XLMedia PLC Exercise of Options (9571A)
01 Outubro 2015 - 10:24AM
UK Regulatory
TIDMXLM
RNS Number : 9571A
XLMedia PLC
01 October 2015
XLMedia plc
("XLMedia", the "Company" or the "Group")
Director Share Dealing and 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 262,916 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 262,916 options exercised, 166,666 were exercised at a
price of 49p each and 96,250 were exercised at a price of 15.4c
each, resulting in the receipt by the Company of an aggregate
amount of $139,200.
Following the exercise of the Options, Mr Weihs holds 9,909,841
shares representing 4.95% of the Company's existing issued share
capital, of which 1,462,502 ordinary shares (approximately 0.73% of
the Company's issued voting share capital) are held directly and
8,447,339 ordinary shares (approximately 4.22% of the Company's
issued voting 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 1,077,498 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, 86,502,829 ordinary shares in the
Company (of which 85,040,327 are held by Webpals Enterprises
Limited and 1,462,502 are held by Ory Weihs), representing
approximately 43.18% of the Company's issued voting share
capital.
In addition, 382,500 employee share options have been
exercised.
The exercise of all of the share options, described above, is
being satisfied by the transfer of shares from the Tamir Fishman
Trusts 2004 Ltd ("Tamir Fishman"), the appointed trustee for the
purposes of the Company's Global Share Incentive Plan.
As a result of this exercise and resultant transfer of shares,
the total number of Ordinary Shares in the Company with voting
rights remains at 200,352,402 and this is the figure which may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company, under
the Disclosure and Transparency Rules of the Company's articles of
association.
Tamir Fishman now holds 7,034,998 ordinary shares in the Company
representing 3.67% of the Company's issued voting share
capital.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 01, 2015 09:24 ET (13:24 GMT)
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