Arcontech Group PLC Result of AGM and Share Consolidation (9760K)
September 27 2016 - 8:58AM
UK Regulatory
TIDMARC
RNS Number : 9760K
Arcontech Group PLC
27 September 2016
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Result of AGM and Share Consolidation
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, announces
that at the Company's Annual General Meeting ("AGM") held earlier
today, all resolutions were duly passed.
Share Consolidation
Following approval by shareholders at the AGM, every 125
existing ordinary share of GBP0.001 each ("Existing Ordinary
Shares") will be consolidated into 1 new ordinary share of GBP0.125
("New Ordinary Shares"). The record date for the share
consolidation is 5.00 p.m. today, 27 September 2016.
Additional allotment
The Company issued a total of 5,499,659 Existing Ordinary Shares
relating to an exercise of warrants in September 2003 and exercises
of options in July 2004 and May 2016 that were erroneously not
admitted to trading on AIM. Therefore, to rectify this situation,
application has been made for these Existing Ordinary Shares to be
admitted to trading on AIM, when they will rank pari passu with the
Existing Ordinary Shares in issue. The admission of these Existing
Ordinary Shares does not affect the Company's issued share
capital.
Total Voting rights
Pursuant to the Share Consolidation, application has been made
for the New Ordinary Shares to be admitted to trading on AIM
("Admission") and dealings are expected to commence at 8.00 am on
28 September 2016 with ISIN GB00BDBBJZ03. The total number of New
Ordinary Shares in issue following Admission will be
12,365,852.
The above figure of 12,365,852 should be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
Enquiries:
020 7256
Arcontech Group plc 2300
Richard Last, Chairman and
Non-Executive Director
Matthew Jeffs, Chief Executive
020 7220
finnCap Ltd (Nomad & Broker) 0500
Carl Holmes/Simon Hicks
To access more information on the Group please visit:
www.arcontech.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
RAGBDGDCLUDBGLR
(END) Dow Jones Newswires
September 27, 2016 08:58 ET (12:58 GMT)
Arcontech (LSE:ARC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Arcontech (LSE:ARC)
Historical Stock Chart
From Sep 2023 to Sep 2024