7 Jul 2017 15:36
Stilo International plc
Issue of new shares
Exercise of Share Options
The Board of Stilo International plc ("Stilo" or the "Company") (LSE:STL), the AIM quoted software and cloud services company, announces that it has today issued 87,000 new ordinary shares of 1p each in the company (''Ordinary Shares'') following notification of the exercise of share options by an employee. The exercise price of the new shares is 1.5 pence per share.
Application has been made for the 87,000 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 13th July 2017.
The Ordinary Shares will rank pari passu with the existing shares of the Company. Following allotment of the Ordinary Shares, the total issued share capital of the Company will be 113,930,470 ordinary shares.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Stilo following this allotment will consist of 113,930,470 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Stilo under the DTRs.
ENQUIRIES
Stilo International plcLes Burnham, Chief ExecutiveT +44 (0)1793 441444
| SPARK Advisory Partners (Nominated Adviser)Neil Baldwin T +44 (0) 203 368 3554Mark Brady T +44 (0) 203 368 3551 SI Capital (Broker) Nick Emerson Andy Thacker T +44 (0) 1483 413500 |