XLM Xlmedia Plc

TIDMXLM

RNS Number : 0597P

XLMedia PLC

03 June 2015

 
 For immediate release   3 June 2015 
 

XLMedia PLC

("XLMedia" or "the Group" or "the Company")

Exercise of Options

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, has been informed that Ory Weihs, Chief Executive Officer, today exercised options over 1,199,586 ordinary shares in the Company (the "Options"), being all the vested options he currently holds in XLMedia.

The decision to exercise options reflects Mr Weihs' confidence and commitment to XLMedia and he will not be selling shares as part of the transaction.

Of the 1,199,586 options exercised, 333,336 were exercised at a price of 49p each and 866,250 were exercised at a price of 15.4c each, resulting in the receipt by the Company of an aggregate amount of $382,056.

Following the exercise of the Options, Mr Weihs holds 4.81% of the Company's existing issued share capital, of which 1,199,586 ordinary shares (approximately 0.60% of the Company's issued share capital) are held directly and 8,362,299 ordinary shares (approximately 4.21% of the Company's issued share capital) are held through an indirect economic interest in (but with no control of the voting rights attaching to) such ordinary shares which are held by Webpals Enterprises Limited. Mr Weihs continues to hold options over 1,340,414 ordinary shares in the Company.

The exercise of the Options is in accordance with confirmation received by the Company from the UK Takeover Panel prior to admission of the Company's ordinary shares to trading on AIM whereby since such Options were in existence prior to Admission, the exercise of them does not result in the Concert Party (such term as defined in the Company's Admission Document) incurring an obligation to make an offer under Rule 9 of the City Code. Following the exercise of the Options, the Concert Party is interested in, in aggregate, 86,239,913 ordinary shares in the Company (of which 85,040,327 are held by Webpals Enterprises Limited and 1,199,586 are held by Ory Weihs), representing approximately 43.04% of the Company's issued share capital.

For further information:

 
 XLMedia plc Ory Weihs www.xlmedia.com      Tel: 020 8817 5283 
 Vigo Communications Jeremy                 Tel: 020 7016 9570 
  Garcia / Fiona Henson www.vigocomms.com 
 Cenkos Securities plc (Nomad               Tel: 020 7397 8900 
  and Joint Broker) Ivonne Cantu 
  / Callum Davidson www.cenkos.com 
 Liberum (Joint Broker) Neil                Tel: 020 3100 2000 
  Patel www.liberum.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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