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Eleco Plc issued 27,747 new ordinary shares to Andreas Fänger, Head of Development, Veeuze GmbH. These shares fulfill the third and final tranche of a software development agreement entered into on 18 November 2019. Admission to AIM is expected on 3 April 2023, after which Eleco Plc will have 83,182,397 Ordinary Shares in issue, representing the total voting rights.
| Date | 29 Mar 2023 |
| Time | 07:00:03 |
| Category | Capital structure |
| ID | 5334U |
29 March 2023
Eleco Plc
("Eleco", "Group" or the "Company")
Issue of Equity
and Total Voting Rights
The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, advises that the Company has issued Andreas Fänger, Head of Development, Veeuze GmbH (formerly of ESIGN Software GmbH) 27,747 new ordinary shares of 1 pence each in the capital of the Company ("the Shares"). The Shares have been issued to fulfil the third and final tranche of a software development agreement entered into on 18 November 2019 (the "Agreement"). No further share amounts are due under the Agreement.
Application has been made for 27,747 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 3 April 2023 following the end of the Company's Close Period now the Company has reported its Annual Results.
Following Admission, Eleco plc will have 83,182,397 Ordinary Shares in issue. All Ordinary Shares have equal voting rights and no Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 83,182,397.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
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Eleco plc |
+44 (0)20 7422 8000 |
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Jonathan Hunter, Chief Executive Officer |
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Neil Pritchard, Chief Financial Officer |
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finnCap Limited |
+44 (0)20 7220 0500 |
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Geoff Nash/ Emily Watts/ Seamus Fricker (Corporate Finance) |
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Charlotte Sutcliffe / Harriet Ward (ECM) |
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SEC Newgate UK |
+44 (0)20 3757 6882 |
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Elisabeth Cowell/Bob Huxford |
About Eleco plc
Eleco plc is an AIM-listed (AIM: ELCO) specialist international provider of software and related services to the built environment through its operating brands Elecosoft and Veeuze from centres of excellence in the UK, Sweden, Germany, the Netherlands and the US.
The Company's software solutions are trusted by international customers and used throughout the building lifecycle from early planning and design stages to construction, interior fit out, asset management and facilities management to support project management, estimation, visualisation, Building Information Modelling (BIM) and property management.
For further information please visit www.eleco.com.