17 Jul 2015 12:08
CDialogues plc
("CDialogues" or the "Company")
Issue of Shares to Directors
CDialogues plc (AIM: CDOG), the provider of mobile marketing solutions to Mobile Network Operators ("MNOs"), announces that the Company has today transferred a total of 9,760 ordinary shares of £0.01 each in the Company ("Ordinary Shares") out of treasury.
The Company has transferred 3,416 Ordinary Shares to Daroy Gordon Limited, the company which provides the services of Jeffrey Gordon as non-executive director of the Company and 6,344 Ordinary Shares to Intrinsic Capital LLP, the partnership which provides the services of Mark Horrocks as non-executive chairman of the Company.
These transfers of Ordinary Shares have taken place in satisfaction of bonuses that have been awarded to Jeffrey Gordon and Mark Horrocks. The transfers took place at a price of 312.5 pence per Ordinary Share, which represents the closing mid-market price of the Company`s Ordinary Shares on 16 July 2015.
Following these transfers, Jeffrey Gordon has a beneficial interest through Daroy Gordon Limited of 8,133 Ordinary Shares, which represents 0.13% of the voting rights in the Company and Mark Horrocks has a beneficial interest through Intrinsic Capital LLP of 6,344 Ordinary Shares, which represents 0.10% of the voting rights in the Company.
Following the above transfers, the Company has 6,226,777 Ordinary Shares in issue (excluding treasury shares), which is the total number of voting rights and may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change in their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The total number of Ordinary Shares now held in treasury is 13,773.
Enquiries:
CDialogues Plc | Tel: +30 2106 300 930 |
George Karakovounis |
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Pale Spanos |
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Allenby Capital Limited | Tel: 0203 328 5656 |
David Hart |
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Alex Brearley |
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Walbrook PR Ltd | Tel: 020 7933 8780/ cdialogues@walbrookpr.com |
Paul Cornelius | Mob: 07866 384 707 |
Nick Rome | Mob: 07748 325 236 |
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to retain and acquire market share, increase average revenue per user (ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed solutions, utilizing advanced Data analytics techniques combined with Linguistic engineering marketing, to build awareness and multiply sales and opt-ins of promotional offerings and other mobile content being offered by the MNOs.
The solutions designed by the Company, are tailored and served with the appropriate Linguistic format, to each individual mobile network subscriber typology and geography it operates in, using its proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a recurring subscription-based revenue model, which has been pioneered by the Company. As a result, the Company benefits from incremental cash flow growth from each new campaign customer and mobile network subscriber.
The Company's near-term focus is on growing both its customer base and expanding its geographic footprint in selected markets in the Middle East, Africa and Southeast Asia, where mobile device penetration and mobile network usage is growing rapidly.
CDialogues has been profitable and cash flow positive since commercial operations began in early 2012.