XLMedia PLC Exercise of Options (4756S)

TIDMXLM

RNS Number : 4756S

XLMedia PLC

21 December 2016

 
For immediate release  21 December 2016 
 

XLMedia PLC

("XLMedia" or "the Company")

Exercise of Options

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, has been informed that Ory Weihs, Chief Executive Officer, today exercised options over 83,333 ordinary shares in the Company (the "Options"), being all the vested options he currently holds in XLMedia.

The decision to exercise options reflects Mr. Weihs' confidence and commitment to XLMedia and he will not be selling shares as part of the transaction.

The 83,333 options were exercised at a price of 49p each resulting in the receipt by the Company of an aggregate amount of 40,834 GBP.

Following the exercise of the Options, Mr. Weihs holds 10,807,756 shares representing 5.39% of the Company's existing issued share capital, of which 2,360,417 ordinary shares (approximately 1.18% of the Company's issued share capital) are held directly and 8,447,339 ordinary shares (approximately 4.22% of the Company's issued share capital) are held through an indirect economic interest in (but with no voting rights attaching to) such ordinary shares which are held by Webpals Enterprises Limited. Mr. Weihs continues to hold options over 179,583 ordinary shares in the Company.

The exercise of the Options is in accordance with confirmation received by the Company from the Panel on Takeovers and Mergers prior to admission of the Company's ordinary shares to trading on AIM whereby since such Options were in existence prior to Admission, their exercise does not result in the Concert Party (such term as defined in the Company's Admission Document) incurring an obligation to make an offer under Rule 9 of the City Code. Following the exercise of the Options, the Concert Party is interested in, in aggregate, 87,400,744 ordinary shares in the Company (of which 85,040,327 are held by Webpals Enterprises Limited and 2,360,417 are held by Ory Weihs), representing approximately 43.62% of the Company's issued voting share capital.

The exercise of the Options is being satisfied by the transfer of shares from the Tamir Fishman Trusts 2004 Ltd ("Tamir Fishman"), the appointed trustee for the Company's Global Share Incentive Plan. Following the transfer of shares Tamir Fishman holds 2,707,479 ordinary shares in the Company representing 1.35% of the Company's issued share capital.

Following the exercise of the Options the total number of Ordinary Shares in the Company remains at 200,352,402 and this is the figure which 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 Company, under the Disclosure and Transparency Rules set out in the Company's articles of association.

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                       Mr. Ory Weihs 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            CEO and Director / PDMR 
---  -------------------------  ------------------------------ 
 b)   Initial notification       Initial 
       /Amendment 
---  -------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                       XLMedia Plc. 
---  -------------------------  ------------------------------ 
 b)   LEI                        NA 
---  -------------------------  ------------------------------ 
 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 US0.000001 
       the financial 
       instrument, type 
       of instrument              JE00BH6XDL31 
 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Exercise of Options pursuant 
       transaction                to The Group Incentive Plan 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    GBP0.49     83,333 
                                   ----------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume         NA 
 
 
       - Price 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    December 21(st) , 2016 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ------------------------------ 
 

For further information, please contact:

 
 XLMedia plc Ory Weihs www.xlmedia.com   Tel: [phone] 
 Vigo Communications Jeremy Garcia       Tel: [phone] 
  / Fiona Henson www.vigocomms.com 
 Cenkos Securities plc (Nomad            Tel: [phone] 
  and Joint Broker) Ivonne Cantu 
  / Camilla Hume www.cenkos.com 
 Berenberg (Joint Broker)                Tel: [phone] 
  Chris Bowman / Mark Whitmore 
  / Amritha Murali 
  www.berenberg.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHTBBLTMBATMLF

(END) Dow Jones Newswires

December 21, 2016 05:10 ET (10:10 GMT)