Imaginatik PLC Grant of Options (1674S)

TIDMIMTK

RNS Number : 1674S

Imaginatik PLC

29 September 2017

Imaginatik Plc

("Imaginatik" or "the Company")

Grant of Options

Imaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of consultancy and technology products, announces that it has awarded 8,425,000 new options over ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") ("Options") to directors and employees as follows:

Ralph Welborn, CEO and Shawn Taylor, CFO, have been granted 1,800,000 options and 700,000 options respectively.

In addition, eligible employees of the Company have been granted 5,925,000 options under the EMI scheme as well as the Imaginatik 2006 Stock Option Plan.

All of the options referred to above have an exercise price of 1.75 pence per share, being the closing mid-price of an Ordinary Share on the day prior to grant, 28 September 2017. In accordance with the scheme rules, 50 per cent. of the options will vest after 2 years with the remaining 50 per cent. vesting after 3 years. There are no performance criteria attached to the above options.

Following the above transactions, the directors of Imaginatik hold the following Options:

 
 Director          Existing    New Options     Total 
                    Options      granted      Options 
                                 pursuant       Held 
                                 to 2017 
                                  annual 
                                  grant 
----------------  ----------  ------------  ---------- 
 Matt Cooper, 
  Non-Executive 
  Chairman         2,906,531             -   2,906,531 
----------------  ----------  ------------  ---------- 
 Ralph Welborn, 
  CEO              3,067,000     1,800,000   4,867,000 
----------------  ----------  ------------  ---------- 
 Shawn Taylor, 
  CFO              2,252,212       700,000   2,952,212 
----------------  ----------  ------------  ---------- 
 Simon Charles, 
  Non-Executive 
  Director           278,750             -     278,750 
----------------  ----------  ------------  ---------- 
 

Imaginatik now has 26,294,861 Options in issue, representing approximately 11.73% of the current issued share capital and 10.50% of the fully diluted share capital.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

 
 Imaginatik plc                       Tel: [phone] 
                                       243 
 Matt Cooper Non-Executive Chairman 
  Ralph Welborn, CEO 
  Shawn Taylor, CFO 
 
 finnCap Ltd                          Tel: [phone] 
                                       0500 
 Jonny Franklin-Adams/Giles Rolls, 
  corporate finance 
  Camille Gochez, corporate broking 
 
 Alma PR                              Tel: [phone] 
                                       4218 
 Hilary Buchanan 
 Robyn Fisher 
 

About Imaginatik

Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as Exxon Mobil, Altria, Shell, Goodyear, the Yorkshire Building Society, Caterpillar, AECOM, Novartis and Cargill, and via its strategic partnership programme. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. Imaginatik's mission is to help these companies build sustainable innovation competencies. In 2016 Forrester Research found that "Imaginatik has the most comprehensive innovation management solution," providing excellent industry recognition of Imaginatik's full-service innovation offering, combining both technology and consultancy services.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE: IMTK.L) with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

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                             Shawn Taylor 
---  -------------------------------  --------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------ 
 a)   Position/status                  Director / PDMR 
---  -------------------------------  --------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  --------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                             Imaginatik plc 
---  -------------------------------  --------------------------- 
 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 
       the Financial                       of 1p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BP8XY588 
       code 
---  -------------------------------  --------------------------- 
 b)   Nature of the                      Grant of Options 
       transaction 
---  -------------------------------  --------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         GBPNIL      700,000 
                                        ----------  ---------- 
---  -------------------------------  --------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           See above 
 
 
        *    Price 
---  -------------------------------  --------------------------- 
 e)   Date of the transaction          28 September 2017 
---  -------------------------------  --------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  --------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 5.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Name                             Ralph Welborn 
---  -------------------------------  --------------------------- 
 6.   Reason for the Notification 
---  ------------------------------------------------------------ 
 a)   Position/status                  Director / PDMR 
---  -------------------------------  --------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  --------------------------- 
 7.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                             Imaginatik plc 
---  -------------------------------  --------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  --------------------------- 
 8.   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 
       the Financial                       of 1p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BP8XY588 
       code 
---  -------------------------------  --------------------------- 
 b)   Nature of the                      Grant of Options 
       transaction 
---  -------------------------------  --------------------------- 
 c)   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                        ----------  ---------- 
                                         GBPNIL      1,800,000 
                                        ----------  ---------- 
---  -------------------------------  --------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           See above 
 
 
        *    Price 
---  -------------------------------  --------------------------- 
 e)   Date of the transaction          28 September 2017 
---  -------------------------------  --------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLPMRTMBJTBIR

(END) Dow Jones Newswires

September 29, 2017 02:02 ET (06:02 GMT)