Norcon PLC Director/PDMR Shareholding and Issue of Shares (6379K)

TIDMNCON

RNS Number : 6379K

Norcon PLC

26 June 2014

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      Total holding      % of the Company's 
                        awarded under    following issue    issued share capital 
                                 LTIP 
 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 
  Arne 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. www.norconplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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