XLMedia PLC Director Share Dealing and Exercise of Options (6498Y)
18 Maio 2016 - 12:26PM
UK Regulatory
TIDMXLM
RNS Number : 6498Y
XLMedia PLC
18 May 2016
For immediate release 18 May 2016
XLMedia PLC
("XLMedia" or "the Group" or "the Company")
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 455,416 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 455,416 options exercised, 166,666 were exercised at a
price of 49p each and 288,750 were exercised at a price of US15.4c
each, resulting in the receipt by the Company of an aggregate
amount of $162,606.
Following the exercise of the Options, Mr. Weihs holds
10,332,257 shares representing 5.16% of the Company's existing
issued share capital, of which 1,884,918 ordinary shares
(approximately 0.94% of the Company's issued share capital) are
held directly and 8,447,339 ordinary shares (approximately 4.22% of
the Company's issued share capital) are held through an indirect
economic interest in (but with no voting rights attaching to) such
ordinary shares which are held by Webpals Enterprises Limited. Mr.
Weihs continues to hold options over 655,082 ordinary shares in the
Company.
The exercise of the Options is in accordance with confirmation
received by the Company from the Panel on Takeovers and Mergers
prior to admission of the Company's ordinary shares to trading on
AIM whereby since such Options were in existence prior to
Admission, their exercise 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, 86,925,245 ordinary shares in the
Company (of which 85,040,327 are held by Webpals Enterprises
Limited and 1,884,918 are held by Ory Weihs), representing
approximately 43.39% of the Company's issued voting share
capital.
The exercise of the Options is being satisfied by the transfer
of shares from the Tamir Fishman Trusts 2004 Ltd ("Tamir Fishman"),
the appointed trustee for the Company's Global Share Incentive
Plan. Following the transfer of shares Tamir Fishman holds
6,414,582 ordinary shares in the Company representing 3.20% of the
Company's issued share capital.
Following the exercise of the Options the total number of
Ordinary Shares in the Company 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 set out in the
Company's articles of association.
For further information, please contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7016 9570
/ Fiona Henson www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Camilla Hume www.cenkos.com
Liberum (Joint Broker) Neil Tel: 020 3100 2000
Patel / Chris Clarke www.liberum.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZMGMKKRFGVZM
(END) Dow Jones Newswires
May 18, 2016 11:26 ET (15:26 GMT)
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