PLEASE TELL US A LITTLE ABOUT YOURSELF SO THAT WE CAN DISPLAY THE MOST
APPROPRIATE CONTENT TO YOU:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies used on Trustnet and how you can manage them, see our Privacy and Cookie Policy.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms of Use.

For more information Click here

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
Share   Print      RSS

Touchstar PLC (TST)

Touchstar PLC

Result of General Meeting and Open Offer
RNS Number : 7376E
Touchstar PLC
13 February 2018
 

13 February 2018

Touchstar plc

(AIM: TST)

 

Result of General Meeting and Open Offer

 

Touchstar plc ("Touchstar" or the "Company"), suppliers of mobile data computing solutions and managed services to a variety of industrial sectors, announces that at the General Meeting of the Company held today, all resolutions put to shareholders were duly passed.  Accordingly, the Conditional Placing and Open Offer announced on 17 January 2018 are expected to complete, conditional on Admission, on 14 February 2018.

 

The total amount subscribed by investors pursuant to the Conditional Placing and the Open Offer is £921,292.20 (before expenses) comprising:

 

·     the Conditional Subscription of 639,158 New Ordinary Shares at 60 pence per share raising £383,494.80 (before expenses); and

·     the issue of 896,329 New Ordinary Shares at 60 pence per share to Qualifying Shareholders pursuant to the Open Offer raising £537,797.40 (before expenses)

 

Taken together, the Conditional Subscription and Open Offer will result in the allotment of a total of 1,535,487 New Ordinary Shares.

 

Application for admission to trading on AIM of the 1,535,487 New Ordinary Shares being issued pursuant to the Conditional Placing and Open Offer has been made and admission is expected to take place on 14 February 2018.  The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

 

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following these issues, its issued share capital will comprise 8,475,077 Ordinary Shares of 5p each.  All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury.  The total number of voting rights in the Company will therefore be 8,475,077 on Admission. This 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 share capital of the Company under the Disclosure Guidance and Transparency Rules.

 

This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 17 January 2018, copies of which are available on the Company's website at www.touchstarplc.com.  Capitalised terms in this announcement have the same meaning as given in the Circular.

 

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Contacts:

 

 

 

Touchstar Plc        

www.touchstarplc.com

Mark Hardy, Chief Executive Officer

+44 (0) 1274 741860



WH Ireland Limited (Nominated Adviser and Broker)

www.whirelandcb.com

Mike Coe / Ed Allsopp

+44 (0) 117 945 3470



 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ROMSFIFSDFASEFE
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

You are currently using an old browser which will not be supported by Trustnet after 31/07/2016. To ensure you benefit from all features on the site, please update your browser.   Close