IMIMOBILE IMImobile (AIM: IMO) announces that on 24 January 2017, 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 180 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 annually in June each year according to the schedule set out below.
Vesting Schedule | |||||
Name | Number of Shares under Award | 30 June 2017 | 30 June 2018 | 30 June 2019 | 30 June 2020 |
Mr Jayesh (Jay) Patel | 900,000 | 150,000 | 150,000 | 300,000 | 300,000 |
Mr Michael (Mike) Jefferies | 350,000 | 50,000 | 50,000 | 125,000 | 125,000 |
Mr Shyamprasad (Shyam) Bhat | 350,000 | 50,000 | 50,000 | 125,000 | 125,000 |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name |
|
2 | Reason for the notification | |
a) | Position/status |
|
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) | |||||
Price(s) | Volume(s) | |||||
Nil paid exercise price of 180p | 1. 900,000 2. 350,000 3. 350,000 | |||||
d) | Aggregated information | Price(s) | Aggregated volume (s) | |||
N/A - single transaction | ||||||
e) | Date of the transaction | 24 January 2017 | ||||
f) | Place of the transaction | Off market | ||||
IMImobile PLC Jay Patel, Chief Executive Officer Mike Jefferies, Chief Financial Officer | c/o Redleaf Communications Tel: +44 (0)20 7382 4769 |
Redleaf Communications - PR adviser Charlie Geller Susie Hudson | Tel: +44 (0)20 7382 4769 imimobile@redleafpr.com |
Investec Bank - Nominated Adviser and Broker Dominic Emery Henry Reast | Tel: +44 (0)207 597 4000 |
Whitman Howard - Joint Broker Ranald McGregor-Smith Francis North | Tel: +44 (0) 207 659 1234 |
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.
IMImobile plc published this content on 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 07:06:01 UTC.
Original documenthttps://imimobile.com/wp-content/uploads/2017/01/IMImobile-Grant-of-Options-25-01-2017.pdf
Public permalinkhttp://www.publicnow.com/view/31FEF67E1A70BDA1E17C63A823CA67511B3E1226
