Last checked at 13 Sep 2013 14:21
13 September 2013
Acal plc
("Acal" or the "Group"),
Exercise of Options
Application has been made to the UK Listing Authority and the London Stock Exchange for a listing of 36,249 ordinary shares of 5 pence each in the Company. These shares are being allotted to trade on the London Stock Exchange and to be admitted to the Official List upon allotment, pursuant to the Company's obligations under the Company's 2008 Long-Term Incentive Plan. Participants in the Company's 2008 Long-Term Incentive Plan have or will become entitled to these shares following the exercise of share options. These shares will rank equally with the existing ordinary shares of the Company.
Following Admission, the total number of Shares in issue and voting rights in the Company, excluding treasury shares, will be 31,332,127 ordinary shares. 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 Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Acal plc | |
G P Shillinglaw: Company Secretary | 01483 544500 |
Notes to Editors:
About Acal plc
Acal is a European leader in advanced technology solutions, providing marketing, engineering, design, manufacturing and other services through two divisions: Specialist Electronics and Supply Chain.
The Electronics division is a leading European specialist electronics supplier and the only such provider with an infrastructure to deliver a broad complementary range of specialist products and bespoke solutions across Europe. The Electronics division has completed six acquisitions in the last four years, more than doubling its underlying Electronics revenues. Acal's long term strategy is to gain significant additional market share through both organic growth and acquisition and to further enhance its value adding capabilities. The Supply Chain division provides inventory optimisation and outsource solutions to leading technology service providers.
Acal has operating companies across Europe including the UK, Germany, France, Benelux, Italy, Poland, Spain and the Nordic region. Additionally Acal has operating companies in Asia (China and South Korea) and Africa (South Africa).