12 Jun 2019 15:47
12 June 2019
Tricorn Group plc
("Tricorn" or the "Company")
Exercise of options
Exercise of Options
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announces that application has been made for the admission to trading on AIM of 500,000 new ordinary shares of 10p each in the Company ("Shares") pursuant to an exercise, at 10p per share, of options by Phil Lee, Group Finance Director.
Following the option exercise, Mr Lee's resultant interest will comprise 555,438 Shares, representing approximately 1.62 per cent. of the Company's enlarged issued share capital.
The new Shares shall rank pari passu in all respects with the Company's existing Shares and dealings are expected to commence in the Shares at 8.00 a.m. on 13 June 2019.
Total Voting Rights
Immediately following the admission of the new Shares, the Company's issued share capital shall comprise 34,295,000 ordinary shares of 10p each with voting rights (which number 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 Guidance and Transparency Rules)
For further information please contact:
Tricorn Group plc Mike Welburn, Chief Executive Phil Lee, Group Finance Director
| +44 (0) 1684 569 956 www.tricorn.uk.com |
Stockdale Securities Tom Griffiths Henry Willcocks | +44 (0) 20 7601 6100 |
Notes to Editors:
Tricorn is a value-added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.