Immedia Group PLC PDMR Dealings; Grant of Options, Issue of Warrants (8754P)
February 22 2021 - 03:36AM
UK Regulatory
TIDMIME
RNS Number : 8754P
Immedia Group PLC
22 February 2021
22 February 2021
For immediate release
Immedia Group Plc
("Immedia" or "the Company" or "the Group")
PDMR Dealings - Grant of Share Options and Issue of Warrants
Immedia ( AIM: IME), a supplier of multi-media content and
digital solutions for leading brands and global businesses,
announces a grant of share options and issue of warrants as
detailed below.
Grant of Share Options
The Company has granted new share options over a total of
140,000 ordinary shares of 10 pence in the Immedia EMI Share Option
Scheme ("the Scheme") to Ross Penney and John Trevorrow, the
Company's Chief Executive Officer and Finance Director
respectively.
The options have an exercise price of GBP0.3599 pence per share
(being the 30 day moving average share price immediately prior to
the award on 19 February 2021.) The options vest immediately and
are exercisable in whole or in part at any time in the next three
years.
Issue of Warrants
The Company has issued warrants ("the Warrants") to subscribe
for a total of 500,000 ordinary shares of 10 pence, to Tim
Hipperson, Mark Horrocks and Simon Leathers, the Chairman and
Non-Executive Directors of the Company.
The Warrants have an exercise price of 25 pence per share, being
set equal to the recent issue price for new ordinary shares issued
in the recent placing and subscription (announced on 8 January
2021). The Warrants vest immediately and are exercisable in whole
or in part at any time in the next three years.
The issue of the Warrants constitutes a related party
transaction under Rule 13 of the AIM Rules for Companies. The
independent Directors for the issue of the Warrants, being Ross
Penney and John Trevorrow, consider, having consulted with SPARK
Advisory Partners Limited the Company's Nominated Adviser, that the
terms of the issue of the Warrants to the Tim Hipperson, Mark
Horrocks and Simon Leathers are fair and reasonable insofar as its
shareholders are concerned.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a) Ross Penney
b) John Trevorrow
------------------------------ ---- ----------------------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------------------------------
a) Position/status a) Chief Executive Officer
b) Finance Director
------------------------------ ---- ----------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ---- ----------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -------------------------------------------------------------------------------------------
a) Name Immedia Group Pc
------------------------------ ---- ----------------------------------------------------------
b) LEI 213800XSRH9SNN1EXX92
------------------------------ ---- ----------------------------------------------------------
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 Options over ordinary shares of 10p
financial instrument, each
type of instrument
Identification code GB0033881904
b) Nature of the transaction Grant of options
------------------------------ ---- ----------------------------------------------------------
c) Price(s) and volume(s)
---------------- ----------- ----------
Director Exercise Volume(s)
Price(s)
---------------- ----------- ----------
Ross Penney GBP0.3599 75,000
John Trevorrow GBP0.3599 65,000
---------------- -----------
d) Aggregated information
- Aggregated volume 140,000
- Price GBP0.3599
e) Date of the transaction 19 February 2021
------------------------------ ---- ----------------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------ ---- ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name a) Tim Hipperson
b) Mark Horrocks
c) Simon Leathers
------------------------------ ---- ---------------------------------------------------------
2 Reason for the notification
--- ------------------------------------------------------------------------------------------
a) Position/status a) Chairman
b) Non-Executive Director
c) Non-Executive Director
------------------------------ ---- ---------------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ---- ---------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- ------------------------------------------------------------------------------------------
a) Name Immedia Group Pc
------------------------------ ---- ---------------------------------------------------------
b) LEI 213800XSRH9SNN1EXX92
------------------------------ ---- ---------------------------------------------------------
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 Warrants over ordinary shares of
financial instrument, 10p each
type of instrument
Identification code GB0033881904
b) Nature of the transaction Issue of Warrants
------------------------------ ---- ---------------------------------------------------------
c) Price(s) and volume(s)
---------------- ---------- ----------
Director Issue Volume(s)
Price(s)
---------------- ---------- ----------
Tim Hipperson GBP0.25 200,000
Mark Horrocks GBP0.25 150,000
Simon Leathers GBP0.25 150,000
---------------- ----------
d) Aggregated information
- Aggregated volume 500,000
- Price GBP0.25
e) Date of the transaction 19 February 2021
------------------------------ ---- ---------------------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------ ---- ---------------------------------------------------------
For further information please contact:
Immedia Group Plc Tel: +44 (0) 1635 556200
Tim Hipperson, Non-executive Chairman
Ross Penney, Chief Executive
SPARK Advisory Partners Limited (Nomad) Tel: +44 (0) 203 368 3550
Mark Brady
Neil Baldwin
SP Angel Corporate Finance LLP (Broker) Tel: +44 (0) 207 470 0470
Abigail Wayne
Tooley Street Communications (IR & Tel: +44 (0) 7785 703523
media relations)
Fiona Tooley
About Immedia Group Plc
Immedia Group Plc is a multi-media content and digital solutions
provider to global businesses delivering audio visual communication
services for brands.
The business provides 'live' branded channels to retail
locations across the UK and Europe. Immedia's interactive audio
channels deliver targeted original content via its own
DreamStream-X platform with encrypted Dreamstream technology
deployed in each location. Each channel is supported with powerful
data analytics tools that monitor audience activity and provide
data to enable Immedia to further enhance audience engagement.
In addition, Immedia creates original audio production and video
content as well as 3D animation and the supply, installation and
maintenance of audio visual equipment.
Immedia clients include Shell, Subway, BP, Nationwide Building
Society, JD Sports, Weir, BMW, IKEA, and FIFA.
To read more about the business, visit www.immediaplc.com or
email us on enquiries@immediaplc.com
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