Elecosoft plc
(“Elecosoft” or the “Company”)
Result of Scrip Dividend
Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company’s announcement on 12 September 2018, it has received final results for the scrip dividend alternative in respect of 45,647,591 existing ordinary shares of 1p each in the capital of the Company (“Ordinary Shares”). This figure represents approximately 58.63 per cent. of the Company’s issued Ordinary Share capital.
Accordingly, based on the previously announced reference price of 84.8 pence per share and the final approved dividend of 0.28p per share, a total of 153,240 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 |
9,205,735 |
30,113 |
9,235,113 |
11.84% |
|
David Dannhauser |
Non-Executive Director |
447,862 |
1,477 |
449,339 |
0.57% |
Application has been made for 153,240 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 2 November 2018. Following Admission, Elecosoft will have 78,008,118 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 78,008,118.
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Enquiries:
Redleaf Communications +44 (0)20 3757 6880 Elisabeth Cowell/ Fiona Norman elecosoft@redleafpr.com
About Elecosoft plc Elecosoft plc is an AIM-listed (ELCO-GB) software Company with interests based principally in the UK, Sweden, Germany, Benelux, and the US. Elecosoft develops award winning software applications and related services to the architectural, engineering, construction and owner/operator sectors. Elecosoft delivers a portfolio of software for project management, estimation, visualisation, Building Information Modelling (BIM), property management and digital marketing disciplines Elecosoft’s software and services are used during early planning stages through to construction and facilities management, driving the performance and day-to-day operations of its customers’ businesses Elecosoft’s broad, and increasingly integrated, product offering opens up exciting prospects to cross-sell and expand internationally as the company grow the company’s re-seller network For further information please visit www.Elecosoft.com.
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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