T42 IOT TRACKING SOLUTIONS PLC — Director's Dealing 2018

Apr 23, 2018

National Storage Mechanism | Additional information

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RNS Number : 8100L

Starcom PLC

23 April 2018

23 April 2018

Starcom Plc

("Starcom" or "the Company")

Exercise of warrants - Director/PDMR shareholding

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 66,667 ordinary shares of no par value ("Ordinary Shares") are being issued at a price of 2.5p per share following the exercise by Michael Rosenberg, the Company's Chairman, of warrants granted to him in connection with the Company's placing announced on 21 June 2017.

The new Ordinary Shares were admitted to trading on AIM as part of the Block Admission which became effective on 26 June 2017.  Warrants over 4,800,000 Ordinary Shares remain unexercised.

Following the issue of the new Ordinary Shares, Mr Rosenberg is interested in 2,179,616 Ordinary Shares, representing 0.8 per cent. of the Company's enlarged issued share capital.

Following the issue of the new Ordinary Shares, the Company's issued share capital will comprise 258,276,180 Ordinary Shares.  The Company does not hold any shares in treasury.Therefore, the total number of Ordinary Shares with voting rights will be 258,276,180.  This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information.

-ends-

For further information, please contact:

Starcom Plc

Michael Rosenberg, Chairman                                                                       07785 727 595

Avi Hartmann, CEO                                                                                    +972 5447 35663

Northland Capital Partners Limited (Nominated Adviser and Broker)      020 3861 6625

Matthew Johnson/Edward Hutton (Corporate Finance)

John Howes (Sales and Broking)

Peterhouse Corporate Finance Limited (Joint Broker)                             020 7469 0930

Lucy Williams / Charles Goodfellow / Eran Zucker

Leander PR (Financial PR)                                                                           07795 168 157

Christian Taylor-Wilkinson

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

1

Details  of  the  persons   discharging  managerial   responsibilities I persons closely associated

a)

Names

Michael Rosenberg

2

Reason for the notification

a)

Position/status

Non-executive Chairman

b)

Initial notification /Amendment

Initial notification

3

Details  of  the  issuer

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

Ordinary Shares of no par value

Identification code

ISIN for Ordinary Shares: JE00B8WSDY21

b)

Nature of the transaction

Exercise of warrants 

c)

Price(s) and volume(s)

Price(s)	Volume(s)
2.5p	66,667

d)

Aggregated information

- Aggregated volume 

- Price 

-     See 4 c) above

e)

Date of the transaction

23 April 2018

f)

Place of the transaction

Outside a trading venue.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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