T42 IOT TRACKING SOLUTIONS PLC — AGM Information 2021

Jul 15, 2021

National Storage Mechanism | Additional information

RNS Number : 4031F

Starcom PLC

15 July 2021

15 July 2021

Starcom plc

("Starcom" or the "Company")

Result of AGM

Grant of Options to Directors

Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that at its annual general meeting ("AGM") held earlier today, all resolutions were passed. The proxy voting results and AGM presentation will be available on the Company's website, www.starcomsystems.com, later today.

Grant of Options

Following the approval of shareholders at today's AGM and further to the announcement on 23 June 2021 ("Announcement"), the Company has now granted the Fee Options to the Non-Executive Directors on the terms set out in the Announcement and AGM notice. In aggregate 6,251,162 Fee Options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company now has a total of 52,645,109 options over ordinary shares outstanding, which represents 14.43 per cent. of the Company's issued share capital as at the date of this announcement.

The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 23 June 2021 unless otherwise defined herein.

Enquiries:    

Starcom Plc
Michael Rosenberg, Chairman	07785 727 595
Avi Hartmann, CEO	+972 5447 5663
Allenby Capital Limited (Nominated Adviser and Broker)	020 3328 5656
Jeremy Porter / Piers Shimwell
Peterhouse Capital Limited (Joint Broker)	020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker

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

Michael Rosenberg (Chairman)

Avi Engel (Non-executive Director)

Martin Blair (Non-Executive Director)

2

Reason for the notification

a)

Position/status

See 1 a) above

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

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

Identification code

Options to subscribe for Ordinary Shares of no par value  

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Grant of options over ordinary shares in lieu of fees and salaries

c)

Price(s) and volume(s)

Director/PDMR	Price(s)	Volume(s)
Michael Rosenberg	Exercisable at nil cost	2,232,558
Avi Engel	Exercisable at nil cost	2,009,302
Martin Blair	Exercisable at nil cost	2,009,302

d)

Aggregated information

- Aggregated volume

- Price

Price(s)	Volume(s)
Nil	6,251,162

e)

Date of the transaction

15 July 2021

f)

Place of the transaction

Outside a trading venue

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGLELFFFDLLBBD