XLMedia PLC Exercise of Options (4756S)
December 21 2016 - 4:10AM
UK Regulatory
TIDMXLM
RNS Number : 4756S
XLMedia PLC
21 December 2016
For immediate release 21 December 2016
XLMedia PLC
("XLMedia" or "the Company")
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 83,333 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.
The 83,333 options were exercised at a price of 49p each
resulting in the receipt by the Company of an aggregate amount of
40,834 GBP.
Following the exercise of the Options, Mr. Weihs holds
10,807,756 shares representing 5.39% of the Company's existing
issued share capital, of which 2,360,417 ordinary shares
(approximately 1.18% of the Company's issued share capital) are
held directly and 8,447,339 ordinary shares (approximately 4.22% of
the Company's issued share capital) are held through an indirect
economic interest in (but with no voting rights attaching to) such
ordinary shares which are held by Webpals Enterprises Limited. Mr.
Weihs continues to hold options over 179,583 ordinary shares in the
Company.
The exercise of the Options is in accordance with confirmation
received by the Company from the Panel on Takeovers and Mergers
prior to admission of the Company's ordinary shares to trading on
AIM whereby since such Options were in existence prior to
Admission, their exercise 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, 87,400,744 ordinary shares in the
Company (of which 85,040,327 are held by Webpals Enterprises
Limited and 2,360,417 are held by Ory Weihs), representing
approximately 43.62% of the Company's issued voting share
capital.
The exercise of the Options is being satisfied by the transfer
of shares from the Tamir Fishman Trusts 2004 Ltd ("Tamir Fishman"),
the appointed trustee for the Company's Global Share Incentive
Plan. Following the transfer of shares Tamir Fishman holds
2,707,479 ordinary shares in the Company representing 1.35% of the
Company's issued share capital.
Following the exercise of the Options the total number of
Ordinary Shares in the Company 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 set out in the
Company's articles of association.
ANNEX
Template for 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 Mr. Ory Weihs
--- ------------------------- ------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status CEO and Director / PDMR
--- ------------------------- ------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name XLMedia Plc.
--- ------------------------- ------------------------------
b) LEI NA
--- ------------------------- ------------------------------
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 Ordinary Shares of US0.000001
the financial
instrument, type
of instrument JE00BH6XDL31
Identification
code
--- ------------------------- ------------------------------
b) Nature of the Exercise of Options pursuant
transaction to The Group Incentive Plan
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
GBP0.49 83,333
---------- ----------
--- ------------------------- ------------------------------
d) Aggregated information
- Aggregated volume NA
- Price
--- ------------------------- ------------------------------
e) Date of the transaction December 21(st) , 2016
--- ------------------------- ------------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- ------------------------------
For further information, please contact:
XLMedia plc Ory Weihs www.xlmedia.com Tel: 020 8817 5283
Vigo Communications Jeremy Garcia Tel: 020 7830 9700
/ Fiona Henson www.vigocomms.com
Cenkos Securities plc (Nomad Tel: 020 7397 8900
and Joint Broker) Ivonne Cantu
/ Camilla Hume www.cenkos.com
Berenberg (Joint Broker) Tel: 020 3207 7800
Chris Bowman / Mark Whitmore
/ Amritha Murali
www.berenberg.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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