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Result of AGM and Share Consolidation

  • Created on the 27 September, 2016.
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27/09/2016

ARCONTECH GROUP PLC

(“Arcontech”, the “Company” or the “Group”)

Result of AGM and Share Consolidation

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that at the Company’s Annual General Meeting (“AGM”) held earlier today, all resolutions were duly passed.

Share Consolidation

Following approval by shareholders at the AGM, every 125 existing ordinary share of £0.001 each (“Existing Ordinary Shares”) will be consolidated into 1 new ordinary share of £0.125 (“New Ordinary Shares”). The record date for the share consolidation is 5.00 p.m. today, 27 September 2016.

Additional allotment

The Company issued a total of 5,499,659 Existing Ordinary Shares relating to an exercise of warrants in September 2003 and exercises of options in July 2004 and May 2016 that were erroneously not admitted to trading on AIM. Therefore, to rectify this situation, application has been made for these Existing Ordinary Shares to be admitted to trading on AIM, when they will rank pari passu with the Existing Ordinary Shares in issue. The admission of these Existing Ordinary Shares does not affect the Company’s issued share capital.

Total Voting rights

Pursuant to the Share Consolidation, application has been made for the New Ordinary Shares to be admitted to trading on AIM (“Admission”) and dealings are expected to commence at 8.00 am on 28 September 2016 with ISIN GB00BDBBJZ03. The total number of New Ordinary Shares in issue following Admission will be 12,365,852.

The above figure of 12,365,852 should 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 and Transparency Rules.

Enquiries:

Arcontech Group plc
020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive

finnCap Ltd (Nomad & Broker)
020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: http://www.arcontech.com