23 May 2019 15:57
23 May 2019
LightwaveRF plc
("LightwaveRF" or the "Company")
Issue of Equity
and
Total Voting Rights
Issue of Equity
Further to its announcements of 19 March 2019, 8 April 2019 and 29 April 2019, LightwaveRF (AIM: LWRF), the leading smart homes solutions provider, announces that application has been made for 4,978,420 new Ordinary Shares to be admitted to trading on AIM. These shares form part of the 10,329,600 Deferred Settlement Shares, details of which were set out in the Company's circular dated 1 March 2019. Admission is expected to occur at 8.00 a.m. on 24 May 2019 ("Admission").
The Company has agreed that settlement be deferred in respect of the remaining 4,166,027 Deferred Settlement Shares, forming part of the Conditional Subscription. Settlement of the remaining Deferred Settlement Shares is expected by 28 June 2019.
Total Voting Rights
Following Admission, the Company will have 102,023,817 Ordinary Shares in issue and admitted to trading on AIM. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
A further announcement relating to the balance of the Deferred Settlement Shares will be made in due course.
This announcement should be read in conjunction with the full text of the Circular dated 1 March 2019, copies of which are available on the Company's website at www.lightwaverf.com. Capitalised terms in this announcement have the same meaning as given in the Circular.
For further enquiries please contact:
LightwaveRF plc Jason Elliott, CEO Kevin Edwards, CFO | www.LightwaveRF.com +44 (0) 121 250 3625 |
Stockdale Securities Limited Tom Griffiths/David Coaten |
+44 (0) 20 7601 6100 |
Yellow Jersey PR Charles Goodwin | www.yellowjerseypr.com +44 (0) 7747 788 221 |
About LightwaveRF
LightwaveRF is the UK's only fully integrated home automation company.
New customers typically buy a starter pack of Link Plus hub and smart dimmer which has Apple HomeKit compatibility, 2-way communication and built-in energy monitoring. Later adding other easy to install devices from the Lightwave range enables further in-home control, monitoring and automation of lighting, heating and power.
Devices may be operated manually, by smartphone or tablet-based apps and also through Google Assistant and Amazon Alexa voice control.
Leading tech industry publication 9to5 Mac describes LightwaveRF as "the best UK HomeKit solution for smart lighting".
For further information and "Newsletter sign up", please visit: www.LightwaveRF.com/corporate/