8 Dec 2017 07:00
IMImobile PLC
("IMImobile" or the "Company")
Exercise of Options
The Company has today been advised by Jay Patel, Chief Executive, that on 7 December 2017 he exercised his nil cost option to acquire 300,000 ordinary shares of 10p each in the Company ("Ordinary Shares") following the vesting of share awards under IMImobile Europe Limited Flowering Share Plan.
Following the exercise of options, Mr Patel is interested in 3,382,500 ordinary shares representing approximately 5.5% of the issued share capital and voting rights of the Company.
Accordingly, application has been made to the London Stock Exchange for 300,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari-passu with existing Ordinary Shares and it is expected that Admission will become effective on 13 December 2017.
The Company's issued share capital following Admission will comprise 61,685,070 Ordinary Shares. The Company holds zero shares in treasury. Therefore, when calculating voting rights, shareholders should use the figure of 61,685,070 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | IMImobile PLC | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Executive Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | IMImobile PLC | |
(b) | LEI | 213800LIE15BDEN3VW43 | |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
(a) | Description of the Financial Instrument | Ordinary Shares of 10p each | |
(b) | Identification code of the Financial Instrument | ISIN Code : GB00BLBP4Y22 | |
(c) | Nature of the transaction | Exercise of nil cost options IMImobile Europe Limited Flowering Share Plan | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
NIL | 300,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
N/A | |
(f) | Date of the transaction | 07 December 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
For further information please contact:
IMImobile PLC Jay Patel, Chief Executive Officer Mike Jefferies, Chief Financial Officer | c/o Redleaf Communications Tel: +44 (0)20 7382 4769 |
Redleaf Communications - PR adviser Charlie Geller Alina Haritonova | Tel: +44 (0)20 7382 4769 imimobile@redleafpr.com |
Investec Bank - Nominated Adviser and Joint Broker Andrew Pinder Henry Reast Robert Baker | Tel: +44 (0)207 597 5970 |
Whitman Howard - Joint Broker Ranald McGregor-Smith Francis North | Tel: +44 (0) 207 659 1234 |
About IMImobile PLC
IMImobile is a cloud communications software and solutions provider that enables companies to use mobile and digital technologies to communicate and engage with their customers.
Organisations that trust us to deliver smarter digital customer engagement solutions include Vodafone, Telefonica, Aircel, Capita, BT, BSNL, Ooredoo, MTN, France Telecom, Centrica, Pizza Hut, Tata, the AA, the BBC, EE, Multichoice, Betfair, government agencies and several major financial institutions.
IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg, and has over 1,000 employees worldwide. IMImobile PLC is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.