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Issue of Equity and Director / PDMR Shareholding

  • Created on the 20 April, 2018.
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20/04/2018

ARCONTECH GROUP PLC

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

Issue of Equity and Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 407,516 ordinary shares of £0.125 each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). The new Ordinary Shares are being issued subsequent to exercises of options over Ordinary Shares by Matthew Jeffs (Chief Executive of the Company) and Louise Barton (Non-Executive Director of the Company).

Director: Matthew Jeffs
Ordinary Shares held prior to exercise: 522,484
Options over Ordinary Shares exercised: 367,516
Ordinary Shares held on Admission: 890,000
Percentage of issued share capital held on Admission: 6.7%

Director: Louise Barton
Ordinary Shares held prior to exercise: 1,031,416
Options over Ordinary Shares exercised: 40,000
Ordinary Shares held on Admission: 1,071,416
Percentage of issued share capital held on Admission: 8.1%

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 26 April 2018. On Admission the Company’s issued share capital will comprise 13,210,510 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 13,210,510. 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 to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance 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

Please click here to view details.