Update regarding Requisition Notice

RNS Number : 6860Y

Eleco PLC

14 May 2021

Eleco Plc

("Eleco" or the "Company")

Update regarding Requisition Notice

Further to the announcement on 26 April 2021 regarding the receipt of a notice pursuant to section 303(1) of the Companies Act 2006 requisitioning a general meeting of the Company's shareholders (the "Requisition Notice"), the Board of directors of the Company has rejected the Requisition Notice. The Requisition Notice is invalid in that it does not comply with the requirements of the Companies Act 2006 and is also contrary to the provisions of the Company's Articles of Association. The requisitioning shareholders have been informed and shareholders are advised to take no action at this time.

For further information, please contact:
Eleco plc	Tel: +44 (0)20 7422 8000
Serena Lang, Executive Chairman
Jonathan Hunter, Chief Executive Officer Robert Tearle, Chief Financial Officer
finnCap Limited, NOMAD and broker	Tel: +44 (0)20 7220 0500
Geoff Nash / Kate Bannatyne / (Nomad)
Richard Chambers, Charlotte Sutcliffe (ECM)
SEC Newgate	Tel: +44 (0)20 3757 6880
Elisabeth Cowell / Bob Huxford/ Isabelle Smurfit	eleco@secnewgate.co.uk

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.

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