Company Announcements

20 August 2020

Pelatro plc

("Pelatro" or the "Company")

Results of General Meeting and Total Voting Rights

Pelatro Plc (AIM: PTRO), the telecom Customer Engagement software specialist, is pleased to announce that, at the General Meeting held earlier today, all resolutions proposed were duly passed by shareholders. A summary of the voting results is shown below:

Accordingly, the Company will raise a total of approximately £2.1 million (before expenses) via the Placing and Subscription through the issue and allotment of 4,500,000 New Ordinary Shares. An application has been made for the 2,513,952 EIS/VCT Placing Shares to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on 21 August 2020. A further application has been made for the 1,986,048 General Placing Shares and Subscription Shares to be admitted to trading on AIM, which is expected to take place at 8.00 a.m. on 24 August 2020.

Following admission of the EIS/VCT Placing Shares, General Placing Shares and Subscription Shares, the Company's issued share capital will comprise 37,032,431 Ordinary Shares, of which none are held in treasury. The above figure of 37,032,431 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the circular sent to shareholders of the Company on 4 August 2020.

For further information contact:

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications, and is well positioned in the Customer Engagement space. Our technology orchestrates  the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.

For more information about Pelatro, visit www.pelatro.com

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