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2 Nov 2011 16:00
Monitise plc (the "Company")Director / PDMR Shareholdings
The Company announces that it has today issued 592,584 new ordinary shares of 1p each ("Ordinary Shares") pursuant to the vesting of conditional rights to Ordinary Shares by certain Directors and employees of the Company under the Deferred Annual Bonus Plan ("DAB") in line with the DAB Scheme Rules. Of the 592,584 new Ordinary Shares being issued, 275,916 Ordinary Shares are being issued to certain directors of the Company.
In addition, the Company announces that, as part of its Approved Save As You Earn plan ("SAYE 2011"), it has granted 63,380 options over Ordinary Shares, with an exercise price of £0.284 and a 3 year term to certain Directors of the Company.
The conditional rights to Ordinary Shares vested and options granted to Directors are summarised below:
Name of Director | Position | Rights vested under DAB | DAB vesting price | SAYE 2011 options granted | Total Options held following DAB vesting and SAYE 2011 grant
|
Duncan McIntyre | Chairman | 101,110 | Nil | Nil | Nil |
Alastair Lukies | Chief Executive Officer | 96,056 | Nil | 31,690 | 13,158,005 |
Lee Cameron | Chief Commercial Officer | 78,750 | Nil | 31,690 | 5,596,273 |
To solely satisfy PAYE, national insurance and related liabilities, the Company also announces that certain Directors have today sold 97,417 Ordinary Shares as follows:
Name of Director | Ordinary Shares sold | Sale price per Ordinary Share | Resultant Ordinary Shares held | % of issued capital |
Alastair Lukies | 53,531 | £0.3875 | 4,466,747 | 0.56% |
Lee Cameron | 43,886 | £0.3875 | 553,991 | 0.07% |
Duncan McIntyre has not sold any Ordinary Shares and his resultant shareholding following vesting of the DAB is 24,580,614 Ordinary Shares, representing 3.05 per cent. of issued capital of the Company.
Lee Cameron has also today transferred today 17,432 Ordinary Shares to his wife for nil consideration with no resulting change to his beneficial interest.
Application has been made to the London Stock Exchange for the admission of the 592,584 new Ordinary Shares to trading on AIM and it is expected that admission will occur on 8 November 2011. The new Ordinary Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares in issue following admission.
Following the issue of the new Ordinary Shares, the Company has 804,742,488 ordinary shares of 1p each in issue.
2 November 2011
Contacts:
Monitise Group Tel: 020 7947 4300Tom Spurgeon, Finance Director and Company SecretaryGavin Haycock, Communications Director
Evolution Securities Limited (NOMAD) Tel: 020 7071 4300Garry LevinStuart AndrewsTim Redfern
Canaccord Genuity Limited Tel: 020 7050 6500Simon Bridges
FTI Consulting Tel: 020 7831 3113Charles PalmerJon Snowball
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