22 Nov 2012 07:00
22 November 2012
Imaginatik plc
("Imaginatik" or the "Company")
Share Options
Imaginatik plc (AIM: IMTK), the world's first full service innovation provider offering a range of technology products and consultancy, announces that the Company has awarded 11,967,500 new share options to directors and employees ("New Options") as follows:
a. Matt Cooper, Shawn Taylor, Luis Solis and Nicholas Goss, each being an executive director of the Company, have been granted 660,000, 616,000, 528,000 and 528,000 options respectively. The share options for Mr Cooper and Mr Taylor will be a combination of options issued under The Imaginatik plc Enterprise Management Incentive Scheme ("EMI scheme") as well as unapproved options. The share options for Mr Goss will all be issued under the EMI scheme. The share options for Mr Solis will be issued under the Imaginatik 2006 Stock Option Plan.
b. Eligible employees of the Company have been granted 9,635,500 share options under the EMI scheme as well as the Imaginatik 2006 Stock Option Plan.
The exercise price in respect of the options is 0.315p per share with the exception of 3,816,667 options which are at 1.0 pence per share pursuant to a contract of employment.
The New Options will vest as to 50% two years after grant and 50% three years after grant.
The remuneration committee considers that the grant of the New Options provides the senior management team and employees of the Company with an appropriate and effective incentive for the future.
Imaginatik now has 83,199,117 share options in issue, representing approximately 9.8% of the current issued share capital and 8.9% of the fully diluted share capital.
Executive Directors | Total Options post grant |
Matt Cooper | 19,722,500 |
Shawn Taylor | 14,841,000 |
Luis Solis | 10,028,000 |
Nicholas Goss | 5,528,000 |
Non-Executive Directors | |
David Gammon | 2,000,000 |
Simon Charles | 2,000,000 |
Employees | 25,223,166 |
Ex-employees | 650,000 |
Northland Capital Partners | 3,206,451 |
For further information please contact:
Imaginatik plc | Tel: 020 7917 2975 |
Matt Cooper, Executive Chairman / Shawn Taylor, CFO | |
Northland Capital Partners Limited | Tel: 020 7796 8800 |
Tim Metcalfe / Edward Hutton | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones / Hilary Millar |
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as The World Bank, NYSE, The Chubb Group of Insurance Companies, Boeing, Pfizer, Goodyear, Paccar, Kellogg and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. Imaginatik's mission is to help these companies build sustainable innovation competencies.
Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World Economic Forum Technology Pioneer with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.