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1 Nov 2017 15:41
1 November 2017
mporium Group plc
("mporium" or the "Group")
Release from Lock-in Agreement
mporium Group plc (AIM:MPM), the technology firm delivering event-driven marketing, announces that it has given its consent to Cxense ASA to sell a total of 100,000,000 Ordinary Shares in the Company that are subject to a lock-in and orderly market agreement dated 15 May 2015 between the Company and Cxense (the "Lock-in Agreement"). The Lock-in Agreement was for a period of three years.
In order to be released from the Lock-in Agreement before expiration, Cxense has agreed to make a payment of £1.13 million to the Company.
For the purposes of the AIM Rules, the release of the lock-in and orderly market agreement is deemed a related party transaction. The Directors consider, having consulted with the Company's Nominated Adviser, N+1 Singer, that release of Cxense from the Lock-in Agreement is fair and reasonable insofar as the Company's shareholders are concerned.
-Ends-
Enquiries
mporium | +44 20 3841 8402 |
Nelius De Groot, Chief Executive Office | |
N+1 Singer (Nominated Adviser & Broker) | |
Michael Taylor | +44 207 496 3000 |
Mark Taylor |
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Alma PR (Financial PR) | +44 203 865 9668 |
Rebecca Sanders-Hewett Josh Royston Susie Hudson |
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Notes to Editors
About mporium
mporium is a technology company at the forefront of the transformation in digital marketing. mporium's proprietary technology enables advertisers, to identify and monetise micro-moments - those moments when there are significant changes in the levels of consumer intent. Using technologies derived from financial services, these micro-moments are used to drive highly performant digital advertising campaigns: from brand advertising to direct response.
Based in the UK, mporium Group plc is quoted on AIM, the growth market of the London Stock Exchange plc.
www.mporium.com
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