TIDMIMO

RNS Number : 8269B

IMImobile PLC

09 January 2015

For Immediate Release 9 January 2015

IMImobile PLC

("IMImobile" or the "Company")

Exercise of Options

IMImobile announces that application has been made for the admission to AIM of 2,000 new ordinary shares of 10p each in the Company ("Ordinary Shares"), at a price of 29p each, pursuant to the exercise of options. The new Ordinary Shares rank pari passu with the Company's existing issued Ordinary Shares, and dealings are expected to commence on 15 January 2015.

Following Admission, the Company's enlarged issued share capital will comprise 48,038,864. The Company holds zero shares in treasury. 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 59,338,463 as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
     IMImobile Limited                         c/o Buchanan +44 (0)20 
      Jay Patel, Chief Executive                7466 5000 
      Officer 
      Michael Jefferies, Group Finance 
      Director 
     Buchanan - Financial PR adviser           Tel: +44 (0)20 7466 
      Mark Edwards/ Gabriella Clinkard/         5000 
      Stephanie Watson                          imimobile@buchanan.uk.com 
     SPARK Advisory Partners - Nominated       Tel: +44 (0)203 368 
      adviser                                   3552 
      Matt Davis / Sean Wyndham-Quin 
 
   Whitman Howard - Joint Broker                                         Tel: +44 (0)207 087 4556

Ranald McGregor-Smith

WH Ireland - Joint Broker Tel: +44 (0)207 220 1666

Adrian Hadden

This information is provided by RNS

The company news service from the London Stock Exchange

END

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