Grant of Options

RNS Number : 0200U

Immotion Group PLC

30 November 2021

 

30 November 2021

Immotion Group plc

("Immotion", the "Company" or the "Group")

Grant of Options

Immotion Group plc (AIM:IMMO) announces the grant of 1,800,000 options to subscribe for new ordinary shares in the Company to the Performance Director of the LBE division.

The new options have been granted pursuant to the Company's Share Option Scheme and have an exercise price of 5.4 pence per Ordinary Share, being the closing price on Friday 26 November 2021.

The new options will vest and be capable of exercise as follows:

Tranche	Proportion of New Options in Tranche	Vesting Criteria
1	33.33%	Subject to continued service, 12 months from the issue date.
2	33.33%	Subject to continued service, 24 months from the issue date.
3	33.33%	Subject to continued service, 36 months from the issue date.

Inclusive of these new share options, the Company has a total of 58,729,200 options in issue over Ordinary Shares, representing approximately 14.1% of the Company's current issued share capital.

Enquiries:

 For further information please visit   www.immotion.co.uk , or contact: 

Immotion Group	Martin Higginson David Marks	[e-mail]
WH Ireland Limited (Nomad and Joint Broker)	Adrian Hadden  Darshan Patel Ben Good	Tel + 44 (0) 207 220 1666
Alvarium Capital Partners (Joint Broker)	Alex Davies	Tel: [phone]
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: [phone]

 

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