Last checked at 6 Nov 2017 07:00
6 November 2017
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 25 September 2017, it has received final results for the scrip dividend alternative in respect of 44,332,224 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") received shares. This figure represents approximately 57.6 per cent. of the Company's issued ordinary share capital.
Accordingly, based on the previously announced reference price of 43.25p per share and the interim dividend of 0.20p per share, a total of new ordinary shares of 1p each have been allotted by the Company ("New Ordinary Shares") to shareholders to receive the scrip dividend alternative.
Application has been made for 204,629 New Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 9 November 2017. Following Admission, Elecosoft will have 77,440,700 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 77,440,700.
For further information please contact:
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Elecosoft plc JHB Ketteley, Executive Chairman Jonathan Hunter, Group Marketing & Business Development Director | www.elecosoft.com Tel: 0207 422 0044 |
finnCap Ltd | |
Adrian Hargrave / Kate Bannatyne (Corporate Finance) Camille Gochez (Corporate Broking) | Tel: 0207 220 0500 |
Redleaf Communications | |
Elisabeth Cowell / Fiona Norman | Tel: 0207 382 4730 elecosoft@redleafpr.com
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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.