The Directors of Starcom (AIM: STAR) announce that the Company is today posting a circular to shareholders containing a notice convening a general meeting of the Company (the “General Meeting”) to be held at the offices of Peterhouse Corporate Finance Limited, New Liverpool House, 15 Eldon Street, London EC2M 7LD at 11.00 a.m. on 26 October 2017.
The General Meeting will consider resolutions to seek new authorities from shareholders to allot shares for general purposes and on a non-pre-emptive basis. The notice of General Meeting will be available on the Company’s website at www.starcomsystems.com
In his Chairman’s letter, set out in the notice of General Meeting, Michael Rosenberg commented:
“The new agreements which have been secured by the Company (as summarised in the recent interim results report) and the possibility of further new agreements now under negotiation have increased the Company’s working capital requirements. The Directors consider it important, and in the best interests of the Company, that they have the ability to move quickly to secure new funds if the opportunity to do so should arise. As reported in the interim results report, activity is at a high level and the Directors are confident that revenues for 2017 will exceed last year’s. It is encouraging that current agreements already anticipate a good start to 2018.”
Sep 2, 2017.
Starcom which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people announced that an agreement has been reached with CropX Ltd. The agreement will see the supply of a number of units based on the technology of Kylos Air, with agreed modifications to suit the needs of CropX. They are an Israeli company which is now a world leader in the provision of its devices to farmers enabling them accurately to measure the irrigation needs, in real time, of their crops through the deployment of sensors in their fields. A good win for Starcom and who knows if the results might help us discover who keeps making those pesky crop circles everywhere.
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