LightwaveRF PLC Subscription Update (0448V)
28 Novembre 2019 - 3:31PM
UK Regulatory
TIDMLWRF
RNS Number : 0448V
LightwaveRF PLC
28 November 2019
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
28 November 2019
LightwaveRF plc
("LightwaveRF" or the "Company")
Subscription Update
Further to its announcements of 16 August, 20 September, 7
October and 31 October 2019 ("Announcements"), LightwaveRF plc
(AIM: LWRF), the leading smart homes solutions provider, announces
that it has been informed by Committed Capital, a substantial
shareholder of the Company, that the balance of the Deferred
Settlement Shares will not now be subscribed for, therefore, these
shares will not now be issued, allotted and admitted to trading on
AIM. These shares formed part of the 1,880,931 Deferred Settlement
Shares, details of which were set out in the Company's circular
dated 20 September 2019 ("Circular").
Committed Capital has reconfirmed its continued willingness, if
required, to invest further funds into the Company in support of
the strategic review, as announced on 18 November 2019.
This announcement should be read in conjunction with the
Announcements and the full text of the Circular dated 20 September
2019, copies of which are available on the Company's website at
www.lightwaverf.com. Capitalised terms in this announcement have
the same meaning as given in the Circular.
For further enquiries please contact:
LightwaveRF plc www.LightwaveRF.com
Jason Elliott, CEO +44 (0) 121 250 3625
Kevin Edwards, CFO
Shore Capital
Tom Griffiths / David Coaten +44 (0) 20 7408 4090
Yellow Jersey PR www.yellowjerseypr.com
Charles Goodwin +44 (0) 7747 788 221
About LightwaveRF
Lightwave is Europe's leading supplier of installed home
automation technology.
Lightwave products offer convenient automation, control and
monitoring of lighting, heating and power via its app, Apple
HomePod, Amazon Alexa or Google Assistant. Lightwave is also
integrated with Samsung SmartThings and EVO protocols from
Honeywell Home by Resideo.
With market leading quality and wireless range, the modular
system enables users to begin with a small number of devices and
grow over time to easily control an entire property.
Devices are retrofittable using existing standard wiring and are
easy to install. Lightwave also recommends a network of approved,
qualified electricians who have been trained by the Company.
In markets across Europe, Lightwave products can be purchased
directly from the Company or from approved stockists, including
Apple, Amazon, ScrewFix and wholesalers, including Rexel.
Lightwave technology may be specified as a pre-installed option
in newly built properties from Berkeley Homes in partnership with
E.ON Home, Urban Splash and Trivselhus.
For further information please visit www.lightwaverf.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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