Last checked at 3 May 2016 12:15
3 May 2016
Starcom Plc
("Starcom" or the "Company")
Result of AGM
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that at the AGM held today all the resolutions were duly passed, including the resolution to allot a total of 10,998,334 Shares to the Directors and founding shareholders of the Company at a price of 1.5 pence per Share ("the Tranche Two Shares") as part of the conditional Placing announced on 24 March 2016.
Application has been made for admission to trading on AIM of the Tranche Two Shares which is expected to occur at 8.00 am on 4 May 2016 ("Admission"). On Admission, the Tranche Two Shares will rank pari passu with the Company's existing Ordinary Shares.
Directors' and founding shareholders' interests
Following Admission, the Directors and founding shareholders will have the following interests in the Ordinary Shares of the Company:
Director | No. of Tranche Two Shares | Resultant shareholding |
% of voting rights |
Avi Hartmann | 3,100,000 | 20,711,168 | 15.2% |
Avi Engel | 498,334 | 498,334 | 0.4% |
Michael Rosenberg* | 1,200,000 | 1,395,000 | 1.0% |
Founding shareholder | |||
Uri Hartman | 3,100,000 | 22,111,166 | 16.3% |
Doron Kedem | 3,100,000 | 22,111,166 | 16.3% |
* Mr Rosenberg's shares are held through his personal pension plan of which he is the sole beneficiary.
Total voting rights
Following Admission, the Company's enlarged issued share capital will comprise 135,830,680 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 135,830,680. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
-ends-
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 | 020 3861 6625 |
Nominated Adviser and Broker Edward Hutton / David Hignell (Corporate Finance) John Howes / Abigail Wayne (Sales and Broking)
| |
Peterhouse Corporate Finance Limited Joint Broker | 020 7469 0930 |
Lucy Williams / Charles Goodfellow / Eran Zucker
| |
Leander PR Financial PR | |
Christian Taylor-Wilkinson | 020 7520 9267 07795 168 157 |