Volex PLC Completion of Acquisition of Silcotec (3658Q)
June 05 2018 - 7:00AM
UK Regulatory
TIDMVLX
RNS Number : 3658Q
Volex PLC
05 June 2018
THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION
CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE
OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW
ZEALAND, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR
ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Capitalised terms used in this announcement shall have the same
meanings as the definitions set out in the Company's announcement
of 16 May 2018 and in the Circular.
Volex plc
("Volex" or the "Company")
Completion of Acquisition of Silcotec and Issue of Consideration
Shares
Volex plc (AIM: XLX), the global provider of cable assemblies,
announces that further to the announcement of the proposed
acquisition of Silcotec on 16 May 2018 and the admission of the
Placing Shares on 5 June 2018, 3,521,437 ordinary shares in the
Company (the "Consideration Shares") have been conditionally
allotted to Silcotec to satisfy the share element of the
consideration payable pursuant to the Acquisition. The
Consideration Shares are subject to a one year lock up.
Application has been made to the London Stock Exchange for the
admission of the 3,521,437 Consideration Shares to trading on AIM
("Admission"). Admission of the Consideration Shares is expected to
take place at 8.00am on 8 June 2018. Completion of the Acquisition
shall take place automatically immediately following Admission.
The company's total issued share capital following Admission
will consist of 144,773,329 ordinary shares of 25 pence each with
one voting right per share. The Company holds 1,295,360 ordinary
shares in treasury therefore the number of ordinary shares in issue
less the total number of treasury shares following admission will
be 143,477,969.
For further information, please contact:
Volex plc Tel: 07909 995887
Nat Rothschild, Executive Chairman
Daren Morris, CFO
Liberum
(Nominated Adviser & Sole Bookrunner) Tel: 0203 100 2222
Steve Pearce
Euan Brown
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
ACQZMGGVMKFGRZM
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June 05, 2018 08:00 ET (12:00 GMT)
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