3 Sep 2020 16:30
3 September 2020
IMImobile PLC
("IMImobile" or the "Company")
Grant of SAYE Options and PDMR Dealings
IMImobile (AIM: IMO) announces the grant of options to employees as part of the Group's Save As You Earn ("SAYE") share option scheme for 2020. The scheme is open to all permanent employees with at least two years continuing employment to encourage ownership and sharing in the future growth of the Group via share option arrangements.
Eligible employees were invited to apply for options under the SAYE scheme over IMImobile's ordinary shares of 10p each ("Shares") with an exercise price of 296p. The exercise price of the Options was set at a discount of 20% to the closing middle market share price of 370p on the trading day prior to the communication of the scheme to eligible employees being 11 August 2020. The options have a contract start date of 1 October 2020 and are exercisable from 36 months thereafter.
A total of 269 employees have elected to participate in the 2020 SAYE Scheme, and pursuant to their elections, options over a total of 659,958 Shares have been granted today representing 0.80% of the Company's issued share capital.
The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2020 SAYE Scheme:
Name | Title | Options granted |
Mr Jayesh (Jay) Patel | Group CEO | 6,081 |
Mr Michael (Mike) Jefferies | Group CFO | 6,081 |
Mr Mark Fallowfield-Smith | VP Group Finance | 6,081 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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 Mark Fallowfield-Smith
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2. | Reason for the Notification | ||
a) | Position/status | 1. Group CEO 2. Group CFO 3. VP Group Finance | |
b) | Initial notification/amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
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, type of instrument | Ordinary Shares of 10 pence each | |
Identification code | GB00BLBP4Y22 | ||
b) | Nature of the Transaction | Grant of options under the 2020 Save as You Earn (SAYE) scheme. | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil paid, exercise price of 296p | 1. 6,081 2. 6,081 3. 6,081 | ||
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d) | Aggregated information Aggregated volume Price | N/A - single transaction | |
e) | Date of the transaction | 3 September 2020 | |
f) | Place of the transaction | London Stock Exchange | |
- ENDS -
For further information, please contact:
IMImobile PLC | c/o Alma PR |
Jay Patel, Group Chief Executive Officer | Tel: +44 (0)20 3405 0205 |
Mike Jefferies, Group Chief Financial Officer |
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Alma PR | Tel: +44 (0)20 3405 0205 |
Rebecca Sanders-Hewett | IMImobile@almapr.co.uk |
Susie Hudson |
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Harriet Jackson |
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Investec Bank - Nominated Adviser and Joint Broker | Tel: +44 (0)20 7597 5970 |
Henry Reast |
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Virginia Bull |
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Tejas Padalkar
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N+1 Singer - Joint Broker | Tel: +44 (0)20 7496 3000 |
Tom Salvesen |
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Justin McKeegan |
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Iqra Amin |
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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 orchestrates customer interactions, connecting existing business systems with digital communications channels. Organisations that trust us to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Walgreens, Tracfone, Ooredoo, Best Buy, Express, three of the major retail banks in the UK and public-sector organisations globally.
IMImobile is headquartered in London with offices across the UK, Hyderabad, Toronto, Boca Raton, 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.