4 Sep 2015 16:01
4 September 2015
APC Technology Group PLC
("APC" or the "Company")
Exercise of Options and Total Voting Rights
APC Technology Group plc (AIM: APC), the provider of technologies and services intended to help improve organisational sustainability and specialist distributor of electronic components, announces that it has issued and allotted 30,000 new ordinary shares of 2 pence each in the Company ("Ordinary Shares") following the exercise of share options. The options were exercised at a price of 10 pence per share.
The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares, and it is expected that admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 10 September 2015.
Following admission of the new Ordinary Shares, the Company's issued share capital will consist of 91,603,948 ordinary shares with voting rights. APC does not hold any Ordinary Shares in treasury.
The above 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 Company under the Disclosure Rules and Transparency Rules. Any changes to the above expectation will be announced to the market as required.
Enquiries:
APC Technology Group PLC | 01634 290588 |
Leonard Seelig, Chairman Richard Hodgson, Chief Executive Officer
| www.apc-plc.co.uk |
Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker) | 020 7796 8800 |
Andrew Craig / Will Goode (Corporate Finance)
| |
Redleaf Communications (Financial PR) | 020 7382 4730 |
Rebecca Sanders-Hewett / David Ison / Susie Hudson | |
Notes to Editors:
Since 2009 APC has been in a process of diversification. The distribution of specialist electronic components, which has represented the majority of revenues since incorporation in 1982, remains a key part of the business but the rapid growth of the Minimise Group, which includes Minimise Energy, Minimise Solutions and Minimise Water (following the acquisition of Green Compliance plc) has created a sustainability focussed business that has the potential to generate profitable growth in future periods.
APC's sustainability related activities are designed to offer its clients a simple, 'one stop shop' approach to meeting their sustainability obligations. With sustainability related consulting, energy management, water management and project financing under one roof the relationships required to overcome the obstacles which have historically held up sustainability enhancing projects are being created.
APC's electronic component distribution business, trading as Advanced Power Components, sells specialist components into defence, aerospace, space, transportation medical and industrial sectors. The Group's value-add business model, centred upon the technical experience and capabilities of the Group's sales engineers, are of value to both clients and suppliers, for whom APC typically acts on an exclusive basis.