TIDMIMO

RNS Number : 9973X

IMImobile PLC

03 September 2020

3 September 2020

IMImobile PLC

("IMImobile" or the "Company")

Grant of SAYE Options and PDMR Dealings

IMImobile (AIM: IMO) announces the grant of options to employees as part of the Group's Save As You Earn ("SAYE") share option scheme for 2020. The scheme is open to all permanent employees with at least two years continuing employment to encourage ownership and sharing in the future growth of the Group via share option arrangements.

Eligible employees were invited to apply for options under the SAYE scheme over IMImobile's ordinary shares of 10p each ("Shares") with an exercise price of 296p. The exercise price of the Options was set at a discount of 20% to the closing middle market share price of 370p on the trading day prior to the communication of the scheme to eligible employees being 11 August 2020. The options have a contract start date of 1 October 2020 and are exercisable from 36 months thereafter.

A total of 269 employees have elected to participate in the 2020 SAYE Scheme, and pursuant to their elections, options over a total of 659,958 Shares have been granted today representing 0.80% of the Company's issued share capital .

The following Persons Discharging Managerial Responsibility (PDMRs) have chosen to participate in the 2020 SAYE Scheme:

 
 Name                           Title               Options granted 
 Mr Jayesh (Jay) Patel          Group CEO           6,081 
                               ------------------  ---------------- 
 Mr Michael (Mike) Jefferies    Group CFO           6,081 
                               ------------------  ---------------- 
 Mr Mark Fallowfield-Smith      VP Group Finance    6,081 
                               ------------------  ---------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                1. Mr Jayesh (Jay) Patel 
                                           2. Mr Michael (Mike) Jefferies 
                                           3. Mr Mark Fallowfield-Smith 
     ----------------------------------  ------------------------------------------ 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------------ 
 a)   Position/status                     1. Group CEO 
                                           2. Group CFO 
                                           3. VP Group Finance 
     ----------------------------------  ------------------------------------------ 
 b)   Initial notification/amendment      Initial notification 
     ----------------------------------  ------------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Name                                IMImobile PLC 
     ----------------------------------  ------------------------------------------ 
 b)   LEI                                 213800LIE15BDEN3VW43 
     ----------------------------------  ------------------------------------------ 
 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        Ordinary Shares of 10 pence each 
       instrument, type of 
       instrument 
     ----------------------------------  ------------------------------------------ 
      Identification code                 GB00BLBP4Y22 
     ----------------------------------  ------------------------------------------ 
 b)   Nature of the Transaction           Grant of options under the 2020 Save as 
                                           You Earn (SAYE) scheme. 
     ----------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)                     Volume(s) 
     ----------------------------------  ----------------------------  ------------ 
                                          Nil paid, exercise           1. 6,081 
                                           price of 296p 
                                                                        2. 6,081 
                                                                        3. 6,081 
     ----------------------------------  ----------------------------  ------------ 
 
 d)   Aggregated information              N/A - single transaction 
       Aggregated volume Price 
     ----------------------------------  ------------------------------------------ 
 e)   Date of the transaction             3 September 2020 
     ----------------------------------  ------------------------------------------ 
 f)   Place of the transaction            London Stock Exchange 
     ----------------------------------  ------------------------------------------ 
 

- ENDS -

For further information, please contact:

 
 IMImobile PLC                              c/o Alma PR 
 Jay Patel, Group Chief Executive Officer   Tel: +44 (0)20 3405 
                                             0205 
 Mike Jefferies, Group Chief Financial 
  Officer 
 
 Alma PR                                    Tel: +44 (0)20 3405 
                                             0205 
 Rebecca Sanders-Hewett                     IMImobile@almapr.co.uk 
 Susie Hudson 
 Harriet Jackson 
 
 Investec Bank - Nominated Adviser and      Tel: +44 (0)20 7597 
  Joint Broker                               5970 
 Henry Reast 
 Virginia Bull 
 Tejas Padalkar 
 
 N+1 Singer - Joint Broker                  Tel: +44 (0)20 7496 
                                             3000 
 Tom Salvesen 
 Justin McKeegan 
 Iqra Amin 
 

About IMImobile PLC

IMImobile is a communications software provider whose solutions enable enterprises to automate digital customer communications and interactions to improve customer experience and reduce operating costs.

IMImobile's enterprise cloud communications software platform orchestrates customer interactions, connecting existing business systems with digital communications channels. Organisations that trust us to deliver smarter digital customer engagement include Hermes, Centrica, AA, O2, EE, BT, Walgreens, Tracfone, Ooredoo, Best Buy, Express, three of the major retail banks in the UK and public-sector organisations globally.

IMImobile is headquartered in London with offices across the UK, Hyderabad, Toronto, Boca Raton, Dubai and Johannesburg and has over 1,100 employees worldwide. IMImobile is quoted on the London Stock Exchange's AIM market with the TIDM code IMO.

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END

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September 03, 2020 11:30 ET (15:30 GMT)

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