TIDMIME
RNS Number : 7422C
Immedia Group PLC
02 October 2018
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
2 October 2018
For immediate release
Immedia Group plc
("Immedia" or "the Company")
GRANT OF SHARE OPTIONS AND WARRANTS
The Board of Immedia Group plc (AIM: IME), which provides
bespoke digital networks, music strategies and brand conversation,
is pleased to announce the grant of 350,000 Share Options under the
Immedia Group Plc Share Option Scheme Rules as well as the issue of
300,000 warrants.
Share Options
The Company has granted the following Share Options:
Name and Position: Share Options Share Options Total number % of current
(A) (B) of Share issued share
Options capital:
Bruno Brookes
(Chief Executive
Officer) 60,000 60,000 120,000 0.82%
Ross Penney
(Business Affairs
Director) 45,000 45,000 90,000 0.62%
All other qualifying
staff 70,000 70,000 140,000 0.96%
Total 175,000 175,000 350,000 2.40%
All of the Share Options have an expiry date of 31 December
2019. The exercise price for all the Share Options is 27.50 pence
per share, being the closing price as at 1 October 2018. Vesting of
the "A" Share Options is dependent on an audited profits before tax
target for FY 2018. "B" Share Options vest after the average
closing market price, over 3 days, has exceeded 35 pence. Share
Options allocated to the Directors can only be exercised once all
previously issued and outstanding options allocated to the
respective Directors have been exercised. The exercise of the Share
Options held by other qualifying staff members are subject to
individually tailored financial performance-related conditions.
The Immedia Group Employee Benefit Trust has a holding of
832,374 shares in the Company and there are 1,068,000 previously
issued options outstanding. Accordingly, 585,626 Share Options
remain to be satisfied by the issue of new shares and / or
purchased in the market as required.
Warrants
The Company has issued the following warrants:
Name and Position: Warrants Resultant beneficial % of current
interest issued share
capital:
Tim Hipperson*
(Chairman) 300,000 300,000 2.06%
*The warrants are held by Morph Management Ltd,
a company in which Tim Hipperson has a beneficial
interest.
The warrants are exercisable, in three tranches of 100,000
warrants each, at a prices of 30 pence, 40 pence and 50 pence. The
warrants are exercisable for a period of 5 years from the date of
issue.
These warrants have been issued in accordance with the terms of
the Chairman's appointment.
Details of all warrants and options currently in issue and the
performance criteria on which vesting depends will be disclosed in
the Company's 2018 financial statements.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Trevor Neil "Bruno" Brookes
------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status
Director
------------------------------------- ----------------------------------------------
b) Initial notification
/Amendment Initial Notification
------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name
IMMEDIA GROUP PLC
------------------------------------- ----------------------------------------------
b) LEI
13800XSRH9SNN1EXX92
------------------------------------- ----------------------------------------------
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 Options under the Company's Share Option
financial instrument, Scheme
type of instrument
Identification code ISIN: GB0033881904
b) Nature of the transaction Grant of Options
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
27.50p 120,000
--------------------- --------------------
d) Aggregated information
- Aggregated volume 120,000
- Price GBP33,000
e) Date of the transaction 2 October 2018
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Samuel Ross Penney
------------------------------------- ----------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status
Director
------------------------------------- ----------------------------------------------
b) Initial notification
/Amendment Initial Notification
------------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name
IMMEDIA GROUP PLC
------------------------------------- ----------------------------------------------
b) LEI
213800XSRH9SNN1EXX92
------------------------------------- ----------------------------------------------
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 Options under the Company's Share Option
financial instrument, Scheme
type of instrument
Identification code ISIN: GB0033881904
b) Nature of the transaction Grant of Options
------------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
--------------------- --------------------
Price(s) Volume(s)
--------------------- --------------------
27.50p 90,000
--------------------- --------------------
d) Aggregated information
- Aggregated volume 90,000
- Price GBP24,750
e) Date of the transaction 2 October 2018
------------------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name
Morph Management Ltd
A Company in which Tim Hipperson, Chairman,
has a beneficial interest
------------------------------------- ---------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status
Director
------------------------------------- ---------------------------------------------------
b) Initial notification
/Amendment Initial Notification
------------------------------------- ---------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------------
a) Name
IMMEDIA GROUP PLC
------------------------------------- ---------------------------------------------------
b) LEI
213800XSRH9SNN1EXX92
------------------------------------- ---------------------------------------------------
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 Warrants over Ordinary Shares 10 p each
financial instrument,
type of instrument
Identification code ISIN: GB0033881904
b) Nature of the transaction Issue of Warrants
------------------------------------- ---------------------------------------------------
c) Price(s) and volume(s)
----------------------- -----------------------
Price(s) Volume(s)
----------------------- -----------------------
30.0p 100,000
----------------------- -----------------------
40.0p 100,000
----------------------- -----------------------
50.0p 100,000
----------------------- -----------------------
d) Aggregated information
- Aggregated volume 300,000
- Price GBP120,000
e) Date of the transaction 2 October 2018
------------------------------------- ---------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- ---------------------------------------------------
For further information please contact:
Immedia Group plc
Bruno Brookes, CEO Tel: +44 (0) 1635 556200
www.immediaplc.com
SPARK Advisory Partners Limited (Nomad)
Mark Brady Tel: +44 (0) 203 368 3550
Neil Baldwin
SI Capital Limited (Stockbroker)
Nick Emerson Tel: +44 (0) 1483 413500
TooleyStreet Communications (IR &
Media Relations)
Fiona Tooley Tel: +44 (0) 7785 703 523
About Immedia Group plc
Immedia Group plc is a multi-media content and digital solutions
provider to global businesses and organisations, who are investing
in internal and/or brand communications.
Our business provides a wide range of 'live' branded channels
specifically to retail locations across the UK and Europe with an
estimated listening audience of 8.5 million listeners per week.
Immedia's interactive audio channels deliver original and relevant
content, via its own DreamStream X platform with encrypted
Dreamstream technology deployed in each location. Dreamstream X
provides a mix of 'on brand' national and localised content to a
client's workforce and customer base. Each channel is supported
with powerful data analytics tools which monitor audience activity
and provide data to enable us to further enhance audience
engagement.
Immedia Group also creates original video content, 3D animation,
app and web development, as well as supplying and installing Audio
Visual equipment.
Immedia clients include: HSBC, Shell, Subway, BP, Superdrug, JD
Sports, O2, BMW, IKEA and FIFA.
To read more about our business, visit www.immediaplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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