Result of Scrip Dividend

RNS Number : 6846R

Elecosoft PLC

30 October 2019

 

Elecosoft plc

("Elecosoft", the "Company" or the "Group")

Result of Scrip Dividend

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, announces that further to the Company's announcement on 24 September 2019, it has received final results for the scrip dividend alternative in respect of 37,490,095 existing ordinary shares of 1p each in the capital of the Company ("Ordinary Shares"). This figure represents approximately 45.7 per cent of the Company's issued Ordinary Share capital.

Accordingly, based on the previously announced reference price of 77.9 pence per share and the final approved dividend of 0.30p per share, a total of 143,911 new Ordinary Shares have been allotted by the Company to shareholders to receive the scrip dividend. 

Pursuant to the scrip dividend, the following Directors will receive new Ordinary Shares in the Company:

Name	Position	Number of existing Ordinary Shares held		New Ordinary Shares pursuant to the Scrip Dividend		Total number of Ordinary Shares held following Admission		% of the issued share capital following Admission
John Ketteley	Executive Chairman		9,284,086	30,978	9,315,064		11.33%
David Dannhauser	Non-Executive Director		451,723	1,738	453,461		0.55%
Anders Karlsson	Managing Director of Elecosoft Consultec AB		15,321	58	15,379		0.02%
Kevin Craig	Non-Executive Director		22,036	84	22,120		0.03%

Application has been made for 143,911 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 31 October 2019. Following Admission, Elecosoft will have 82,211,903 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 82,211,903.

For further information, please contact:
Elecosoft plc	Tel: [phone]
JHB Ketteley, Executive Chairman
Jonathan Hunter, Chief Operating Officer Ben Moralee, Finance Director
finnCap Ltd	Tel: [phone]
Geoff Nash / Kate Washington (Corporate Finance)
Camille Gochez (Corporate Broking)
Redleaf Communications	Tel: [phone]
Elisabeth Cowell / Fiona Norman

About Elecosoft plc

Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and the US. Elecosoft's market leading software solutions are developed by teams in the United Kingdom, Sweden and Germany; and its software solutions cover project management, construction site management, estimating, timber engineering, 3D design and visualisation, and cloud based digital marketing solutions. Elecosoft is listed on the Alternative Investment Market in London (AIM: ELCO).

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	John Ketteley
2.	Reason for the Notification
a)	Position/status	Executive Chairman
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Elecosoft 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	Issue of Ordinary Shares pursuant to scrip dividend
c)	Price(s) and volume(s)	77.9 pence per Ordinary Share 30,978 Ordinary Shares
d)	Aggregated information: Aggregated volume Price	See 4c) above
e)	Date of the transaction	31 October 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Dannhauser
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Elecosoft 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	Issue of Ordinary Shares pursuant to scrip dividend
c)	Price(s) and volume(s)	77.9 pence per Ordinary Share 1,738 Ordinary Shares
d)	Aggregated information: Aggregated volume Price	See 4c) above
e)	Date of the transaction	31 October 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anders Karlsson
2.	Reason for the Notification
a)	Position/status	Managing Director of Elecosoft Consultec AB
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Elecosoft 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	Issue of Ordinary Shares pursuant to scrip dividend
c)	Price(s) and volume(s)	77.9 pence per Ordinary Share 58 Ordinary Shares
d)	Aggregated information: Aggregated volume Price	See 4c) above
e)	Date of the transaction	31 October 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Craig
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Elecosoft 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	Issue of Ordinary Shares pursuant to scrip dividend
c)	Price(s) and volume(s)	77.9 pence per Ordinary Share 84 Ordinary Shares
d)	Aggregated information: Aggregated volume Price	See 4c) above
e)	Date of the transaction	31 October 2019
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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