Fusionex International PLC Establishment of Employee Benefit Trust (6071S)
December 22 2016 - 4:45AM
UK Regulatory
TIDMFXI
RNS Number : 6071S
Fusionex International PLC
22 December 2016
For Immediate Release 22 December 2016
Fusionex International PLC
("Fusionex" or "the Company")
Establishment of Employee Benefit Trust
Fusionex, a multi-award winning international software solutions
provider specialising in Big Data Analytics, Artificial
Intelligence and the Internet of Things ("IoT"), announces that an
employee benefit trust, the Fusionex Employee Benefit Trust
("EBT"), has been set up to incentivise employees of the Company
and its subsidiaries through the award of a specified number of
ordinary shares in the capital of the Company ("Awards").
The Awards shall not be granted to contractors or the directors
of the Company, and shall be subject to vesting and performance
conditions.
It is proposed that the EBT will subscribe for 7,095,000 new
ordinary shares in the capital of the Company ("New Ordinary
Shares").
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM, and it is anticipated that admission
will become effective on or around 30 December 2016. Following
admission, the Company's issued share capital will consist of
54,395,000 ordinary shares. There are no shares in the capital of
the Company held as treasury shares.
The above figure 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 FCA's Disclosure and Transparency
Rules.
For further information please contact:
Fusionex Through Buchanan
Ivan Teh, Chief Executive Officer
Yuen Choong Lai, Chief Financial
Officer
Darren Hopkins, Director of Investor
Relations & Corporate Development
Panmure Gordon (Nominated Adviser
and Joint Broker)
Andrew Godber, Alina Vaskina (Investment
Banking)
Charles Leigh-Pemberton (Corporate 0207 886
Broking) 2500
Peel Hunt LLP (Joint Broker) 0207 418
Richard Kauffer, Euan Brown 8900
Buchanan
Sophie McNulty, Stephanie Watson, 0207 466
Patrick Hanrahan 5000
Market abuse regulation
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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