LightwaveRF PLC Issue of VCT Placing Shares (8935Y)
December 11 2017 - 1:00AM
UK Regulatory
TIDMLWRF
RNS Number : 8935Y
LightwaveRF PLC
11 December 2017
11 December 2017
LightwaveRF plc
(AIM: LWRF)
Issue of VCT Placing Shares
On 30 October 2017, LightwaveRF plc ("LightwaveRF" or the
"Company"), the leading smart home solutions provider, announced a
conditional placing and subscription and open offer at a price of
16 pence per new Ordinary Share. The issue of certain of the
Conditional Placing Shares was conditional upon the Company
receiving advance assurance from HMRC that the Company's business
would qualify for VCT tax reliefs.
The Company announces that it has now received VCT Clearance.
Accordingly, application has been made for 10,725,917 new Ordinary
Shares to be admitted to trading on AIM. Admission is expected to
occur at 8.00 am on 13 December 2017.
Following Admission, the Company will have 71,572,647 Ordinary
Shares in issue and 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.
This announcement should be read in conjunction with the full
text of the Company's circular posted to Shareholders on 3 November
2017, copies of which are available on the Company's website at
www.lightwaveRF.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:
LightwaveRF plc www.lightwaveRF.com
Andrew Pearson, CEO +44 (0) 121 250 3625
Kevin Edwards, CFO
Stockdale Securities Limited
Tom Griffiths / Edward Thomas +44 (0) 20 7601 6100
Yellow Jersey www.yellowjerseypr.com
Charles Goodwin / Abena Affum +44 (0) 7747 788 221
/ Katie Bairsto
About LightwaveRF
LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart
home automation with the introduction of the market's first
Internet enabled devices in 2008. Today the Company markets a
complete smart home system for lighting, heating, power and
security.
LightwaveRF offers a cloud platform and an extensive range of
retrofitted LightwaveRF designed and manufactured sockets, dimmers,
relays, thermostats,
heating, energy, sensing, monitoring and control devices.
These devices are operated by conventional manual control,
handheld remote, smartphone and tablet based apps. The LightwaveRF
system can also be operated using Google Assistant and Amazon Alexa
voice control, is Apple HomeKit compatible and provides users with
dashboards to manage their smart home.
We are dedicated to making everyone's lives easier and more
fulfilled through world leading smart home technology.
For further information and to sign up for investor news alerts
please visit:
www.lightwaverf.com/corporate/
This information is provided by RNS
The company news service from the London Stock Exchange
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