Imaginatik PLC Grant of Options (0336J)
December 15 2015 - 2:00AM
UK Regulatory
TIDMIMTK
RNS Number : 0336J
Imaginatik PLC
15 December 2015
15 December 2015
Imaginatik Plc
("Imaginatik" or "the Company")
Grant of Options
Imaginatik plc (AIM: IMTK.L), the world's first full service
innovation provider offering a range of consultancy and technology
products, announces that it has awarded 861,841 new options over
ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") ("Options") to directors and employees as
follows:
Ralph Welborn, CEO and Shawn Taylor, CFO, have been granted
67,000 and 62,533 options respectively and Mr Charles, NED, 25,000.
The options for Mr Taylor will be a combination of options issued
under the EMI scheme as well as unapproved options. Those for Mr
Welborn are issued under the Imaginatik 2006 Stock Option Plan and
those for Mr Charles issued under the EMI scheme.
In addition, eligible employees of the Company have been granted
707,308 options under the EMI scheme as well as the Imaginatik 2006
Stock Option Plan.
All of the options referred to above have an exercise price of
4.88 pence per share, being the closing mid-price of an Ordinary
Share on the day prior to grant, 14 December 2015. In accordance
with the scheme rules, 50 per cent. of the options will vest after
2 years with the remaining 50 per cent. vesting after 3 years.
There are no performance criteria attached to the above
options.
Following the above transactions, the directors of Imaginatik
hold the following Options:
Director Existing New Options Total
Options granted Options
pursuant Held
to 2015
annual
grant
---------------- ---------- ------------ ----------
Matt Cooper,
Non-Executive
Chairman 2,586,531 - 2,586,531
---------------- ---------- ------------ ----------
Ralph Welborn,
CEO 2,200,000 67,000 2,267,000
---------------- ---------- ------------ ----------
Shawn Taylor,
CFO 1,389,679 62,533 1,452,212
---------------- ---------- ------------ ----------
Simon Charles,
Non-Executive
Director 93,750 25,000 118,750
---------------- ---------- ------------ ----------
Imaginatik now has 11,558,794 Options in issue, representing
approximately 13.58% of the current issued share capital and 11.96%
of the fully diluted share capital.
For further information please contact:
Imaginatik plc Tel: 01329
243 243
Matt Cooper Non-Executive Chairman
Ralph Welborn, CEO
Shawn Taylor, CFO
finnCap Ltd Tel: 020 7220
0500
Jonny Franklin-Adams/Giles
Rolls, corporate finance
Alma PR Tel: 0207
796 9085
Caroline Evans-Jones/Hilary
Buchanan
About Imaginatik
Imaginatik provides a range of Innovation solutions comprised of
consultancy, enterprise software and program management to deliver
innovation results to companies such as The World Bank, The Chubb
Group of Insurance Companies, State Farm, Exxon Mobil, Pfizer,
Goodyear, the Yorkshire Building Society, Pitney Bowes and Cargill.
Few companies possess the internal capability to consistently
generate fresh ideas, identify those worth pursuing and reliably
transform them into real, value-enhancing assets. Imaginatik's
mission is to help these companies build sustainable innovation
competencies.
Imaginatik is a public company whose shares are traded on the
AIM market of the London Stock Exchange (LSE:IMTK.L) and is a World
Economic Forum Technology Pioneer with offices in Boston, MA, and
Fareham, UK. For more information visit www.imaginatik.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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