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Result of Scrip Dividend

RNS Number : 0196G
Elecosoft PLC
01 November 2018

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.

 

Enquiries:

Elecosoft plc

+44 (0)20 7422 8000

John Ketteley, Executive Chairman

Jonathan Hunter, Chief Operating Officer

Ben Moralee, Group Finance Director

finnCap Limited

+44 (0)20 7220 0500

Henrik Persson/Kate Bannatyne (Nomad)

Camille Gochez (ECM)

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.

 

 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)

84.8 pence per Ordinary Share

30,113 Ordinary Shares

d)

Aggregated information:

Aggregated volume

Price

 

See 4c) above

 

e)

Date of the transaction

2 November 2018

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)

84.8 pence per Ordinary Share

1477 Ordinary Shares

d)

Aggregated information:

Aggregated volume

Price

 

See 4c) above

 

e)

Date of the transaction

2 November 2018

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.

END

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