REG - Starcom PLC - Director Shareholdings

t42 IoT Tracking SolutionsAnnouncement

01/10/2021 07:40

RNS Number : 6999N
  
Starcom PLC
  
01 October 2021
  
 

1 October 2021 
Starcom PLC
("Starcom" or the "Company")
 
Director shareholdings
 
The Board of Starcom (AIM: STAR), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces that following the conversion of the loan held by Avi Engel yesterday into 8 million new ordinary shares in the Company (as announced earlier today), it has been agreed that these shares will be acquired by Avi Hartmann, CEO of Starcom, for the original loan amount of £100,000 (a price of 1.25p per share). Avi Hartmann will also acquire the 1,744,000 shares issued to the Starcom employee that also converted his loan yesterday, for the original loan amount of NIS 100,000 (approximately £22,000 and 1.25p per share). 
 
Following these transactions, the shareholdings in the Company of the directors concerned will be as follows:
 



Director


Total no. of Ordinary Shares held


Percentage of issued share capital of the Company




Avi Hartmann


43,052,224


11.21




Avi Engel


3,108,334


0.81



 
Contacts:
 



Starcom Plc
Michael Rosenberg, Chairman
Avi Hartmann, CEO


 
07785 727595
+972 5477 35663




Allenby Capital Limited (AIM Nominated Adviser and Joint Broker)
Jeremy Porter/Piers Shimwell


020 3328 5656




Peterhouse Capital Limited (Joint Broker)
Lucy Williams/Charles Goodfellow/Eran Zucker


020 7469 0930



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


Avi Engel




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


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


Disposal of ordinary shares




c)


Price(s) and volume(s)


8,000,000 shares at 1.25p per share




d)


Aggregated information
- Aggregated volume
- Price






Price(s)


Volume(s)




1.25p


8,000,000








e)


Date of the transaction


1 October 2021




f)


Place of the transaction


Outside a trading venue



 



 1


Details of the person discharging managerial responsibilities / person closely associated




a)


Name


Avi Hartmann
 




2


Reason for the notification




a)


Position/status


CEO




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


Acquisition of ordinary shares




c)


Price(s) and volume(s)


9,744,000 shares at 1.25p per share




d)


Aggregated information
- Aggregated volume
- Price






Price(s)


Volume(s)




1.25p


9,744,000








e)


Date of the transaction


1 October 2021




f)


Place of the transaction


Outside a trading venue



 

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