IMImobile PLC Exercise of Options (7588Y)
December 08 2017 - 2:01AM
UK Regulatory
TIDMIMO
RNS Number : 7588Y
IMImobile PLC
08 December 2017
IMImobile PLC
("IMImobile" or the "Company")
Exercise of Options
The Company has today been advised by Jay Patel, Chief
Executive, that on 7 December 2017 he exercised his nil cost option
to acquire 300,000 ordinary shares of 10p each in the Company
("Ordinary Shares") following the vesting of share awards under
IMImobile Europe Limited Flowering Share Plan.
Following the exercise of options, Mr Patel is interested in
3,382,500 ordinary shares representing approximately 5.5% of the
issued share capital and voting rights of the Company.
Accordingly, application has been made to the London Stock
Exchange for 300,000 new Ordinary Shares to be admitted to trading
on AIM ("Admission"). The new Ordinary Shares will rank pari-passu
with existing Ordinary Shares and it is expected that Admission
will become effective on 13 December 2017.
The Company's issued share capital following Admission will
comprise 61,685,070 Ordinary Shares. The Company holds zero shares
in treasury. Therefore, when calculating voting rights,
shareholders should use the figure of 61,685,070 as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest
in, the share capital of the Company under the FCA's Disclosure and
Transparency Rules.
1. Details of the person discharging managerial
responsibilities/person closely associated
----- --------------------------------------------------------------
(a) Name IMImobile PLC
----- ---------------------------- --------------------------------
2. Reason for the notification
----- --------------------------------------------------------------
(a) Position/status Chief Executive Officer
----- ---------------------------- --------------------------------
(b) Initial notification/ Initial notification
Amendment
----- ---------------------------- --------------------------------
3. Details of the issuer
----- --------------------------------------------------------------
(a) Name IMImobile PLC
----- ---------------------------- --------------------------------
(b) LEI 213800LIE15BDEN3VW43
----- ---------------------------- --------------------------------
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 Ordinary Shares of 10p each
the Financial
Instrument
----- ---------------------------- --------------------------------
(b) Identification ISIN Code : GB00BLBP4Y22
code of the Financial
Instrument
----- ---------------------------- --------------------------------
(c) Nature of the Exercise of nil cost options
transaction IMImobile Europe Limited
Flowering Share Plan
----- ---------------------------- --------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
--------------- ---------------
NIL 300,000
-------------------------------------------------- ---------------
(e) Aggregated information
- Aggregated volume N/A
- Price
----- ---------------------------- --------------------------------
(f) Date of the transaction 07 December 2017
----- ---------------------------- --------------------------------
(g) Place of the transaction London Stock Exchange
----- ---------------------------- --------------------------------
For further information please contact:
IMImobile PLC c/o Redleaf Communications
Jay Patel, Chief Executive Officer Tel: +44 (0)20 7382
Mike Jefferies, Chief Financial Officer 4769
Redleaf Communications - PR adviser Tel: +44 (0)20 7382
Charlie Geller 4769
Alina Haritonova imimobile@redleafpr.com
Investec Bank - Nominated Adviser and Joint Broker Tel: +44 (0)207 597
Andrew Pinder 5970
Henry Reast
Robert Baker
Whitman Howard - Joint Broker Tel: +44 (0) 207
Ranald McGregor-Smith 659 1234
Francis North
About IMImobile PLC
IMImobile is a cloud communications software and solutions
provider that enables companies to use mobile and digital
technologies to communicate and engage with their customers.
Organisations that trust us to deliver smarter digital customer
engagement solutions include Vodafone, Telefonica, Aircel, Capita,
BT, BSNL, Ooredoo, MTN, France Telecom, Centrica, Pizza Hut, Tata,
the AA, the BBC, EE, Multichoice, Betfair, government agencies and
several major financial institutions.
IMImobile is headquartered in London with offices in Hyderabad,
Atlanta, Dubai and Johannesburg, and has over 1,000 employees
worldwide. IMImobile PLC is quoted on the London Stock Exchange's
AIM market with the TIDM code IMO.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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