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Starcom PLC (STAR)

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Friday 01 October, 2021

Starcom PLC

Director Shareholdings

RNS Number : 6999N
Starcom PLC
01 October 2021
 

1 October 2021 

Starcom PLC

("Starcom" or the "Company")

 

Director shareholdings

 

The Board of Starcom (AIM: STAR), which specialises in the development of wireless, Internet-of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces that following the conversion of the loan held by Avi Engel yesterday into 8 million new ordinary shares in the Company (as announced earlier today), it has been agreed that these shares will be acquired by Avi Hartmann, CEO of Starcom, for the original loan amount of £100,000 (a price of 1.25p per share). Avi Hartmann will also acquire the 1,744,000 shares issued to the Starcom employee that also converted his loan yesterday, for the original loan amount of NIS 100,000 (approximately £22,000 and 1.25p per share).

 

Following these transactions, the shareholdings in the Company of the directors concerned will be as follows:

 

Director

Total no. of Ordinary Shares held

Percentage of issued share capital of the Company

Avi Hartmann

43,052,224

11.21

Avi Engel

3,108,334

0.81

 

Contacts:

 

Starcom Plc

Michael Rosenberg, Chairman

Avi Hartmann, CEO

 

07785 727595

+972 5477 35663

Allenby Capital Limited (AIM Nominated Adviser and Joint Broker)

Jeremy Porter/Piers Shimwell

020 3328 5656

Peterhouse Capital Limited (Joint Broker)

Lucy Williams/Charles Goodfellow/Eran Zucker

020 7469 0930

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.  

 

  1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avi Engel

2

Reason for the notification

a)

Position/status

Non-executive Director

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 Identification code

Ordinary Shares of no par value 

 

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Disposal of ordinary shares

c)

Price(s) and volume(s)

8,000,000 shares at 1.25p per share

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

1.25p

8,000,000

e)

Date of the transaction

1 October 2021

f)

Place of the transaction

Outside a trading venue

 

  1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Avi Hartmann

 

2

Reason for the notification

a)

Position/status

CEO

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 Identification code

Ordinary Shares of no par value 

 

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Acquisition of ordinary shares

c)

Price(s) and volume(s)

9,744,000 shares at 1.25p per share

d)

Aggregated information

- Aggregated volume

- Price


Price(s)

Volume(s)

1.25p

9,744,000

e)

Date of the transaction

1 October 2021

f)

Place of the transaction

Outside a trading venue

 

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