discoverIE Group plc Issue of Equity (5066F)
February 21 2018 - 4:15AM
UK Regulatory
TIDMDSCV
RNS Number : 5066F
discoverIE Group plc
21 February 2018
21 February 2018
discoverIE Group plc
ISSUE OF SHARES
discoverIE Group plc (LSE:DSCV, the "Company") announces that
application has been made to the UK Listing Authority and the
London Stock Exchange for a listing and admission of 52,918
ordinary shares of 5 pence each in the Company ("Ordinary Shares").
These new Ordinary Shares are being issued and allotted pursuant to
the Company's 2008 Long Term Incentive Plan and will rank equally
with the existing issued Ordinary Shares.
Following Admission, which is expected to take place on 23
February 2018, the total number of shares in issue and voting
rights in the Company will be 71,417,856 Ordinary Shares. There are
no Ordinary Shares held in treasury.
The above figure (71,417,856) may 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 Financial Conduct Authority's
Disclosure and Transparency Rules.
For further information please contact:
discoverIE Group plc
Joanna Harkus Madge: Group Company Secretary 01483 544500
Notes to Editors:
About discoverIE Group plc
discoverIE Group (LSE: DSCV; previously Acal plc, the "Group")
is an international group of businesses that designs, manufactures
and supplies innovative components for electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. With in-house
engineering capability, we are able to design components to meet
customer requirements, which are then manufactured and supplied,
usually on a repeating basis, for their ongoing production needs.
This generates a high level of recurring revenue and long term
customer relationships.
By focussing on key markets which are driven by structural
growth and increasing electronic content, namely renewable energy,
transportation, medical and industrial connectivity, the Group aims
to achieve organic growth that is well ahead of GDP and to
supplement that with targeted complementary acquisitions.
The Group employs c.4,000 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is a member of the FTSE Small Cap Index, classified
within the Electrical Components and Equipment subsector, and has
revenue of GBP0.4bn. Over the last five years, revenue and
underlying earnings per share have doubled.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEKFLBLVLFFBBZ
(END) Dow Jones Newswires
February 21, 2018 04:15 ET (09:15 GMT)
Discoverie (LSE:DSCV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Discoverie (LSE:DSCV)
Historical Stock Chart
From Jul 2023 to Jul 2024