REG - Starcom PLC - Result of General Meeting

t42 IoT Tracking SolutionsAnnouncement

19/11/2021 11:25

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RNS Number : 9923S  Starcom PLC  19 November 2021

19 November 2021

Starcom PLC

("Starcom" or the "Company")

 

Result of General Meeting

 

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 General Meeting ("GM") held earlier
today, all resolutions were passed. The proxy voting results will be
available on the Company's website, www.starcomsystems.com
(http://www.starcomsystems.com/) , later today.

 

Among the Resolutions approved at the GM was to change the name of the Company
to t42 IoT Tracking Solutions plc.  The Company will now make the appropriate
filing with the Jersey Financial Services Commission for the name change to
become effective and a further announcement will be made once this is
completed.  As part of the name change process, the TIDM ("ticker") for the
Company's ordinary shares on AIM will change to "TRAC".

 

In addition, Resolutions were approved at the GM for the Share Consolidation
to take effect, details of which were set out in the Company's announcement
on 3 November 2021, including the timetable of events.  The Share
Consolidation is expected to become effective on 22 November 2021 and
admission to trading on AIM of the new 52,526,822 ordinary shares of no par
value in the Company ("Admission") is also expected to occur on 22 November
2021.

 

From Admission, the new ISIN code for the Company's ordinary shares of no par
value will be JE00BKVDPL34 and their new SEDOL code will be BKVDPL3.

 

Total Voting Rights

 

Upon Admission, the Company's issued share capital will consist
of 52,526,822 ordinary shares of no par value with one voting right each.
The Company does not hold any Ordinary Shares in treasury. Therefore, the
total number of Ordinary Shares and voting rights in the Company will
be 52,526,822. With effect from Admission, 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 to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the announcement published on 3
November 2021.

 

Contacts:

 

 Starcom Plc

 Michael Rosenberg, Chairman                                       07785 727595

 Avi Hartmann, CEO                                                 +972 5477 35663

 Allenby Capital Limited (AIM Nominated Adviser and Joint Broker)  020 3328 5656

 Jeremy Porter/Piers Shimwell

 Peterhouse Capital Limited (Joint Broker)                         020 7469 0930

 Lucy Williams/Charles Goodfellow/Eran Zucker

 Yellow Jersey PR (Financial PR)                                   020 3004 9512

 Tom Randell/Henry Wilkinson/Annabelle Wills                       t42@yellowjerseypr.com

 

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