Issue of Options and Director/PDMR Shareholding

RNS Number : 7038U

Immotion Group PLC

16 July 2018

 

Immotion Group PLC

("Immotion" or the "Company")

Issue of Options and Director/PDMR Shareholding

Immotion, the UK-based immersive virtual reality ("VR") 'out of home' entertainment business, announces that, as detailed in the Company's admission document published on 12 July, the Company established the Immotion Group plc Share Option Scheme (the "Option Scheme") on 22 June 2018 and makes the disclosure set out below in relation to Persons Discharging Managerial Responsibilities ("PDMRs"). On Admission, the Company issued a total of 11,008,750 options to subscribe for new ordinary shares in the Company under the Company's Option Scheme (the "Options") in the quantities, and on the terms, described below.

The issue of the Options includes the issue of 5,950,000 Options to the Company's directors as follows:

Director	Options	Exercise Price
Martin Higginson	1,950,000	£0.10
David Marks	1,750,000	£0.10
Rodney Findley	1,250,000	£0.10
Ian Liddell	1,000,000	£0.10

The Options have been granted under the Option Scheme as follows:

Number of Ordinary Shares under option	Exercise price	Vesting date	Latest exercise date
11,008,750	£0.10	One-ninth of the Options: 12 July 2019 One-ninth of the Options: 12 July 2020 One-ninth of the Options: 12 July 2021 One-third of the Options: On announcement of the 2019 Annual Report, subject to performance criteria being met One-third of the Options: On announcement of the 2020 Annual Report, subject to performance criteria being met	Ten years from the respective vesting dates.

The total number of options granted and outstanding as at today's date represents 11,008,750 shares or 5.64% of the current issued share capital of the Company.

The notification below, made in accordance with the Market Abuse Regulation, provides further

details in relation to the issue of Options.

For further information please contact:

	Immotion Group PLC		Martin Higginson		Tel: [phone]
	WH Ireland Limited (Nomad and Joint Broker)		Adrian Hadden Jessica Cave		Tel: [phone]
	Shard Capital Partners LLP (Joint Broker)		Damon Heath Erik Woolgar		Tel: [phone]
	Redleaf Communications (Financial PR)		Elisabeth Cowell, Robin Tozer Ian Silvera		Tel: [phone] [e-mail]
1		Details of the person discharging managerial responsibilities/person closely associated
a)		Name		Martin Higginson
2		Reason for the notification
a)		Position/status		CEO
b)		Initial notification/ Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		Immotion Group PLC
b)		LEI		894500TW3TTWSJ7DYP93
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the financial instrument, type of instrument Identification code		Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)		Nature of the transaction		Grant of options
c)		Price(s) and volume(s)		Price Volume 10p 1,950,000
d)		Aggregated information -     Aggregated volume -     Price		N/A
e)		Date of the transaction		12 July 2018
f)		Place of the transaction		London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Marks
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 1,750,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rodney Findley
2	Reason for the notification
a)	Position/status	Commercial Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 1,250,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Liddell
2	Reason for the notification
a)	Position/status	Creative Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 1,000,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Daniel Wortley
2	Reason for the notification
a)	Position/status	Group Head of Finance & Company Secretary
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 650,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Collimore
2	Reason for the notification
a)	Position/status	UK Sales Manager
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 700,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Emma Stanyon
2	Reason for the notification
a)	Position/status	Communications Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 400,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tracy Liddell
2	Reason for the notification
a)	Position/status	Head of Production - TV
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Immotion Group PLC
b)	LEI	894500TW3TTWSJ7DYP93
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.040108663p each ISIN Code: GB00BD5JRP64
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price Volume 10p 412,000
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	12 July 2018
f)	Place of the transaction	London

 

END

 

 

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