30 Nov 2021 08:36
30 November 2021
Immotion Group plc
("Immotion", the "Company" or the "Group")
Grant of Options
Immotion Group plc (AIM:IMMO) announces the grant of 1,800,000 options to subscribe for new ordinary shares in the Company to the Performance Director of the LBE division.
The new options have been granted pursuant to the Company's Share Option Scheme and have an exercise price of 5.4 pence per Ordinary Share, being the closing price on Friday 26 November 2021.
The new options will vest and be capable of exercise as follows:
Tranche | Proportion of New Options in Tranche | Vesting Criteria |
1 | 33.33% | Subject to continued service, 12 months from the issue date.
|
2 | 33.33% | Subject to continued service, 24 months from the issue date.
|
3 | 33.33% | Subject to continued service, 36 months from the issue date.
|
Inclusive of these new share options, the Company has a total of 58,729,200 options in issue over Ordinary Shares, representing approximately 14.1% of the Company's current issued share capital.
Enquiries:
For further information please visit www.immotion.co.uk, or contact:
Immotion Group
| Martin Higginson David Marks
| investors@immotion.co.uk |
WH Ireland Limited (Nomad and Joint Broker)
| Adrian Hadden Darshan Patel Ben Good | Tel + 44 (0) 207 220 1666 |
Alvarium Capital Partners (Joint Broker) | Alex Davies | Tel: +44 (0) 207 195 1458 |
Shard Capital Partners LLP (Joint Broker) | Damon Heath Erik Woolgar
| Tel: +44 (0) 207 186 9900 |