Exercise of Options, PDMR Shareholding and TVR
Eleco PLC announced the issuance and allotment of 100,000 new ordinary shares at 1 pence each following the exercise of options by the CEO under the 2014 Share Option Plan. Post-exercise, the CEO now holds 148,361 ordinary shares, representing 0.177% of the company's issued share capital. Application has been made for these new shares to be admitted to trading on AIM, with admission expected on September 26, 2025. Following admission, the company will have 83,677,397 ordinary shares in issue, representing the total number of voting rights.
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The Board of Eleco Plc (AIM: ELCO), the specialist software provider for the built environment, advises it has issued and allotted a total of 100,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") in accordance with options exercised by Jonathan Hunter, Chief Executive Officer of Eleco, under the 2014 Share Option Plan.
Following this exercise, Jonathan Hunter is now interested in 148,361 Ordinary Shares in the Company, representing 0.177% of the issued share capital.
Application will be made for 100,000 new Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective on 26 September 2025. Following Admission, Eleco PLC will have 83,677,397 Ordinary Shares in issue. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 83,677,397.
For further information please visit www.eleco.com.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Jonathan Hunter | |
| 2. | Reason for the Notification | ||
| a) | Position / status | Chief Executive Officer | |
| b) | Initial notification /amendment | Initial notification | |
| a) | Name | Eleco plc | |
| b) | LEI | 21380016GT9Z6ZQX4T37 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | ELCO GB0003081246 | ||
| b) | Nature of the transaction | Exercise of Options | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| 1p | 100,000 | ||
| d) | Aggregated information: Aggregated volume Price | 100,000 £1,000 | |
| e) | Date of the transaction | 22 September 2025 | |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.