Replacement: Exercise of Options

RNS Number : 9690A

XLMedia PLC

01 October 2015

 

The following amendment has been made to the Exercise of Options announcement released on 1 October 2015 at 13:23 under RNS No 9571A.

Contact Details have been added to the bottom of the announcement.

All other details remain unchanged.

The full amended text is shown below.

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."

For further information, please contact:

 

XLMedia plc Ory Weihs www.xlmedia.com	Tel: [phone]
Vigo Communications Jeremy Garcia / Fiona Henson www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Ivonne Cantu / Camilla Hume www.cenkos.com	Tel: [phone]
Liberum (Joint Broker) Neil Patel / Chris Clarke www.liberum.com	Tel: [phone]

 

END

 

 

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