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Result of Meeting, TVR and Directors' Dealing

4 Feb 2020 12:26

RNS Number : 9305B
Tricorn Group PLC
04 February 2020
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

4 February 2020

Tricorn Group plc

("Tricorn" or the "Company")

 

Result of General Meeting

Total Voting Rights

and

Directors' Participation

Result of Meeting

Tricorn (AIM:TCN.L), the AIM quoted tube manipulation specialist, announces that all Resolutions put to Shareholders at the General Meeting held earlier today (including the Whitewash Resolution) were duly passed.

Application has therefore been made for, in aggregate, 14,924,285 new Ordinary Shares to be admitted to trading on AIM comprising 4,643,100 Placing Shares, 5,356,900 Subscription Shares, 4,899,285 Open Offer Shares and 25,000 Broker Shares. Admission is expected to occur at 8.00 am on 5 February 2020. 

Total Voting Rights

Following Admission, the Company will have 49,219,285 Ordinary Shares in issue admitted to trading on AIM. 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Directors' Participation

Roger Allsop, a Non-Executive Director of the Company, and Andrew Moss, the Non-Executive Chairman of the Company, each participated in the Subscription by subscribing for Subscription Shares at the Issue Price and in the Open Offer by subscribing for their Basic Entitlements, as announced on 17 January 2020. The Directors' resulting shareholdings immediately following Admission are detailed below:

Director

Total No. of Existing Ordinary Shares

Percentage of Existing Ordinary Shares

Subscription Shares subscribed for

Open Offer Shares subscribed for

No. of Ordinary Shares following Admission

Percentage of Enlarged Share Capital following Admission

Andrew Moss

550,000

1.60%

356,900

 78,570

985,470*

2.00%

Mike Welburn

100,000

0.29%

-

-

100,000

0.20%

Phil Lee

508,558

1.48%

-

-

508,558**

1.03%

David Leakey

-

-

-

-

-

0.00%

Roger Allsop

11,220,000

32.72%

5,000,000

1,602,857

17,822,857***

36.21%

Total

12,378,558

36.09%

5,356,900

1,681,427

19,416,885

39.45%

* This includes 471,185 Ordinary Shares beneficially held by Jane Moss.

** This includes 8,720 Ordinary Shares beneficially held by Olivia Lee, Phil Lee's daughter.

*** This includes 6,400,000 Ordinary Shares held by Yvonne Allsop, Roger Allsop's wife, and 800,000 Ordinary Shares held by The Roger Allsop Discretionary Settlement. 

This announcement should be read in conjunction with the full text of the Circular which was posted to Shareholders on 17 January 2020, copies of which are available on the Company's website at www.tricorn.uk.com. Capitalised terms in this announcement have the same meaning as given in the Circular.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For further information please contact:

Tricorn Group plc

 

 

Mike Welburn, Chief Executive

 

Tel +44 (0)1684 569956

Phil Lee, Group Finance Director

 

www.tricorn.uk.com

 

 

corporate@tricorn.uk.com 

Shore Capital

 

 

Tom Griffiths - Corporate Advisory

David Coaten - Corporate Advisory

Henry Willcocks - Corporate Broking

 

Tel + 44 (0)20 7408 4080

 

The person responsible for arranging the release of this announcement on behalf of the Company is Mike Welburn, Chief Executive Officer of the Company.

Notes to Editors:

Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide.

For further information, please visit: www.tricorn.uk.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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