8th Dec 2016 16:08
9 December 2016
IMImobile PLC
("IMImobile" or the "Company")
Exercise of Options
IMImobile (AIM: IMO) announces that application has been made for the admission to AIM of 15,000 new ordinary shares of 10p each in the Company ("Ordinary Shares"). The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 14 December 2016. The new Ordinary shares were issued pursuant to the exercise of options at an exercise price of 29 pence per share.
Following Admission, the Company's enlarged issued share capital will comprise 49,322,181. The Company holds zero shares in treasury. In addition, there are 11,299,599 Ordinary Shares which are issuable upon the exercise of rights set out in the Relationship Agreements as described in paragraphs 13.5 and 13.6 of Part IV of the Admission Document. Until such time as these options are exercised, the voting rights equal to the number of shares issuable under those options can be exercised through B Shares that have been issued for this purpose. The B Shares have no other rights attached to them other than the voting rights described above.
Therefore, when calculating voting rights, shareholders should use the figure of 60,621,780 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
IMImobile PLC Jay Patel, Chief Executive Officer Michael Jefferies, Group Finance Director | c/o Redleaf Communications Tel: +44 (0)20 7382 4769 |
Redleaf Communications - PR adviser Charlie Geller Susie Hudson
| Tel: +44 (0)20 7382 4769 |
Investec Bank - Nominated Adviser and Broker Dominic Emery Henry Reast
| Tel: +44 (0)207 597 4000 |
Whitman Howard - Joint Broker Ranald McGregor-Smith | Tel: +44 (0) 207 659 1234 |
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.
Related Shares:
IMO.L