Last checked at 17 Jun 2019 14:45
17 June 2019
Starcom plc
("Starcom" or the "Company")
Result of AGM
Grant of Options
Issue of shares to a director
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that at its annual general meeting ("AGM") held earlier today, all resolutions were duly passed.
Grant of Options
Following the approval of shareholders at today's AGM and further to the announcement on 31 May 2019, the Company has now granted the Fee Options and Scheme Options to directors and senior management on the terms set out in the AGM notice. In aggregate 16,290,000 options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company has a total of 49,293,947 options over ordinary shares outstanding, which represents 14.31 per cent. of the Company's issued share capital as at the date of this announcement.
Following the grant of options, the directors of the Company have interests in options over new Shares as follows:
Director | No. of Fee Options granted | No. of Scheme Options granted | Total no. of options over ordinary shares ("Total Options") | Total Options as a percentage of existing issued share capital of the Company |
Michael Rosenberg Chairman | 600,000 | 1,000,000 | 7,822,710 | 2.27 |
Avi Hartmann Chief Executive Officer | 2,960,000 | 1,000,000 | 11,283,420 | 3.28 |
Avi Engel Non-Executive Director | 2,160,000 | 750,000 | 7,921,710 | 2.30 |
Igor Vatenmacher Chief Financial Officer | - | 1,000,000 | 2,000,000 | 0.58 |
Martin Blair Non-Executive Director | 2,160,000 | 750,000 | 2,910,000 | 0.84 |
The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.
Issue of Fee Shares
Following shareholder approval of the issue of Fee Shares at the AGM today, Eastkings Limited has been issued with 880,000 new ordinary shares in the Company for the services of Michael Rosenberg as Chairman of the Company in the year to 31 March 2019. Further details were contained in the announcement on 31 May 2019.
On admission of the Fee Shares to trading on AIM, Michael Rosenberg will have an interest in 3,059,616 Shares, representing approximately 0.89 per cent. of the as enlarged issued share capital of the Company.
The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.
Total Voting Rights
Application has been made for the admission of the Fee Shares to trading on AIM ("Admission"). It is anticipated that Admission will become effective at 8.00 a.m. on 18 June 2019.
Following Admission, the total number of ordinary shares and voting rights in the Company will be 345,329,513. From Admission, 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 share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 31 May 2019 unless otherwise defined herein.
Enquiries:
Starcom Plc | |
Michael Rosenberg, Chairman | 07785 727 595 |
Avi Hartmann, CEO
| +972 5447 5663 |
Allenby Capital Limited (Nominated Adviser and Broker) | 020 3328 5656 |
James Reeve / Jeremy Porter / Asha Chotai
| |
Peterhouse Capital Limited (Joint Broker) | 020 7469 0930 |
Lucy Williams / Charles Goodfellow / Eran Zucker
| |
Leander PR (Financial PR) | 07795 168 157 |
Christian Taylor-Wilkinson |
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 | Michael Rosenberg (Chairman) Avi Hartmann (Chief Executive Officer) Avi Engel (Non-executive Director) Martin Blair (Non-Executive Director)
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2 | Reason for the notification | ||||||||||||||||
a) | Position/status | See 1 a) above | |||||||||||||||
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 | Options to subscribe for Ordinary Shares of no par value
Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21 | |||||||||||||||
b) | Nature of the transaction | Grant of options over ordinary shares in lieu of fees and salaries | |||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 17 June 2019 | |||||||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||
a) | Name | Michael Rosenberg (Chairman) Avi Hartmann (Chief Executive Officer) Igor Vatenmacher (Chief Financial Officer) Avi Engel (Non-executive Director) Martin Blair (Non-Executive Director) Uri Hartmann (Chief Operating Officer and a PDMR)
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2 | Reason for the notification | ||||||||||||||||||||||
a) | Position/status | See 1 a) above | |||||||||||||||||||||
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 | Options to subscribe for Ordinary Shares of no par value
Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21 | |||||||||||||||||||||
b) | Nature of the transaction | Grant of options over ordinary shares under the Company's share option scheme | |||||||||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
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e) | Date of the transaction | 17 June 2019 | |||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Rosenberg
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2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
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 | Issue of ordinary shares in consideration of payment of outstanding fees
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 17 June 2019 | ||||
f) | Place of the transaction | Outside a trading venue | ||||