4th Nov 2014 14:38
For Immediate Release | 4 November 2014 |
IMImobile PLC
("IMI" or the "Company")
Issue of equity
IMI announces that pursuant to the acquisition of TXTLocal Limited it has made application for admission to trading on AIM ("Admission") of 707,564 new ordinary shares of 10p each ("Ordinary Shares"). It is expected that admission will occur on 10 November 2014.
Following Admission, the Company's issued share capital will comprise 47,991,864 Ordinary Shares.
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 59,291,463 as the denominator.
Enquiries:
IMImobile PLC Jay Patel, Chief Executive Officer Michael Jefferies, Group Finance Director
| c/o Buchanan Tel: +44 (0)20 7466 5000 |
Buchanan - Financial PR adviser Mark Edwards / Sophie McNulty / Gabriella Clinkard
| Tel: +44 (0)20 7466 5000 imimobile@buchanan.uk.com |
SPARK Advisory Partners - Nominated adviser Matt Davis / Sean Wyndham-Quin | Tel: +44 (0)203 368 3552 |
Related Shares:
IMO.L