Last checked at 10 Oct 2017 07:00
10 October 2017
Starcom Plc
("Starcom" or the "Company")
Notice of General Meeting
The Directors of Starcom (AIM: STAR) announce that the Company is today posting a circular to shareholders containing a notice convening a general meeting of the Company (the "General Meeting") to be held at the offices of Peterhouse Corporate Finance Limited, New Liverpool House, 15 Eldon Street, London EC2M 7LD at 11.00 a.m. on 26 October 2017.
The General Meeting will consider resolutions to seek new authorities from shareholders to allot shares for general purposes and on a non-pre-emptive basis. The notice of General Meeting will be available on the Company's website at www.starcomsystems.com
In his Chairman's letter, set out in the notice of General Meeting, Michael Rosenberg commented:
"The new agreements which have been secured by the Company (as summarised in the recent interim results report) and the possibility of further new agreements now under negotiation have increased the Company's working capital requirements. The Directors consider it important, and in the best interests of the Company, that they have the ability to move quickly to secure new funds if the opportunity to do so should arise. As reported in the interim results report, activity is at a high level and the Directors are confident that revenues for 2017 will exceed last year's. It is encouraging that current agreements already anticipate a good start to 2018."
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This announcement contains inside information.
For further information, please contact:
Starcom Plc
Michael Rosenberg, Chairman 07785 727 595
Avi Hartmann, CEO +972 5430 70103
+972 3619 9901
Northland Capital Partners Limited (Nominated Adviser and Broker) 020 3861 6625
Edward Hutton / David Hignell (Corporate Finance)
John Howes (Sales and Broking)
Peterhouse Corporate Finance (Joint Broker) 020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR) 020 7520 9267
Christian Taylor-Wilkinson 07795 168 15