Calnex Solutions plc has announced the issuance of 17,700 new ordinary shares of 0.125 pence each ("New Shares") as a result of the exercise of options issued under the Company's EMI Share Option Plan. Application will be made for the admission of the New Shares to trading on AIM, and it is expected that Admission will become effective on or around 8.00 a.m. on 26 February 2024. Following Admission, the Company's issued share capital will consist of 87,558,302 Ordinary Shares with voting rights, and Calnex does not hold any Ordinary Shares in treasury.
Calnex Solutions plc designs, produces, and markets test and measurement instrumentation and solutions for the telecommunications and cloud computing industries. Its portfolio enables R&D, pre-deployment, and in-service testing for network technologies and networked applications, allowing customers to validate the performance of critical infrastructure associated with telecommunications and cloud computing networks and the applications that run on it. The company has secured and delivered orders in 68 countries across the world, with customers including BT, China Mobile, NTT, Ericsson, Nokia, Intel, Qualcomm, IBM, and Meta.
For more information, shareholders can contact Calnex Solutions plc. The company's Chief Executive Officer, Tommy Cook, and Chief Financial Officer, Ashleigh Greenan, can be reached via Alma. Additionally, Cavendish Capital Markets Limited serves as the NOMAD, and Alma can be contacted for further details.
This exercise of options and the subsequent issuance of new shares, along with the overview of Calnex Solutions plc's business activities, demonstrate the company's ongoing growth and its position as a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets.