Issue of Shares/Dir. Dealings
April 23 2007 - 10:28AM
UK Regulatory
RNS Number:3601V
Eicom PLC
23 April 2007
EICOM plc ("Eicom" or "the Company"; stock code: EIC)
Issue of Ordinary Shares and Directors' Dealings
Eicom announces that it has allotted 210,084 Ordinary Shares with a nominal
value at 0.5p at 15.5p each under agreements whereby suppliers of the Company
have agreed to receive payment in the form of ordinary shares in Eicom.
Included within this number are the following allotments in part payment for the
provision of services by the non-executive directors as stated in their service
agreements.
Recipient Company Name of Director Ordinary Shares
Avonglen Limited William Harris 68,955
BNSJ Limited Ben Keen 54,839
An application will be made for these shares to be admitted to AIM, and trading
is expected to commence on 27 April 2007.
As a result of these transactions the two named directors have the following
beneficial ownership in the enlarged share capital of the Company:
Percentage of
Name of Director Number of Shares Total Voting Rights
William Harris 118,845 0.7%
Ben Keen 54,839 0.3%
This brings the total number of Ordinary Shares with voting rights to 18,190,480
which 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 of their interest is, the share capital of the Company
under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Steve Timmins of Eicom plc 0870 850 8102
Fiona Owen - Grant Thornton Corporate Finance 020 7383 5100
David Morgan or Glynn Reece of Pacific Continental Securities 020 7769 7769
Susan Scott / Michael Padley of Bankside Consultants 020 7444 4140
This information is provided by RNS
The company news service from the London Stock Exchange
END
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