7th Aug 2020 15:07
7 August 2020
IMImobile PLC
("IMImobile" or the "Company")
Grant of Options
IMImobile (AIM: IMO) announces that on 7 August 2020, the Company granted options ("Options") over ordinary shares of 10 pence each in the capital of the Company (the "Shares") to three Directors under the IMImobile 2014 Unapproved Option Plan (the "LTIP"), at a price of 300 pence per Share. Details of the Awards are set out below.
No payment was required for the grant of the Awards.
In accordance with the rules of the LTIP, Shares awarded will vest according to the schedule set out below, subject to continuing employment and the average share price of the Company being greater than 400 pence per Share for 60 days during 2023 or 2024.
| |||
Name | Number of Shares under Award | 30 August 2023 | 30 August 2024 |
Mr Jayesh (Jay) Patel | 800,000 | 400,000 | 400,000 |
Mr Michael (Mike) Jefferies | 350,000 | 175,000 | 175,000 |
Mr Shyamprasad (Shyam) Bhat | 350,000 | 175,000 | 175,000 |
The Options will vest on a change of control of the Company.
This announcement, including the notification(s) below, is made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| 1. Mr Jayesh (Jay) Patel 2. Mr Michael (Mike) Jefferies 3. Mr Shyamprasad (Shyam) Bhat | ||||
2 | Reason for the notification | |||||
a)
| Position/status | 1. Group CEO 2. Group CFO 3. Group CTO | ||||
b) | Initial notification / Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| IMImobile | ||||
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 the financial instrument, type of instrument
Identification code: | Ordinary shares of 10 pence each
ISIN: GB00BLBP4Y22 | ||||
b)
| Nature of the transaction
| Granting of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
|
| ||||
e)
| Date of the transaction | 7 August 2020 | ||||
f) | Place of the transaction | Off market | ||||
For further information please contact:
IMImobile PLC | c/o Alma PR |
Jay Patel, Group Chief Executive Officer | Tel: +44 (0)20 3405 0205 |
Mike Jefferies, Group Chief Financial Officer | |
Alma PR | Tel: +44 (0)20 3405 0205 |
Rebecca Sanders-Hewett | |
Susie Hudson Harriet Jackson | |
Investec Bank - Nominated Adviser and Joint Broker | Tel: +44 (0)20 7597 5970 |
Henry Reast | |
Virginia Bull | |
Tejas Padalkar
| |
N+1 Singer - Joint Broker | Tel: +44 (0)20 7496 3000 |
Tom Salvesen | |
Justin McKeegan Iqra Amin |
About IMImobile PLC
IMImobile is a communications software provider whose solutions enable enterprises to automate digital customer communications and interactions to improve customer experience and reduce operating costs.
IMImobile's enterprise cloud communications software platform orchestrates customer interactions, connecting existing business systems with digital communications channels. Organisations that trust us to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Walgreens, Tracfone, Ooredoo, Best Buy, Express, three of the major retail banks in the UK and public-sector organisations globally.
IMImobile is headquartered in London with offices across the UK, Hyderabad, Toronto, Boca Raton, Dubai and Johannesburg and has over 1,100 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.
Related Shares:
IMO.L