Last checked at 1 Oct 2021 07:35
1 October 2021
Starcom PLC
("Starcom" or the "Company")
Director shareholdings
The Board of Starcom (AIM: STAR), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces that following the conversion of the loan held by Avi Engel yesterday into 8 million new ordinary shares in the Company (as announced earlier today), it has been agreed that these shares will be acquired by Avi Hartmann, CEO of Starcom, for the original loan amount of £100,000 (a price of 1.25p per share). Avi Hartmann will also acquire the 1,744,000 shares issued to the Starcom employee that also converted his loan yesterday, for the original loan amount of NIS 100,000 (approximately £22,000 and 1.25p per share).
Following these transactions, the shareholdings in the Company of the directors concerned will be as follows:
Director | Total no. of Ordinary Shares held | Percentage of issued share capital of the Company |
Avi Hartmann | 43,052,224 | 11.21 |
Avi Engel | 3,108,334 | 0.81 |
Contacts:
Starcom Plc Michael Rosenberg, Chairman Avi Hartmann, CEO |
07785 727595 +972 5477 35663 |
Allenby Capital Limited (AIM Nominated Adviser and Joint Broker) Jeremy Porter/Piers Shimwell | 020 3328 5656 |
Peterhouse Capital Limited (Joint Broker) Lucy Williams/Charles Goodfellow/Eran Zucker | 020 7469 0930 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Avi Engel | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Starcom plc | ||||
b) | LEI | 213800XVU7WF3QMF4826 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of no par value
Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21 | ||||
b) | Nature of the transaction | Disposal of ordinary shares | ||||
c) | Price(s) and volume(s) | 8,000,000 shares at 1.25p per share | ||||
d) | Aggregated information - Aggregated volume - Price |
| ||||
e) | Date of the transaction | 1 October 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Avi Hartmann
| ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Starcom plc | ||||
b) | LEI | 213800XVU7WF3QMF4826 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument Identification code | Ordinary Shares of no par value
Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21 | ||||
b) | Nature of the transaction | Acquisition of ordinary shares | ||||
c) | Price(s) and volume(s) | 9,744,000 shares at 1.25p per share | ||||
d) | Aggregated information - Aggregated volume - Price |
| ||||
e) | Date of the transaction | 1 October 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||