3 Jun 2015 09:41
3 June 2015
IMImobile PLC
("IMI" or "the Company")
Share Dealings
IMImobile PLC, a provider of software and services for mobile engagement announces that in order to satisfy investor demand the lock-in provisions entered into by First Mark India Mauritius IV Ltd ("First Mark") and Sequoia Capital India Investment Holdings III ("Sequoia") which were to expire on 27 June 2015 (being one year since the Company's initial public offering) have been lifted to allow the share dealings outlined in this announcement.
On 2 June 2015 First Mark sold 2,309,387 ordinary shares representing 4.81% of the Company's issued share capital at 120 pence per share. On 2 June 2015 Sequoia sold 4,661,568 ordinary shares representing 9.7% of the Company's issued share capital at 120 pence per share.
Following completion of these share dealings First Mark will have an interest in 2,309,386 shares representing 4.81% of the issued share capital of the Company, Sequoia will no longer have any interest in the Company's shares.
Enquiries:
IMImobile PLC Jay Patel, Chief Executive Officer Michael Jefferies, Group Finance Director | c/o Buchanan Tel: +44 (0)20 7466 5000 |
Buchanan - Financial PR adviser Mark Edwards / Gabriella Clinkard / Stephanie Watson | Tel: +44 (0)20 7466 5000 imimobile@buchanan.uk.com |
SPARK Advisory Partners - Nominated adviser Matt Davis / Sean Wyndham-Quin | Tel: +44 (0)203 368 3552 |
Whitman Howard - Joint Broker Ranald McGregor-Smith | Tel: +44 (0) 207 659 1250 |
WH Ireland - Joint Broker Adrian Hadden | Tel: +44 (0)207 220 1666 |