Last checked at 2 Feb 2018 14:48
2 February 2018
discoverIE Group plc (the "Company")
Total Voting Rights
In accordance with the FCA's Disclosure and Transparency Rule 5.6.1R, the Company notifies the market of the following:
Further to the announcement made on 1 February 2018, 223,648 ordinary shares with nominal value of 5p each ("Ordinary Shares") were issued and allotted to the vendor of EWAC Holdings BV. Admission of these Ordinary Shares is expected to occur at 8:00 a.m. on 6 February 2018 ("Admission"). Following Admission, the Company's issued share capital consists of 70,938,507 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Accordingly, following Admission, the total number of Ordinary Shares with voting rights is 70,938,507.
Following Admission, the above figure of 70,938,507 Ordinary Shares may be used by shareholders of 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
discoverIE Group plc Joanna Harkus Madge: Company Secretary | 01483 544 500
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Notes to Editors:
About discoverIE Group plc
discoverIE Group (LSE: DSCV; previously Acal plc) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.
The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.
By focussing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.
The Group employs c.4,000 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.
The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share have doubled.