10 Mar 2014 12:01
10 March 2014
JSJS DESIGNS PLC
(AIM: JSJS)
Proposed share consolidation
Proposed change of name
JSJS Designs plc ("JSJS" or the "Company"), British specialists in Radio Frequency technologies which enable households and business to remotely operate and control household applications including lighting, heating and security through smartphones and other web-based applications, announces that it is has today posted a circular to shareholders dated 10 March 2014 ("Circular") setting out details of a proposed consolidation of share capital ("Consolidation") and a proposed change in the Company's name.
The Directors are proposing to change the Company's name from JSJS Designs Plc to LightwaveRF Plc. JSJS markets much of its product range through the LightwaveRF brand and it is beginning to be well recognised, especially in the UK plumbing and electrical sectors and has shown the start of some consumer recognition. Combined with the proposed Consolidation, the Board believe this is the right time to change the Company's name to LightwaveRF Plc.
Under the share consolidation it is proposed that every 50 existing ordinary shares of 0.1p each will be consolidated into one new ordinary shares of 5p. Further details of the Consolidation are set out in the Circular.
The Consolidation and change of name are each subject to the approval of shareholders at the Company's AGM which is being held on 2 April 2014. If these resolutions are approved, trading in the consolidated shares should begin, and the change of name should take effect from, 3 April 2014, being the business day following the AGM.
The Definitions which apply in the Circular have been used in this announcement
Contacts: | |
JSJS Designs plc | www.jsjsdesigns.com |
Mike Lord, CEO | +44 (0) 1902 500 562 |
WH Ireland Limited | www.wh-ireland.co.uk |
Mike Coe | +44 (0) 117 945 3470 |
About JSJS Designs
JSJS Designs develops home automation systems to enable consumers to remotely operate everyday household appliances such as lighting, heating, air conditioning, door entry, audio, video and security. The Company is targeting the potentially significant mass market as consumers increasingly seek to "retro-fit" smart home technologies into their homes and, in the longer term, the "extra care" residential market where there is demand from the providers of such schemes to enable independent living for the elderly and physically immobile.