IMImobile PLC Exercise of Options (7588Y)

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: [phone] 
 Mike Jefferies, Chief Financial Officer                                  4769 
Redleaf Communications - PR adviser                        Tel: [phone] 
 Charlie Geller                                                           4769 
 Alina Haritonova                                      [e-mail] 
Investec Bank - Nominated Adviser and Joint Broker         Tel: [phone] 
 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

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December 08, 2017 02:01 ET (07:01 GMT)