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STAR - Starcom News Story

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Last Trade - 11/12/19

Sector
Technology
Size
Micro Cap
Market Cap £4.06m
Enterprise Value £4.74m
Revenue £4.57m
Position in Universe 1677th / 1843

Starcom PLC - Result of AGM

Mon 17th June, 2019 2:45pm
RNS Number : 5091C
Starcom PLC
17 June 2019
 

17 June 2019

Starcom plc

("Starcomor the "Company")

 

Result of AGM

Grant of Options

Issue of shares to a director

 

Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that at its annual general meeting ("AGM") held earlier today, all resolutions were duly passed.

 

Grant of Options

 

Following the approval of shareholders at today's AGM and further to the announcement on 31 May 2019, the Company has now granted the Fee Options and Scheme Options to directors and senior management on the terms set out in the AGM notice. In aggregate 16,290,000 options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company has a total of 49,293,947 options over ordinary shares outstanding, which represents 14.31 per cent. of the Company's issued share capital as at the date of this announcement.

 

Following the grant of options, the directors of the Company have interests in options over new Shares as follows: 

 

Director

No. of Fee Options granted

No. of Scheme Options granted

Total no. of options over ordinary shares ("Total Options")

Total Options as a percentage of existing issued share capital of the Company

Michael Rosenberg

Chairman

600,000

1,000,000

7,822,710

2.27

Avi Hartmann

Chief Executive Officer

2,960,000

1,000,000

11,283,420

3.28

Avi Engel

Non-Executive Director

2,160,000

750,000

7,921,710

2.30

Igor Vatenmacher

Chief Financial Officer

-

1,000,000

2,000,000

0.58

Martin Blair

Non-Executive Director

2,160,000

750,000

2,910,000

0.84

 

The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

 

Issue of Fee Shares

 

Following shareholder approval of the issue of Fee Shares at the AGM today, Eastkings Limited has been issued with 880,000 new ordinary shares in the Company for the services of Michael Rosenberg as Chairman of the Company in the year to 31 March 2019. Further details were contained in the announcement on 31 May 2019.

 

On admission of the Fee Shares to trading on AIM, Michael Rosenberg will have an interest in 3,059,616 Shares, representing approximately 0.89 per cent. of the as enlarged issued share capital of the Company.

 

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

 

Total Voting Rights

 

Application has been made for the admission of the Fee Shares to trading on AIM ("Admission").  It is anticipated that Admission will become effective at 8.00 a.m. on 18 June 2019. 

 

Following Admission, the total number of ordinary shares and voting rights in the Company will be 345,329,513. From Admission, 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 pursuant to the FCA's Disclosure Guidance and Transparency Rules. 

 

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 31 May 2019 unless otherwise defined herein.

 

Enquiries:    

 

Starcom Plc


Michael Rosenberg, Chairman

07785 727 595

Avi Hartmann, CEO 

 

 

+972 5447 5663

Allenby Capital Limited (Nominated Adviser and Broker)

020 3328 5656

James Reeve / Jeremy Porter / Asha Chotai 

 

 


Peterhouse Capital Limited (Joint Broker)

020 7469 0930

Lucy Williams / Charles Goodfellow / Eran Zucker 

 

 


Leander PR (Financial PR)

07795 168 157

Christian Taylor-Wilkinson


 

 

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

Michael Rosenberg (Chairman)

Avi Hartmann (Chief Executive Officer)

Avi Engel (Non-executive Director)

Martin Blair (Non-Executive Director)

 

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

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

 Identification code

Options to subscribe for Ordinary Shares of no par value  

 

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Grant of options over ordinary shares in lieu of fees and salaries

c)

Price(s) and volume(s)

Director/PDMR

 Price(s)

Volume(s)

Michael Rosenberg

Exercisable at nil cost

600,000

Avi Hartmann

Exercisable at nil cost

2,960,000

Avi Engel

Exercisable at nil cost

2,160,000

Martin Blair

Exercisable at nil cost

2,160,000

 

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

Nil

7,880,000

e)

Date of the transaction

17 June 2019

f)

Place of the transaction

Outside a trading venue

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Rosenberg (Chairman)

Avi Hartmann (Chief Executive Officer)

Igor Vatenmacher (Chief Financial Officer)

Avi Engel (Non-executive Director)

Martin Blair (Non-Executive Director)

Uri Hartmann (Chief Operating Officer and a PDMR)

 

 

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

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

 Identification code

Options to subscribe for Ordinary Shares of no par value  

 

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Grant of options over ordinary shares under the Company's share option scheme

c)

Price(s) and volume(s)

Director/PDMR

 Price(s)

Volume(s)

Michael Rosenberg

Exercisable at 1.875p

1,000,000

Avi Hartmann

Exercisable at 1.875p

1,000,000

Igor Vatenmacher

Exercisable at 1.875p

1,000,000

Avi Engel

Exercisable at 1.875p

750,000

Martin Blair

Exercisable at 1.875p

750,000

Uri Hartmann

Exercisable at 1.875p

1,000,000

 

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

1.875p

5,500,000

e)

Date of the transaction

17 June 2019

f)

Place of the transaction

Outside a trading venue

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Rosenberg

 

2

Reason for the notification

a)

Position/status

Chairman

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

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

 Identification code

Ordinary shares of no par value

 

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Issue of ordinary shares in consideration of payment of outstanding fees

 

c)

Price(s) and volume(s)


Price(s)

Volume(s)

1.25p

880,000 new ordinary shares

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

17 June 2019

f)

Place of the transaction

Outside a trading venue

 


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