Sigmaroc. Regulatory News (SRC)

Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology

Messaging International Plc ('the Company')

Grant of Share Options

Messaging International Plc, the AIM traded provider of innovative messaging services, announces that on 29 January 2015, the Company granted to certain employees options to subscribe for, in aggregate, 760,000 ordinary shares of 0.5 pence each in the Company at 0.91 pence per share, being the average closing price of the Ordinary Shares during the 30 trading days immediately preceding the grant of such options.

The vesting terms of the options will be as follows:

First tranche of 190,000 to be exercisable after 29 January 2016

Second tranche of 190,000 to be exercisable after 29 January 2017

Third tranche of 190,000 to be exercisable after 29 January 2018

Fourth tranche of 190,000 to be exercisable after 29 January 2019

The total number of employee, director and advisor options in existence following this announcement is 36,625,699 representing approximately of 31.6% per cent of the issued share capital of the Company.

The announcement made by the Company on 2 April 2014 (Options Grant, Loan Arrangement & Bonus Carve Out) made reference to proposed loans by the Company of £15,000 each, to Guy Levit and a senior manager, Gil Shapira (the "Loans"), in order to allow Mr Levit and Mr Shapira to each exercise existing options over 3,000,000 Ordinary Shares in the Company. To date the Loans have not been made and neither Mr Levit nor Mr Shapira has exercised their existing options over 3,000,000 Ordinary Shares and there is currently no intention for the Loans to be made or for such options to be exercised. 

**ENDS**

For further information visit www.telemessage.com or contact:

About Messaging International Plc

Messaging International Plc joined AIM in August 2005. Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), delivers smart and secure messaging seamlessly over any communication device. Designed specifically for mobile operators and enterprises, the enterprise and VAS consumer solutions intelligently and seamlessly handle text, voice, data, and multimedia messages as well as IP messaging via Smartphone push notifications or RCS over mobiles, tablets, the web, Office, APIs and IT infrastructure. The Company has a number of contracts with major blue chip companies including Sprint, one of the largest wireless providers in the US, Rogers Wireless, the largest wireless provider in Canada, and many more.