Immotion Group PLC Issue of Shares (6285R)
October 30 2019 - 6:30AM
UK Regulatory
TIDMIMMO
RNS Number : 6285R
Immotion Group PLC
30 October 2019
Immotion Group plc
("Immotion Group", "the "Company")
Issue of Shares
Immotion Group, the UK-based immersive 'Out of Home'
entertainment group, is pleased to announce that it has entered
into an agreement to pay for the services of a consultant engaged
to review and enhance the Company's offering in shares.
Accordingly, the Company has elected to issue 147,059 new ordinary
shares ("Remuneration Shares") at 6.8 pence per share, being the
market price of the Company's shares when the agreement was made,
in respect of GBP10,000 of this consultancy.
Under the consultancy agreement, the consultant may be entitled
to a further GBP40,000 of fees, contingent on performance, which
the Company may also elect to pay in shares, or at the Company's
discretion, in cash. A further announcement will be made should
further shares be issued.
Application has been made for the Remuneration Shares to be
admitted to trading on AIM, which is expected to occur on 31
October 2019.
Following Admission of the Remuneration Shares, the Company will
have 285,609,750 Ordinary Shares in issue and admitted to trading
on AIM. This figure 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 share capital of the Company under the Disclosure Guidance
and Transparency Rules of the Financial Conduct Authority.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
For further information please visit www.immotion.co.uk, or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161
235 8505
WH Ireland Limited Adrian Hadden Tel + 44 (0) 207
(Nomad and Joint Darshan Patel 220 1666
Broker) Matthew Chan
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186
LLP Erik Woolgar 9900
(Joint Broker)
Alvarium Capital Alex Davies Tel: +44 (0) 207
Partners 195 1433
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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