Management Reports • Jun 14, 2018
Management Reports
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RNS Number : 3317R
Elecosoft PLC
14 June 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 27 March 2018, it has received final results for the scrip dividend alternative in respect of 51,379,500 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 66.3 per cent. of the Company's issued Ordinary Share capital.
Accordingly, based on the previously announced reference price of 49.60 per share and the final approved dividend of 0.40p per share, a total of 414,178 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 | 9,068,319 | 63,729 | 9,132,048 | 11.73% |
| Jonathan Hunter | Chief Operating Officer | 16,382 | 132 | 16,514 | 0.02% |
| David Dannhauser | Non-Executive Director | 445,000 | 604 | 445,604 | 0.57% |
Application has been made for 414,178 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 18 June 2018. Following Admission, Elecosoft will have 77,854,878 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 77,854,878.
| For further information, please contact: | |
| Elecosoft plc | Tel: +44 (0)20 7422 8000 |
| JHB Ketteley, Executive Chairman | |
| Jonathan Hunter, Chief Operating Officer Simon Morgan, Finance Director |
|
| finnCap Ltd | Tel: +44 (0)20 7220 0500 |
| Adrian Hargrave / Kate Bannatyne (Corporate Finance) | |
| Camille Gochez (Corporate Broking) | |
| Redleaf 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) | 49.60 pence per Ordinary Share 63,729 Ordinary Shares |
| d) | Aggregated information: Aggregated volume Price |
See 4c) above |
| e) | Date of the transaction | 31 May 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) | 49.60 pence per Ordinary Share 604 Ordinary Shares |
| d) | Aggregated information: Aggregated volume Price |
See 4c) above |
| e) | Date of the transaction | 31 May 2018 |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Jonathan Hunter |
| 2. | Reason for the Notification | |
| a) | Position/status | Chief Operating Officer |
| 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) | 49.60 pence per Ordinary Share 132 Ordinary Shares |
| d) | Aggregated information: Aggregated volume Price |
See 4c) above |
| e) | Date of the transaction | 31 May 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 [email protected] or visit www.rns.com.
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