REG - Starcom PLC - Issue of Equity <Origin Href="QuoteRef">STARS.L</Origin>

Star EnergyAnnouncement

18/05/2017 07:40

RNS Number : 5144F
Starcom PLC
18 May 2017
Starcom Plc
("Starcom" or "the Company")
Issue of equity
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, announces that it has issued and allotted a total of 2,700,000 new Ordinary Shares of no par value ("the New Shares") at 2p per share to one of the Company's long term component suppliers in part settlement of its account with the Company. The shares were issued at the request of the supplier and the Company understands that the supplier has no present intention of selling these shares and will hold them as an investment.
Application has been made for the New Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on or around 23 May 2017.
Total voting rights
Following Admission, the Company's enlarged issued share capital will comprise 160,537,717 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 160,537,717. 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
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For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5430 70103
 +972 3619 9901
Northland Capital (Nomad and Broker) 020 3861 6625
Edward Hutton / David Hignell (Corporate Finance)
John Howes (Sales and Broking) 
Peterhouse Corporate Finance (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR) 020 7520 9267
Christian Taylor-Wilkinson 07795 168 157

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