26 Mar 2019 10:50
26 March 2019
IMImobile PLC
("IMImobile" or the "Company")
Grant of Options
IMImobile (AIM: IMO) announces that on 26 March 2019, the Company granted options ("Options") over ordinary shares of 10 pence each in the capital of the Company (the "Shares") to three Directors under the IMImobile 2014 Unapproved Option Plan (the "LTIP"), at a price of 250 pence per Share. Details of the Awards are set out below.
No payment was required for the grant of the Awards.
In accordance with the rules of the LTIP, Shares awarded will vest according to the schedule set out below.
| |||
Name | Number of Shares under Award | 30 June 2021 | 30 June 2022 |
Mr Jayesh (Jay) Patel | 800,000 | 400,000 | 400,000 |
Mr Michael (Mike) Jefferies | 350,000 | 175,000 | 175,000 |
Mr Shyamprasad (Shyam) Bhat | 350,000 | 175,000 | 175,000 |
This announcement, including the notification(s) below, is made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| 1. Mr Jayesh (Jay) Patel 2. Mr Michael (Mike) Jefferies 3. Mr Shyamprasad (Shyam) Bhat | ||||
2 | Reason for the notification | |||||
a)
| Position/status | 1. CEO 2. CFO 3. CTO | ||||
b) | Initial notification / Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| IMImobile | ||||
b)
| LEI
| N/A | ||||
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, type of instrument
Identification code: | Ordinary shares of 10 pence each
ISIN: GB00BLBP4Y22 | ||||
b)
| Nature of the transaction
| Granting of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
|
| ||||
e)
| Date of the transaction | 26 March 2019 | ||||
f) | Place of the transaction | Off market | ||||
For further information please contact:
IMImobile PLC | c/o Newgate Communications |
Jay Patel, Chief Executive Officer | Tel: +44 (0)20 3757 6880 |
Mike Jefferies, Chief Financial Officer | |
Newgate Communications | Tel: +44 (0)20 3757 6880 |
Bob Huxford | IMImobile@newgatecomms.com |
Fiona Norman | |
Tom Carnegie | |
Investec Bank - Nominated Adviser and Joint Broker | Tel: +44 (0)20 7597 5970 |
Henry Reast | |
Andrew Pinder | |
N+1 Singer - Joint Broker | Tel: +44 (0)20 7496 3000 |
Shaun Dobson | |
Jonathan Dighe |
About IMImobile PLC
IMImobile is a communications software provider whose solutions enable enterprises to automate digital customer communications and interactions to improve customer experience and reduce operating costs.
IMImobile's enterprise cloud communications software platform manages over 42 billion messages a year across the world. Organisations that trust us to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Foxtons, Pizza Hut, Vodafone, MTN, three of the major retail banks in the UK and public-sector organisations globally.
IMImobile is headquartered in London with offices in Hyderabad, Toronto, Little Rock, Dubai and Johannesburg and has over 1,100 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.