TRAC T42 Iot Tracking Solutions Plc

TIDMSTAR

RNS Number : 7097I

Starcom PLC

21 June 2017

21 June 2017

Starcom Plc

("Starcom" or the "Company")

Director/PDMR transaction

Following the announcement released earlier today in relation to the placing of 43,000,002 new Ordinary Shares (the "Placing Shares") by the Company (the "Placing"), the Company is pleased to announce that Michael Rosenberg has now subscribed for 333,334 new Ordinary Shares of no par value (the "Director Placing Shares") on the same terms as the Placing.

As a result, the Company has now conditionally raised GBP650,000 by the issue of 43,333,336 new Ordinary Shares. The Placing Shares and the Director Placing Shares (together the "New Shares") represent 21.5 per cent. of the enlarged issued share capital of the Company.

Application for Admission and Block Admission

Application has been made for the New Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Application has also been made for the Block Admission of up to 8,666,667 new Ordinary Shares of no par value which may be issued pursuant to the exercise of the Placing Warrants. It is anticipated that Admission and the Block Admission will become effective at 8.00 am on 26 June 2017.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 201,171,053 Ordinary Shares. The Company does not hold any shares in treasury. Therefore, the total number of Ordinary Shares with voting rights will be 201,171,053. This figure 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

-ends-

For further information, please contact:

Starcom Plc

Michael Rosenberg, Chairman 07785 727 595

Avi Hartmann, CEO +972 5430 70103

+972 3619 9901

Northland Capital Partners Limited

(Nominated Adviser and Broker) 020 3861 6625

Edward Hutton / David Hignell (Corporate Finance)

   John Howes   (Sales and Broking) 
   Peterhouse Corporate Finance (Joint Broker)                                     020 7469 0930 

Lucy Williams / Charles Goodfellow / Eran Zucker

Leander PR (Financial PR) 020 7520 9267

Christian Taylor-Wilkinson 07795 168 157

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 21, 2017 04:12 ET (08:12 GMT)

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