REG - Starcom PLC - Result of AGM and grant of options

t42 IoT Tracking SolutionsAnnouncement

15/07/2021 13:30

RNS Number : 4031F
  
Starcom PLC
  
15 July 2021
  
 

15 July 2021
Starcom plc
("Starcom" or the "Company")
 
Result of AGM
Grant of Options to Directors
 
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 passed. The proxy voting results and AGM presentation will be available on the Company's website, www.starcomsystems.com, later today.
 
Grant of Options
 
Following the approval of shareholders at today's AGM and further to the announcement on 23 June 2021 ("Announcement"), the Company has now granted the Fee Options to the Non-Executive Directors on the terms set out in the Announcement and AGM notice. In aggregate 6,251,162 Fee Options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company now has a total of 52,645,109 options over ordinary shares outstanding, which represents 14.43 per cent. of the Company's issued share capital as at the date of this announcement.
 
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.
 
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 23 June 2021 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




Jeremy Porter / Piers Shimwell
 
 


 




Peterhouse Capital Limited (Joint Broker)


020 7469 0930




Lucy Williams / Charles Goodfellow / Eran Zucker 
 
 


 




 
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 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


2,232,558




Avi Engel


Exercisable at nil cost


2,009,302




Martin Blair


Exercisable at nil cost


2,009,302




 




d)


Aggregated information
- Aggregated volume
- Price








Price(s)


Volume(s)




Nil


6,251,162




 




e)


Date of the transaction


15 July 2021




f)


Place of the transaction


Outside a trading venue




 
 

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