Elecosoft Regulatory News (ELCO)

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Result of Scrip Dividend

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company's announcement on 27 March 2017, it has received final valid elections for the scrip dividend alternative in respect of 22,392,783 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 29.0 per cent. of the Company's issued ordinary share capital.

Accordingly, based on the previously announced reference price of 38.95p per share and the interim dividend of 0.25p per share, a total of 143,715 new ordinary shares of 1p each have been allotted by the Company ("New Ordinary Shares") to shareholders who elected to receive the scrip dividend alternative. 

Application has been made for the 143,715 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 31 May 2017. Following Admission, Elecosoft will have 77,233,065 Ordinary Shares. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 77,233,065.

About Elecosoft plc

Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO). It is a specialist international provider of software and related services to the architectural, engineering, construction and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software programs cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions.

For more information, please visit www.elecosoft.com