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Directors’ shareholdings and issue of shares

Thursday, 26 June 2014 14:38

NORCON PLC

("Norcon" or the "Company")

 

Directors’ shareholdings and issue of shares

 

Norcon (AIM: NCON), the global communications network specialist, is pleased to announce that it has issued 498.800 Ordinary shares of 1p each in the Company (“Ordinary Shares”) to management following the vesting of shares under the Norcon plc Long Term Incentive Plan.  The consideration paid for these shares was 1p per share, equal to the nominal value of the shares.

Following the issue of these Ordinary Shares, the interests of the directors concerned in the Ordinary Share capital of the Company are as set out below:

Director

Ordinary shares awarded under LTIP

Total holding  following issue

% of the Company’s issued share capital

Steve Preston*

387.000

519.699

1.05%

Arne Dag Aanensen

111.800

306.244

0.62%

 

*CEO and Director of Norconsult Telematics Ltd 100% held subsidiary

 

Application has been made for 498.800 Ordinary Shares to be admitted to trading on AIM. The Ordinary Shares will rank pari passu with existing ordinary shares and admission is expected to occur on or around 2 July 2014. The total number of shares in issue following the admission of the new Ordinary Shares will be 49.299.608.

49.299.608 is the figure which may be used by shareholders as the denominator for the calculations by which they will determined if they are required to notify their interest in, or a change to their interest in, Norcon plc under the FCA’s Disclosure and Transparency Rules.

 

 

For further information, please contact:

 

Norcon plc

 

Trond Tostrup, Executive Chairman

+47 901 69369

Aene Dag Aanensen, CFO

+357 9901 5433

   

finnCap Ltd

 

Stuart Andrews/Charlotte Stranner (Corporate Finance)

+44 (0) 20 7220 0500

Stephen Norcross (Corporate Broking)

 

 

ABOUT NORCON:

 

Established in 1957, Norcon (LSE/AIM: NCON) has been a trusted consultant and project manager for more than half a century to governments and some of the world's largest global firms.  These organisations rely on Norcon to select, implement and maintain a communication infrastructure that not only matches, but also supports the critical needs of their operations.  Norcon's strength lies in its understanding of complex communication networks and their design.

 

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