Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Share Dealings

3rd Jun 2015 09:41

RNS Number : 0646P
IMImobile PLC
03 June 2015
 

3 June 2015

 

IMImobile PLC

("IMI" or "the Company")

Share Dealings

IMImobile PLC, a provider of software and services for mobile engagement announces that in order to satisfy investor demand the lock-in provisions entered into by First Mark India Mauritius IV Ltd ("First Mark") and Sequoia Capital India Investment Holdings III ("Sequoia") which were to expire on 27 June 2015 (being one year since the Company's initial public offering) have been lifted to allow the share dealings outlined in this announcement.

On 2 June 2015 First Mark sold 2,309,387 ordinary shares representing 4.81% of the Company's issued share capital at 120 pence per share. On 2 June 2015 Sequoia sold 4,661,568 ordinary shares representing 9.7% of the Company's issued share capital at 120 pence per share.

Following completion of these share dealings First Mark will have an interest in 2,309,386 shares representing 4.81% of the issued share capital of the Company, Sequoia will no longer have any interest in the Company's shares.

 

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 / Gabriella Clinkard / Stephanie Watson

Tel: +44 (0)20 7466 5000

[email protected]

SPARK Advisory Partners - Nominated adviser

Matt Davis / Sean Wyndham-Quin

Tel: +44 (0)203 368 3552

Whitman Howard - Joint Broker

Ranald McGregor-Smith

Tel: +44 (0) 207 659 1250

WH Ireland - Joint Broker

Adrian Hadden

Tel: +44 (0)207 220 1666

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDMGGVRFGGKZG

Related Shares:

IMO.L
FTSE 100 Latest
Value8,275.66
Change0.00