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IME Immediate Acquisition Plc

17.75
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Immediate Acquisition Plc LSE:IME London Ordinary Share GB0033881904 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.75 17.50 18.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Immedia Group PLC GRANT OF SHARE OPTIONS AND WARRANTS (7422C)

02/10/2018 3:34pm

UK Regulatory


Immediate Acquisition (LSE:IME)
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TIDMIME

RNS Number : 7422C

Immedia Group PLC

02 October 2018

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

2 October 2018

For immediate release

Immedia Group plc

("Immedia" or "the Company")

GRANT OF SHARE OPTIONS AND WARRANTS

The Board of Immedia Group plc (AIM: IME), which provides bespoke digital networks, music strategies and brand conversation, is pleased to announce the grant of 350,000 Share Options under the Immedia Group Plc Share Option Scheme Rules as well as the issue of 300,000 warrants.

Share Options

The Company has granted the following Share Options:

 
 Name and Position:      Share Options   Share Options   Total number    % of current 
                                   (A)             (B)       of Share    issued share 
                                                              Options        capital: 
 Bruno Brookes 
  (Chief Executive 
  Officer)                      60,000          60,000        120,000           0.82% 
 Ross Penney 
  (Business Affairs 
  Director)                     45,000          45,000         90,000           0.62% 
 All other qualifying 
  staff                         70,000          70,000        140,000           0.96% 
 Total                         175,000         175,000        350,000           2.40% 
 

All of the Share Options have an expiry date of 31 December 2019. The exercise price for all the Share Options is 27.50 pence per share, being the closing price as at 1 October 2018. Vesting of the "A" Share Options is dependent on an audited profits before tax target for FY 2018. "B" Share Options vest after the average closing market price, over 3 days, has exceeded 35 pence. Share Options allocated to the Directors can only be exercised once all previously issued and outstanding options allocated to the respective Directors have been exercised. The exercise of the Share Options held by other qualifying staff members are subject to individually tailored financial performance-related conditions.

The Immedia Group Employee Benefit Trust has a holding of 832,374 shares in the Company and there are 1,068,000 previously issued options outstanding. Accordingly, 585,626 Share Options remain to be satisfied by the issue of new shares and / or purchased in the market as required.

Warrants

The Company has issued the following warrants:

 
 Name and Position:    Warrants   Resultant beneficial    % of current 
                                              interest    issued share 
                                                              capital: 
 Tim Hipperson* 
  (Chairman)            300,000                300,000           2.06% 
 *The warrants are held by Morph Management Ltd, 
  a company in which Tim Hipperson has a beneficial 
  interest. 
 

The warrants are exercisable, in three tranches of 100,000 warrants each, at a prices of 30 pence, 40 pence and 50 pence. The warrants are exercisable for a period of 5 years from the date of issue.

These warrants have been issued in accordance with the terms of the Chairman's appointment.

Details of all warrants and options currently in issue and the performance criteria on which vesting depends will be disclosed in the Company's 2018 financial statements.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                Trevor Neil "Bruno" Brookes 
      -------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status 
                                                Director 
      -------------------------------------  ---------------------------------------------- 
 b)    Initial notification 
        /Amendment                              Initial Notification 
      -------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name 
                                                IMMEDIA GROUP PLC 
      -------------------------------------  ---------------------------------------------- 
 b)    LEI 
                                                13800XSRH9SNN1EXX92 
      -------------------------------------  ---------------------------------------------- 
 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 the                     Options under the Company's Share Option 
        financial instrument,                  Scheme 
        type of instrument 
 
       Identification code                    ISIN: GB0033881904 
 
 b)    Nature of the transaction              Grant of Options 
      -------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  -------------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  -------------------- 
                                               27.50p                 120,000 
                                              ---------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    120,000 
 
  - Price                                GBP33,000 
 
 e)    Date of the transaction                2 October 2018 
      -------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, AIM 
      -------------------------------------  ---------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                Samuel Ross Penney 
      -------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status 
                                                Director 
      -------------------------------------  ---------------------------------------------- 
 b)    Initial notification 
        /Amendment                              Initial Notification 
      -------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name 
                                                IMMEDIA GROUP PLC 
      -------------------------------------  ---------------------------------------------- 
 b)    LEI 
                                                213800XSRH9SNN1EXX92 
      -------------------------------------  ---------------------------------------------- 
 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 the                     Options under the Company's Share Option 
        financial instrument,                  Scheme 
        type of instrument 
 
       Identification code                    ISIN: GB0033881904 
 
 b)    Nature of the transaction              Grant of Options 
      -------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  -------------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  -------------------- 
                                               27.50p                 90,000 
                                              ---------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    90,000 
 
  - Price                                GBP24,750 
 
 e)    Date of the transaction                2 October 2018 
      -------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, AIM 
      -------------------------------------  ---------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name 
                                                Morph Management Ltd 
                                                A Company in which Tim Hipperson, Chairman, 
                                                has a beneficial interest 
      -------------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status 
                                                Director 
      -------------------------------------  --------------------------------------------------- 
 b)    Initial notification 
        /Amendment                              Initial Notification 
      -------------------------------------  --------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------ 
 a)    Name 
                                                IMMEDIA GROUP PLC 
      -------------------------------------  --------------------------------------------------- 
 b)    LEI 
                                                213800XSRH9SNN1EXX92 
      -------------------------------------  --------------------------------------------------- 
 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 the                     Warrants over Ordinary Shares 10 p each 
        financial instrument, 
        type of instrument 
 
       Identification code                    ISIN: GB0033881904 
 
 b)    Nature of the transaction              Issue of Warrants 
      -------------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              -----------------------  ----------------------- 
                                               Price(s)                 Volume(s) 
                                              -----------------------  ----------------------- 
                                               30.0p                    100,000 
                                              -----------------------  ----------------------- 
                                               40.0p                    100,000 
                                              -----------------------  ----------------------- 
                                               50.0p                    100,000 
                                              -----------------------  ----------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    300,000 
 
  - Price                                GBP120,000 
 
 e)    Date of the transaction                2 October 2018 
      -------------------------------------  --------------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, AIM 
      -------------------------------------  --------------------------------------------------- 
 

For further information please contact:

 
 Immedia Group plc 
 Bruno Brookes, CEO                            Tel: +44 (0) 1635 556200 
  www.immediaplc.com 
 
 SPARK Advisory Partners Limited (Nomad) 
 Mark Brady                                   Tel: +44 (0) 203 368 3550 
  Neil Baldwin 
 SI Capital Limited (Stockbroker) 
 Nick Emerson                                  Tel: +44 (0) 1483 413500 
 TooleyStreet Communications (IR & 
  Media Relations) 
 Fiona Tooley                                 Tel: +44 (0) 7785 703 523 
 

About Immedia Group plc

Immedia Group plc is a multi-media content and digital solutions provider to global businesses and organisations, who are investing in internal and/or brand communications.

Our business provides a wide range of 'live' branded channels specifically to retail locations across the UK and Europe with an estimated listening audience of 8.5 million listeners per week. Immedia's interactive audio channels deliver original and relevant content, via its own DreamStream X platform with encrypted Dreamstream technology deployed in each location. Dreamstream X provides a mix of 'on brand' national and localised content to a client's workforce and customer base. Each channel is supported with powerful data analytics tools which monitor audience activity and provide data to enable us to further enhance audience engagement.

Immedia Group also creates original video content, 3D animation, app and web development, as well as supplying and installing Audio Visual equipment.

Immedia clients include: HSBC, Shell, Subway, BP, Superdrug, JD Sports, O2, BMW, IKEA and FIFA.

To read more about our business, visit www.immediaplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHFKBDBQBDDCKK

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October 02, 2018 10:34 ET (14:34 GMT)

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