We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Immotion Group Plc | LSE:IMMO | London | Ordinary Share | GB00BD5JRP64 | ORD GBP0.00040108663 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.475 | 3.40 | 3.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIMMO
RNS Number : 1342N
Immotion Group PLC
28 January 2021
Immotion Group plc
("Immotion", the "Company" or the "Group")
Director/PDMR Dealings and Grant of Options
Immotion Group (AIM:IMMO) announces the following Director/PDMR dealings in the shares of the Company resulting from the distribution of shares in the Company held by M Capital Ventures Limited (in members' voluntary liquidation) acting by its Liquidator to its shareholders and the grant of share options by the Group as previously announced on 19 November 2020.
Samuel Higginson, the Group's Marketing Director and person closely associated with Martin Higginson (the Group's CEO) received 738,590 Ordinary Shares in respect of shares distributed by M Capital Ventures Limited (in members' voluntary liquidation) acting by its Liquidator. Following this distribution, Samuel Higginson's total holding is 17,694,330, representing 4.32% of the Group's issued share capital. Following this distribution, the Higginson family holding is 41,721,275, representing 10.19% of the Group's issued share capital.
David Marks, the Finance Director of the Group, received 25,083 Ordinary Shares in respect of shares distributed by M Capital Ventures Limited (in members' voluntary liquidation) acting by its Liquidator. Following this distribution, David Marks' total holding is 10,292,663 representing 2.51% of the Group's issued share capital.
Sir Robin Miller, a Non-Executive Chairman of the Group, received 34,976 Ordinary Shares in respect of shares distributed by M Capital Ventures Limited (in members' voluntary liquidation) acting by its Liquidator. Following this distribution, Sir Robin Miller's total holding is 385,000 representing 0.09% of the Group's issued share capital.
Additionally, as previously announced on 19 November 2020, in which the Company stated its intention to cancel the original options scheme and grant new options, the Company confirms that this has now been fully documented with deeds of surrender and grant entered into by Directors, PDMRs and its senior management team. The Company confirms options over a total of 55,981,867 new ordinary shares ("New Options") have been granted in the amounts set out in the announcement of 19 November 2020, as further disclosed below:
Name Position Held No. of options Total options over Ordinary held post-grant Shares granted Martin Higginson Chief Executive Officer 16,130,369 16,130,369 --------------------------- ---------------- ----------------- David Marks Group Finance Director 10,437,297 10,437,297 --------------------------- ---------------- ----------------- Rodney Findley Group Commercial Director 10,437,297 10,437,297 --------------------------- ---------------- ----------------- Chairman, Immotion Ian Hetherington Studios 7,590,762 7,590,762 --------------------------- ---------------- ----------------- Daniel Wortley Group Head of Finance 3,795,380 3,795,380 --------------------------- ---------------- ----------------- Arek Antoniak Director of Operations 2,846,536 2,846,536 --------------------------- ---------------- ----------------- Other senior management 4,744,226 4,744,226 ---------------- ----------------- 55,981,867 55,981,867 -----------------
The New Options have been granted pursuant to the Company's Share Option Scheme and have an exercise price of 2.5 pence per Ordinary Share.
One-third of Rod Findley's New Options (equating to 3,479,099 New Options) will vest and be capable of exercise 12 months* from the issue date in recognition of his achievement in growing the Partner business.
The remainder of the New Options will vest and be capable of exercise as follows, based on the attainment of share price hurdles as follows (in each case for not less than 20 consecutive days):
Tranche Proportion Vesting Criteria of New Options in Tranche 1 33.33% The later of: (i) 12 months from the issue date*; and (ii) The 20 (th) consecutive day whereby the volume-weighted average price ("VWAP") of the Company's shares is 5 pence or greater ---------------- ------------------------------------------ 2 33.33% The later of: (i) 12 months from the issue date*; and (ii) The 20 (th) consecutive day whereby the VWAP of the Company's shares is 7.5 pence or greater ---------------- ------------------------------------------ 3 33.33% The later of: (i) 12 months from the issue date*; and (ii) The 20 (th) consecutive day whereby the VWAP of the Company's shares is 10 pence or greater ---------------- ------------------------------------------
*None of the New Options are exercisable within the first 12 months from the date of issue except in the case of a change of control of the Company.
The Company has a total of 56,929,200 options in issue over Ordinary Shares, representing approximately 13.9 per cent. of the Company's current issued share capital.
As previously explained in the announcement of 19 November 2020 referred to above, in the event that the exercise of options would result in any individual or concert party holding more than 30 per cent of the Company, shareholders will be asked to approve a whitewash, as defined under rule 9 of The Takeover Code. In the absence of this, or unless it was agreed that any such exercised shares would be sold immediately, the Company will not allow the issue of shares relating to the exercise of options that would result in the concert party exceeding 30 per cent.
Further details and the information required in accordance with the requirements of the Market Abuse (Amendment) (EU exit) Regulations 2019/310 are set out at the end of this announcement.
Enquiries:
For further information please visit www.immotion.co.uk , or contact: Immotion Group Martin Higginson Tel + 44 (0) 207 220 David Marks 1666 WH Ireland Limited Adrian Hadden Tel + 44 (0) 207 220 (Nomad and Joint Broker) Darshan Patel 1666 Matthew Chan Alvarium Capital Partners Alex Davies Tel: +44 (0) 207 195 (Joint Broker) 1458
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 PDMRs: Martin Higginson Chief Executive Officer David Marks Group Finance Director Rod Findley Group Commercial Director Daniel Wortley Group Head of Finance Ian Hetherington Chairman, Immotion Studios Arek Antoniak Director of Operations --------------------------- -------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------- a) Position/status See 1a) above --------------------------- -------------------------------------------------- b) Initial notification Initial notification /Amendment --------------------------- -------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------- a) Name Immotion Group Plc --------------------------- -------------------------------------------------- b) LEI 894500TW3TTWSJ7DYP93 --------------------------- -------------------------------------------------- 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 Options over ordinary shares of GBP0.00040108663 the financial instrument, each in Immotion Group Plc type of instrument Identification code (ISIN) for Immotion Identification Group Plc ordinary shares: GB00BD5JRP64 code --------------------------- --------------------------------------------------
b) Nature of the transaction Grant of options --------------------------- -------------------------------------------------- c) Price(s) and volume(s) Name Price(s) Volume(s) Martin Higginson 2.5p 16,130,369 David Marks 2.5p 10,437,297 Rod Findley 2.5p 10,437,297 Ian Hetherington 2.5p 7,590,762 Daniel Wortley 2.5p 3,795,380 Arek Antoniak 2.5p 2,846,536 --------------------------- -------------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price --------------------------- -------------------------------------------------- e) Date of the transactions New Options put in place as of 19 November 2020 --------------------------- -------------------------------------------------- f) Place of the transaction Outside a trading venue --------------------------- --------------------------------------------------
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 PDMRs: Samuel Higginson Group Marketing Director David Marks Group Finance Director Sir Robin Miller Non-Executive Chairman --------------------------- --------------------------------------------------- 2 Reason for the notification -------------------------------------------------------------------------------- a) Position/status See 1a) above --------------------------- --------------------------------------------------- b) Initial notification Initial notification /Amendment --------------------------- --------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name Immotion Group Plc --------------------------- --------------------------------------------------- b) LEI 894500TW3TTWSJ7DYP93 --------------------------- --------------------------------------------------- 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 GBP0.00040108663 each the financial instrument, in Immotion Group Plc type of instrument Identification Identification code (ISIN) for Immotion code Group Plc ordinary shares: GB00BD5JRP64 --------------------------- --------------------------------------------------- b) Nature of the transaction Distribution of shares in the Company held by M Capital Ventures Limited to its shareholders --------------------------- --------------------------------------------------- c) Price(s) and volume(s) Name Price(s) Volume(s) Samuel Higginson N/A 738,590 David Marks N/A 25,083 Sir Robin Miller N/A 34,976 --------------------------- --------------------------------------------------- d) Aggregated information N/A - Aggregated volume - Price --------------------------- --------------------------------------------------- e) Date of the transactions 7 December 2020 --------------------------- --------------------------------------------------- f) Place of the transaction Outside a trading venue --------------------------- ---------------------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHUBVURASUAUUR
(END) Dow Jones Newswires
January 28, 2021 02:00 ET (07:00 GMT)
1 Year Immotion Chart |
1 Month Immotion Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions