TIDMTCN

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.      Percentage     Subscription       Open Offer         No. of Ordinary    Percentage 
                  of Existing    of Existing   Shares             Shares             Shares following    of Enlarged 
                  Ordinary       Ordinary      subscribed         subscribed         Admission           Share Capital 
                  Shares         Shares        for                for                                    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       Tel + 44 (0)20 7408 4080 
  David Coaten - Corporate Advisory 
  Henry Willcocks - Corporate Broking

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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February 04, 2020 07:26 ET (12:26 GMT)

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