Elecosoft PLC Result of Scrip Dividend (1486G)
May 25 2017 - 1:25AM
UK Regulatory
TIDMELCO
RNS Number : 1486G
Elecosoft PLC
25 May 2017
Elecosoft plc
("Elecosoft", the "Company" or the "Group")
Result of Scrip Dividend
Elecosoft plc (AIM: ELCO), the AIM-listed construction software
specialist, announces that further to the Company's announcement on
27 March 2017, it has received final valid elections for the scrip
dividend alternative in respect of 22,392,783 existing ordinary
shares of 1p each in the capital of the Company ("Ordinary
Shares"). This figure represents approximately 29.0 per cent. of
the Company's issued ordinary share capital.
Accordingly, based on the previously announced reference price
of 38.95p per share and the interim dividend of 0.25p per share, a
total of 143,715 new ordinary shares of 1p each have been allotted
by the Company ("New Ordinary Shares") to shareholders who elected
to receive the scrip dividend alternative.
Application has been made for the 143,715 New Ordinary Shares to
be admitted to trading on AIM. Admission is expected to become
effective on 31 May 2017. Following Admission, Elecosoft will have
77,233,065 Ordinary Shares. All Ordinary Shares shall have equal
voting rights and none of the Ordinary Shares are held in treasury.
The total number of voting rights in the Company immediately
following Admission will therefore be 77,233,065.
For further information please
contact:
Elecosoft plc www.elecosoft.com
JHB Ketteley , Executive Chairman Tel: 0203 857 5210
David Pearson, Finance Director
finnCap Ltd
Adrian Hargrave / Kate Bannatyne Tel: 0207 220 0500
(Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications
Rebecca Sanders-Hewett / David Tel: 0207 382 4730
Ison / Susie Hudson elecosoft@redleafpr.com
About Elecosoft plc
Elecosoft is listed on the Alternative Investment Market in
London (AIM: ELCO). It is a specialist international provider of
software and related services to the architectural, engineering,
construction and digital marketing industries from centres of
excellence in the UK, Sweden, Germany and the US. Elecosoft's
market leading software solutions are developed by teams in the
United Kingdom, Sweden and Germany; and its software programs cover
project management, construction site management, estimating,
timber engineering, 3D design and visualisation, and cloud based
digital marketing solutions.
For more information, please visit www.elecosoft.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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