Result of General Meeting

RNS Number : 4405X

Strat Aero PLC

21 February 2017

 

Strat Aero plc / Index: AIM / TIDM: AERO / Sector: Support Services

21 February 2017

Strat Aero plc ("Strat Aero", the "Company" or the "Group")

Result of General Meeting

Strat Aero plc, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle ("UAV") sector, is pleased to announce that all resolutions were duly passed at the General Meeting of the Company held earlier today.

Total Voting Rights

Following the issue of the Placing Shares, Director Placing Shares and Consideration Shares after the General Meeting which are all expected to be admitted to trading on AIM on 22 February 2017, the issued share capital of the Company is expected to consist of 1,914,285,262 Ordinary Shares.  

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

- ENDS -

For further information please visit www.strat-aero.com or contact:

Strat Aero plc	Tel: [phone]
Graham Peck (Chairman)
SP Angel Corporate Finance LLP	Tel: [phone]
Nominated Adviser and Joint Broker
Stuart Gledhill Jeff Keating
Beaufort Securities Limited	Tel: [phone]
Joint Broker
Elliot Hance
Cornhill Capital Ltd	Tel: [phone]
Joint Broker
Colin Rowbury
St Brides Partners Ltd	Tel: [phone]
Financial PR Frank Buhagiar Susie Geliher

Notes

Strat Aero plc is a multi-divisional international aerospace services company, focussed primarily on the provision of complete client solutions in the Unmanned Aerial System ('UAS' market), which is predicted to show exponential growth over the coming decade.  Commercial and military applications in UASs are expected to be a dynamic growth sector in the aerospace industry over the next 10 years with the UAS market forecast to grow to more than US$82.1 billion between 2015 and 2025 (AUVSI Economic Report 2013) and the global airborne Intelligence, Surveillance and Reconnaissance ('ISR') market estimated to grow to US$19.23 billion by 2023. 

 

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