1 October 2021 

Starcom PLC

("Starcom" or the "Company")

Conversion of loans and Director shareholdings

The Board of Starcom (AIM: STAR), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that all the holders of the convertible loan notes issued in March 2020 and due for repayment or conversion by 30 September 2021, have exercised their options to convert these loans into new ordinary shares of Starcom at the conversion price of 1.25p per share.  The loan notes were for £223,600 in total and accordingly, a total of 19,488,000 ordinary shares ("New Ordinary Shares") will be issued to the lenders as follows:

The conversion price is at a premium of approximately 39 per cent. to the most recent closing mid-market share price and reflects the confidence of the lenders in the prospects for the Company.

Application will be made for the New Ordinary Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM ("Admission").  It is anticipated that Admission will become effective on 7 October 2021. 

On Admission, the shareholdings in the Company of the directors concerned will be as follows:

Total Voting Rights

On Admission, the Company's issued ordinary share capital will comprise 384,214,576 Ordinary Shares.  The Company does not hold any shares in treasury.  Therefore, the total number of Ordinary Shares with voting rights in the Company will be 384,214,576.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.