Result of General Meeting

RNS Number : 9569G

Strat Aero PLC

11 August 2016

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

11 August 2016

Strat Aero plc ("Strat Aero", the "Company" or the "Group")

Result of General Meeting

Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ("UAV") sector, held its General Meeting earlier today and all resolutions were duly passed. 

As previously announced, the resolutions included a proposal to subdivide and re-designate the ordinary shares.  Accordingly, each of the 262,106,046 ordinary shares of 1p each in the capital of the Company will be subdivided into, and re-designated as, 262,106,046 ordinary shares of 0.1p and 2,358,954,414 deferred shares of 0.1p each. The effective time and date of the sub-division and re-designation of the ordinary shares will be 8.00am on 12 August 2016. 

- ENDS -

For further information please visit www.strat-aero.com or contact:

Strat Aero plc	Tel: [phone]
Graham Peck (Chairman)
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating
Beaufort Securities Limited	Tel: [phone]
Joint Broker
Elliot Hance
Cornhill Capital Ltd
Joint Broker
Colin Rowbury	Tel: [phone]
St Brides Partners Ltd	Tel: [phone]
Financial PR Frank Buhagiar Susie Geliher

Notes

Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade.  Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023. 

 

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