications


 
Tel: +44 (0)20 3757 6880




Elisabeth Cowell / Fiona Norman


 




 
About Elecosoft plc
Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software solutions cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).
 
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)


74.74 pence per Ordinary Share
48,973 Ordinary Shares




d)


Aggregated information:
Aggregated volume
Price


 
See 4c) above
 




e)


Date of the transaction


4 June 2019




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)


74.74 pence per Ordinary Share
2,384 Ordinary Shares




d)


Aggregated information:
Aggregated volume
Price


 
See 4c) above
 




e)


Date of the transaction


2 June 2019




f)


Place of the transaction


London Stock Exchange, AIM Market




 




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