8th September 2016
Stilo International plc
Issue of new shares
Exercise of Share Options
The Board of Stilo International plc ("Stilo" or the "Company") (LSE:STL), the AIM quoted software and cloud services company, announces that it has today issued 660,000 new ordinary shares of 1p each in the company (''Ordinary Shares'') following notification of the exercise of share options by an employee. The average exercise price of the new shares is 2.03 pence per share, generating cash proceeds to the Company of £13,400.
Application has been made for the 660,000 Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 14th September 2016.
The Ordinary Shares will rank pari passu with the existing shares of the Company. Following allotment of the Ordinary Shares, the total issued share capital of the Company will be 113,768,470 ordinary shares.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Stilo following this allotment will consist of 113,768,470 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Stilo under the DTRs.
Stilo International plc 01793 441444
Les Burnham, Chief Executive
Richard Alsept, Company Secretary
SPARK Advisory 0203 368 3554
SI Capital 01483 413500
This information is provided by RNS