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Exercise of share option

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By LSE RNS

RNS Number : 8011A
Acal PLC
29 March 2017
 

 

29 March 2017

Acal plc

EXERCISE OF SHARE OPTION

Acal plc (LSE:ACL, the "Company") announces that application has been made to the UK Listing Authority and the London Stock Exchange for a listing and admission of 15,336 ordinary shares of 5 pence each in the Company ("Ordinary Shares"). These new Ordinary Shares are being issued and allotted pursuant to the Company's 2008 Long Term Incentive Plan and will rank equally with the existing issued Ordinary Shares.

Following Admission, which is expected to take place on 31 March 2017, the total number of shares in issue and voting rights in the Company will be 70,680,974 Ordinary Shares. There are no Ordinary Shares held in treasury.

The above figure (70,680,974) 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

Acal plc

Gary Shillinglaw: Group Company Secretary   01483 544500

Notes to Editors:

About Acal plc

Acal is a leading international supplier of customised electronics to industry. It designs, manufactures and distributes customer-specific electronic products and solutions to 25,000 industrial manufacturers and is listed on the London Stock Exchange (LSE: ACL).

It has two divisions: Design & Manufacturing and Custom Distribution. The majority of its sales comes from products and solutions which are created specifically for a customer.  Acal works across a range of technologies, namely Communications & Sensors, Power & Magnetics, Electromechanical & Cabling, Microsystems and Imaging & Photonics.

Acal operates through the following wholly-owned businesses: Acal BFi, Contour, Flux, Foss, Hectronic, MTC, Myrra, Noratel, Plitron, RSG, Stortech, Variohm and Vertec. It has operating companies and manufacturing facilities in a number of markets, including the UK, Germany, France, the Nordic region, Benelux, Italy, Poland and Slovakia, as well as in Asia (China, India, South Korea, Sri Lanka,  and Thailand), North America  (the US and Canada) and South Africa.


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