T42 IOT TRACKING SOLUTIONS PLC — Director's Dealing 2016

Jul 19, 2016

National Storage Mechanism | Additional information

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RNS Number : 6051E

Starcom PLC

19 July 2016

19 July 2016

Starcom Plc

("Starcom" or "the Company")

Director/PDMR transaction

Wireless remote tracking and monitoring products company Starcom Plc (AIM: STAR) is pleased to announce that, further to the approval of the Starcom PLC Share Option Scheme by the Company's shareholders at the recent Annual General Meeting and as envisaged in the Chairman's statement in the 2015 Report and Accounts, options have been granted over a total of 4,400,000 Ordinary Shares (representing 3.2 per cent. of the Company's issued share capital) as follows:-

Avi Hartmann	800,000
Avi Engel	1,000,000
Michael Rosenberg	1,000,000
Uri Hartman	800,000
Doron Kedem	800,000

The options are exercisable  at 5p per share (compared to (i) yesterday's mid market closing price of 2.5p and (ii) 1.625p at the time of the proposed grant of options). The options vest 3 years after grant, except in the case of Michael Rosenberg and Avi Engel where the vesting period is 2 years. Any unexercised options expire at the end of 10 years from grant.     

-ends-

For further information, please contact:

Starcom Plc
Michael Rosenberg, Chairman	07785 727 595
Avi Hartmann, CEO	+972 5430 70103 +972 3619 9901
Northland Capital Partners Limited	020 3861 6625
Nominated Adviser and Broker                                           Edward Hutton / David Hignell (Corporate Finance) John Howes / Abigail Wayne (Sales and Broking)
Peterhouse Corporate Finance Limited Joint Broker	020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR Financial PR
Christian Taylor-Wilkinson	020 7520 9267 07795 168 157

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

1

Details  of  the  persons   discharging  managerial   responsibilities I person closely associated

a)

Name

1.   Avi Hartmann

2.   Avi Engel

3.   Michael Rosenberg

4.   Uri Hartman

5.   Doron Kedem

2

Reason for the notification

a)

Position/status

1.   Chief Executive

2.   Non-executive director

3.   Non-executive director

4.   Chief Technical Officer

5.   Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

3

Details  of  the  issuer

a)

Name

Starcom plc

b)

LEI

n/a

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

Options over ordinary shares of no par value

Identification code

ISIN: JE00B8WSDY21

b)

Nature of the transaction

The options vest 3 years after grant, except in the case of Michael Rosenberg and Avi Engel where the vesting period is 2 years.. Any unexercised options expire at the end of 10 years from grant.     

c)

Price(s) and volume(s)

Option Price(s)	Volume(s)
1.    5p	800,000
2.    5p	1,000,000
3.    5p	1,000,000
4.    5p	800,000
5.    5p	800,000

d)

Aggregated information

- Aggregated volume 

- Price 

-     Options over 4,400,000 shares

-     5p per share

e)

Date of the transaction

19 July 2016

f)

Place of the transaction

Shares issued on exercise of options to be admitted to trading on AIM, London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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