Business
Result of General Meeting and Open Offer
Result of General Meeting and Open Offer.
About this update from Touchstar Plc
[{"type":"text","content":"\n \nRNS Number : 7376E Touchstar PLC 13 February 2018 \n\n13 February 2018\nTouchstar plc\n(AIM: TST) \n \nResult of General Meeting and Open Offer\n \nTouchstar 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. \n \nThe total amount subscribed by investors pursuant to the Conditional Placing and the Open Offer is £921,292.20 (before expenses) comprising:\n \n· the Conditional Subscription of 639,158 New Ordinary Shares at 60 pence per share raising £383,494.80 (before expenses); and\n· 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) \n \nTaken together, the Conditional Subscription and Open Offer will result in the allotment of a total of 1,535,487 New Ordinary Shares.\n \nApplication 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.\n \nIn 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.\n \nThis announcement should be read in conjun...