Last checked at 30 Sep 2016 07:00
This announcement contains inside information
For immediate release | September 30th, 2016 |
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
Director Share Dealing and Exercise of Options
XLMedia (AIM: XLM), a leading provider of digital performance marketing services, has been informed that Ory Weihs, Chief Executive Officer, exercised options over 83,333 ordinary shares in the Company (the "Options"), being all the vested options he currently holds in XLMedia.
The decision to exercise options reflects Mr. Weihs' confidence and commitment to XLMedia and he will not be selling shares as part of the transaction.
The 83,333 options were exercised at a price of 49p each resulting in the receipt by the Company of an aggregate amount of 40,834 GBP.
Following the exercise of the Options, Mr. Weihs holds 10,628,173 shares representing 5.30% of the Company's existing issued share capital, of which 2,180,834 ordinary shares (approximately 1.09% of the Company's issued share capital) are held directly and 8,447,339 ordinary shares (approximately 4.22% of the Company's issued share capital) are held through an indirect economic interest in (but with no voting rights attaching to) such ordinary shares which are held by Webpals Enterprises Limited. Mr. Weihs continues to hold options over 359,166 ordinary shares in the Company.
The exercise of the Options is in accordance with confirmation received by the Company from the Panel on Takeovers and Mergers prior to admission of the Company's ordinary shares to trading on AIM whereby since such Options were in existence prior to Admission, their exercise does not result in the Concert Party (such term as defined in the Company's Admission Document) incurring an obligation to make an offer under Rule 9 of the City Code. Following the exercise of the Options, the Concert Party is interested in, in aggregate, 87,221,161 ordinary shares in the Company (of which 85,040,327 are held by Webpals Enterprises Limited and 2,180,834 are held by Ory Weihs), representing approximately 43.53% of the Company's issued voting share capital.
The exercise of the Options is being satisfied by the transfer of shares from the Tamir Fishman Trusts 2004 Ltd ("Tamir Fishman"), the appointed trustee for the Company's Global Share Incentive Plan. Following the transfer of shares Tamir Fishman holds 3,769,416 ordinary shares in the Company representing 1.88% of the Company's issued share capital.
Following the exercise of the Options the total number of Ordinary Shares in the Company remains at 200,352,402 and this is the figure which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules set out in the Company's articles of association.
ANNEX
Template for 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
| Mr. Ory Weihs
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO and Director / PDMR | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| XLMedia Plc. | ||||
b)
| LEI
| NA | ||||
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
Identification code
| Ordinary Shares of US0.000001
JE00BH6XDL31
| ||||
b)
| Nature of the transaction
| Exercise of Options pursuant to The Group Incentive Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
NA | ||||
e)
| Date of the transaction
| September 29th, 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
For further information, please contact:
XLMedia plc Ory Weihs www.xlmedia.com
| Tel: 020 8817 5283 |
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com
| Tel: 020 78309700 |
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com
| Tel: 020 7397 8900 |
Liberum (Joint Broker) Neil Patel / Chris Clarke www.liberum.com | Tel: 020 3100 2000 |