Business
Completion of Subscription
Completion of Subscription.
About this update from Eleco Plc
[{"type":"text","content":"\n \nRNS Number : 6569M Eleco PLC 17 July 2014 \n \n\nELECO plc\n \n(the \"Company\")\n \nCompletion of Subscription of Ordinary Shares\n \n \nEleco announces that following acceptance of a final subscription in respect of 2,500 ordinary shares of 10p each (\"ordinary shares\"), the final number of ordinary shares subscribed by shareholders pursuant to the Subscription Issue announced on 23 June 2014, amounted to 13,208,888 ordinary shares and that following admission of these shares to trading on AIM (\"Admission\"), the issued share capital of Eleco will consist of 73,867,127 ordinary shares. The Subscription price was 20.5p per share and the total amount raised by the Subscription Issue was £2.74 million, less costs of approximately £0.26 million. The middle market price of Eleco ordinary shares on 16 July, 2014 was 20p per share and the market capitalisation of Eleco was £14.78 million.\n \nApplication has been made for the 2,500 ordinary shares referred to above to be admitted to trading on AIM and it is expected that Admission will occur at 8.00 a.m. on 22 July 2014. Thereafter, the number of issued ordinary shares of Eleco totalling 73,867,127 shares must 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 Financial Conduct Authority's Disclosure and Transparency Rules.\n \n \nEnquiries:\n \n\n\n\n\nFor further information please contact:\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nELECO plc\n\n\nhttp://www.eleco.com\n\n\n\n\nJohn Ketteley, Executive Chairman\n\n\nTel: 0207 422 0044\n\n\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nPeckwater PR\n\n\n \n\n\n\n\nTarquin Edwards\n\n\nTel: 07879 458 364 / 0207 808 7340\n\n\n\n\n \n\n\n \n\n\n\n\nCenkos Securities plc\n\n\n \n\n\n\n\nNicholas Wells\n\n\nTel: 0207 397 8900\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEDLFFZDFFBBX\n ","length":4396,"tagName":"div"}]