IMImobile PLC Grant of Options (0124V)

TIDMIMO

RNS Number : 0124V

IMImobile PLC

25 January 2017

25 January 2017

IMImobile PLC

("IMImobile" or the "Company")

Grant of Options

IMImobile (AIM: IMO) announces that on 24 January 2017, the Company granted options ("Options") over ordinary shares of 10 pence each in the capital of the Company (the "Shares") to three Directors under the IMImobile 2014 Unapproved Option Plan (the "LTIP"), at a price of 180 pence per Share. Details of the Awards are set out below.

No payment was required for the grant of the Awards.

In accordance with the rules of the LTIP, Shares awarded will vest annually in June each year according to the schedule set out below.

 
                                             Vesting Schedule 
-------------------  -----------  -------------------------------------- 
  Name                    Number   30 June   30 June   30 June   30 June 
                       of Shares      2017      2018      2019      2020 
                           under 
                           Award 
-------------------  -----------  --------  --------  --------  -------- 
 Mr Jayesh (Jay) 
  Patel                  900,000   150,000   150,000   300,000   300,000 
-------------------  -----------  --------  --------  --------  -------- 
 Mr Michael (Mike) 
  Jefferies              350,000    50,000    50,000   125,000   125,000 
-------------------  -----------  --------  --------  --------  -------- 
 Mr Shyamprasad 
  (Shyam) Bhat           350,000    50,000    50,000   125,000   125,000 
-------------------  -----------  --------  --------  --------  -------- 
 

This announcement, including the notification(s) below, is made in accordance with the requirements of the EU Market Abuse Regulation.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                           1. Mr Jayesh (Jay) Patel 
                                      2. Mr Michael (Mike) Jefferies 
                                      3. Mr Shyamprasad (Shyam) Bhat 
---  ------------------------  ------------------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                1. CEO 
                                      2. CFO 
                                      3. CTO 
---  ------------------------  ------------------------------------------- 
 b)   Initial notification      Initial Notification 
       / Amendment 
---  ------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------------------- 
 a)   Name                             IMImobile 
---  ------------------------  ------------------------------------------- 
 b)   LEI                              N/A 
---  ------------------------  ------------------------------------------- 
 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 10 pence 
       the financial              each 
       instrument, type 
       of instrument              ISIN: GB00BLBP4Y22 
 
       Identification 
       code: 
---  ------------------------  ------------------------------------------- 
 b)   Nature of the             Granting of Options 
       transaction 
---  ------------------------  ------------------------------------------- 
 c)   Price(s) and                Price(s)               Volume(s) 
       volume(s)                  ---------------------  ----------------- 
                                              Nil paid         1. 900,000 
                                               exercise 
                                               price of 
                                               180p 
                                                                2. 350,000 
                                                                3. 350,000 
                                  ---------------------  ----------------- 
---  ------------------------  ------------------------------------------- 
 d)   Aggregated information           Price(s)       Aggregated 
                                                        volume (s) 
                                       -------------  ------------ 
                                        N/A - single 
                                         transaction 
                                       -------------  ------------ 
---  ------------------------  ------------------------------------------- 
 e)   Date of the transaction   24 January 2017 
---  ------------------------  ------------------------------------------- 
 f)   Place of the                  Off market 
       transaction 
---  ------------------------  ------------------------------------------- 
 

For further information please contact:

 
IMImobile PLC                                 c/o Redleaf Communications 
 Jay Patel, Chief Executive Officer            Tel: [phone] 
 Mike Jefferies, Chief Financial Officer 
Redleaf Communications - PR adviser           Tel: [phone] 
 Charlie Geller                                [e-mail] 
 Sam Modlin 
Investec Bank - Nominated Adviser and Broker  Tel: [phone] 
 Dominic Emery 
 Henry Reast 
Whitman Howard - Joint Broker                 Tel: [phone] 
 Ranald McGregor-Smith 
 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, O2, Telefonica, Aircel, Airtel, EE, BSNL, AT&T, MTN, France Telecom, Centrica, Universal Music, Tata, the AA, the BBC and major financial institutions.

IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg and has over 800 employees worldwide. IMImobile 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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January 25, 2017 02:00 ET (07:00 GMT)