Exercise of Options, PDMR Shareholding and TVR

RNS Number : 5588D

Eleco PLC

30 June 2021

 

30 June 2021

Eleco Plc

("Eleco" or the "Company") 

Exercise of Options, PDMR Shareholding and Total Voting Rights

The Board of Eleco (AIM: ELCO), the   AIM-listed construction software specialist, advises it has issued and allotted a total of 25,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") in accordance with options exercised by Mark Dixon, a PDMR of the Company, under the 2014 Share Option Plan.

Following this exercise, Mark Dixon subsequently sold 25,000 Ordinary Shares at a price of 132 pence per share on 29 June 2021. Following the above transactions, Mark Dixon has no interest in Ordinary Shares in the Company.

Application will be made for 25,000 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 5 July 2021. Following Admission, Eleco will have 83,104,650 Ordinary Shares in issue. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 83,104,650.

For further information, please contact:
Eleco plc	Tel: [phone]
Serena Lang, Executive Chairman
Jonathan Hunter, Chief Executive Officer Robert Tearle, Chief Financial Officer
finnCap Limited, NOMAD and broker	Tel: [phone]
Geoff Nash / Kate Bannatyne / (Nomad)
Richard Chambers, Charlotte Sutcliffe (ECM)
SEC Newgate Elisabeth Cowell / Isabelle Smurfit	Tel: [phone]
	[e-mail]

About Eleco plc

Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner/Operator (AECO) industries and interior furnishing industries from centres of excellence in the UK, Sweden, Germany, Netherlands and the USA.

The Company's market-leading Elecosoft software solutions are developed by teams in the United Kingdom, Sweden and Germany, and its solutions include  project management, estimating, timber engineering, CAD and visualisation, asset and facility management and cloud-based digital marketing solutions.

For further information please visit  www.eleco.com.

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	Mark Dixon
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eleco plc
b)	LEI	21380016GT9Z6ZQX4T37
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 1 pence each ("Ordinary Shares")
	Identification code	ELCO  GB0003081246
b)	Nature of the transaction	Exercise of Options and Sale of Ordinary Shares
c)	Price(s) and volume(s)	Number Price Exercise of Options 25,000 48p Sale of Ordinary Shares 25,000 132p
d)	Aggregated information: Aggregated volume Price	See 4c) above
e)	Date of the transaction	29 June 2021
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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