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Octagonal PLC (OCT)

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Friday 02 June, 2017

Octagonal PLC

Issue of Equity

RNS Number : 9367G
Octagonal PLC
02 June 2017
 

For immediate release

2 June 2017

Octagonal plc

("Octagonal" or the "Company")

Issue of Shares

 

Octagonal Plc, announces that it has today issued 2,000,000 ordinary shares of 0.05p each (the "Ordinary Shares") to a former employee of the Group in connection with the settlement of a compromise agreement. As at the closing price on 1 June 2017, this equates to £46,000 worth of Ordinary Shares.

A new application has been made for the 2,000,000 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or about 8 June 2017. The shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

 

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 562,226,886 Ordinary Shares. The Company does not hold any shares in treasury. This figure of 562,226,886 Ordinary Shares 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please visit www.octagonalplc.com or contact:

 

Octagonal Plc

+44 (0) 20 7048 9400

John Gunn, CEO



Beaumont Cornish Limited (Nominated Adviser and Broker)

James Biddle / Roland Cornish

+44 (0) 20 7628 3396

www.beaumontcornish.com


 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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