Elecosoft PLC Result of Scrip Dividend (8052A)
May 31 2019 - 8:55AM
UK Regulatory
TIDMELCO
RNS Number : 8052A
Elecosoft PLC
31 May 2019
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
19 March 2019, it has received final results for the scrip dividend
alternative in respect of 46,530,503 existing ordinary shares of 1p
each in the capital of the Company ("Ordinary Shares"). This figure
represents approximately 56.87 per cent of the Company's issued
Ordinary Share capital.
Accordingly, based on the previously announced reference price
of 74.74 pence per share and the final approved dividend of 0.40p
per share, a total of 248,585 new Ordinary Shares have been
allotted by the Company to shareholders to receive the scrip
dividend.
Pursuant to the scrip dividend, the following Directors will
receive new Ordinary Shares in the Company:
Name Position Number of existing New Ordinary Total number of % of the
Ordinary Shares Shares pursuant Ordinary Shares issued
held to the Scrip held following share capital
Dividend Admission following
Admission
Executive
John Ketteley Chairman 9,235,113 48,973 9,284,086 11.31%
Non-Executive
David Dannhauser Director 449,339 2,384 451,723 0.55%
Application has been made for 248,585 new Ordinary Shares to be
admitted to trading on AIM. Admission is expected to become
effective on 2 June 2019. Following Admission, Elecosoft will have
82,067,992 Ordinary Shares in issue. 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 82,067,992.
For further information, please contact:
Elecosoft plc Tel: +44 (0)20 7422
8000
JHB Ketteley, Executive Chairman
Jonathan Hunter, Chief Operating Officer
Ben Moralee, Finance Director
finnCap Ltd Tel: +44 (0)20 7220
0500
Geoff Nash / Kate Bannatyne (Corporate Finance)
Camille Gochez (Corporate Broking)
Newgate Communications Tel: +44 (0)20 3757
6880
Elisabeth Cowell / Fiona Norman
About Elecosoft plc
Elecosoft is a specialist international provider of software and
related services to the Architectural, Engineering, Construction
and Owner-Operator industries 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
solutions cover project management, construction site management,
estimating, timber engineering, 3D design and visualisation, and
cloud based digital marketing solutions. Elecosoft is listed on the
Alternative Investment Market in London (AIM: ELCO).
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Ketteley
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Executive Chairman
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Elecosoft plc
------------------------------- ----------------------------------
b) LEI 21380016GT9Z6ZQX4T37
------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of 1 pence each
Financial instrument, ("Ordinary Shares")
type of instrument
Identification code ELCO GB0003081246
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Ordinary Shares pursuant
to scrip dividend
------------------------------- ----------------------------------
c) Price(s) and volume(s) 74.74 pence per Ordinary Share
48,973 Ordinary Shares
------------------------------- ----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
------------------------------- ----------------------------------
e) Date of the transaction 4 June 2019
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Dannhauser
------------------------------- ----------------------------------
2. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------- ----------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Elecosoft plc
------------------------------- ----------------------------------
b) LEI 21380016GT9Z6ZQX4T37
------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
-------------------------------------------------------------------
a) Description of the Ordinary shares of 1 pence each
Financial instrument, ("Ordinary Shares")
type of instrument
Identification code ELCO GB0003081246
------------------------------- ----------------------------------
b) Nature of the transaction Issue of Ordinary Shares pursuant
to scrip dividend
------------------------------- ----------------------------------
c) Price(s) and volume(s) 74.74 pence per Ordinary Share
2,384 Ordinary Shares
------------------------------- ----------------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
------------------------------- ----------------------------------
e) Date of the transaction 2 June 2019
------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
------------------------------- ----------------------------------
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END
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