Source - RNS
RNS Number : 3338J
Stilo International PLC
08 September 2016

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

Nominated Adviser

Neil Baldwin 


SI Capital                                                                                                              01483 413500


Nick Emerson 


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

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