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Result of Scrip Dividend

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 Ordinary Shares held

New Ordinary Shares pursuant to the Scrip Dividend

Total number of Ordinary Shares held following Admission

% of the issued share capital following Admission

John Ketteley

Executive Chairman

9,235,113

48,973

9,284,086

11.31%

David Dannhauser

Non-Executive 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 Financial instrument, type of instrument

Ordinary shares of 1 pence each (“Ordinary Shares”)

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

Price

 

See 4c) above

 

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 Financial instrument, type of instrument

Ordinary shares of 1 pence each (“Ordinary Shares”)

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

Price

 

See 4c) above

 

e)

Date of the transaction

2 June 2019

f)

Place of the transaction

London Stock Exchange, AIM Market

 

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.

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