Result of General Meeting

RNS Number : 1032Y

Strat Aero PLC

12 May 2016

 

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

12 May 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 the resolutions were duly passed.  Accordingly application has been made for the 18,422,222 outstanding Placing Shares, details of which were included in the Company's announcement of 20 April 2016, to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective and dealings will commence at 7:00 a.m. on 13 May 2016.

Details of the votes For and Against for each resolution are detailed in the table below:

Resolution No.	For (number / % of votes cast)	Against (number / % of votes cast)
1	27,454,831 / 99%	256,432 / 1%
2	27,454,831 / 99%	256,432 / 1%

Share Capital

Following the issue of the Placing Shares, the issued share capital of the Company consists of 224,616,758 Ordinary Shares.  No shares were held in treasury at the date of this announcement.  The total current voting rights in the Company are therefore 224,616,758.

The above total current voting rights number is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

- 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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ROMEADSAFAFKEFF