15 July 2021
Starcom plc
("Starcom" or the "Company")
Result of AGM
Grant of Options to Directors
Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that at its annual general meeting ("AGM") held earlier today, all resolutions were passed. The proxy voting results and AGM presentation will be available on the Company's website, www.starcomsystems.com, later today.
Grant of Options
Following the approval of shareholders at today's AGM and further to the announcement on 23 June 2021 ("Announcement"), the Company has now granted the Fee Options to the Non-Executive Directors on the terms set out in the Announcement and AGM notice. In aggregate 6,251,162 Fee Options to subscribe for new ordinary shares in the Company have been granted. Following this grant, the Company now has a total of 52,645,109 options over ordinary shares outstanding, which represents 14.43 per cent. of the Company's issued share capital as at the date of this announcement.
The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.
Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 23 June 2021 unless otherwise defined herein.
Enquiries:
| Starcom Plc |
|
| Michael Rosenberg, Chairman | 07785 727 595 |
| Avi Hartmann, CEO
| +972 5447 5663 |
| Allenby Capital Limited (Nominated Adviser and Broker) | 020 3328 5656 |
| Jeremy Porter / Piers Shimwell
|
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| Peterhouse Capital Limited (Joint Broker) | 020 7469 0930 |
| Lucy Williams / Charles Goodfellow / Eran Zucker
|
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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 | Michael Rosenberg (Chairman) Avi Engel (Non-executive Director) Martin Blair (Non-Executive Director) | ||||||||||||
| 2 | Reason for the notification | |||||||||||||
| a) | Position/status | See 1 a) above | ||||||||||||
| 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 | Options to subscribe for Ordinary Shares of no par value
Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21 | ||||||||||||
| b) | Nature of the transaction | Grant of options over ordinary shares in lieu of fees and salaries | ||||||||||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price |
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| e) | Date of the transaction | 15 July 2021 | ||||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||||
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