ELECO PUBLIC LIMITED COMPANY

Management Reports • Nov 1, 2018

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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                                                                   [email protected]

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 [email protected] or visit www.rns.com.

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