NEWS & MEDIA

Immotion Group Plc – Issue of Options and Director/PDMR Shareholding

16 July 2018

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: +44 (0) 161 235 8505

WH Ireland Limited (Nomad and Joint Broker)

Adrian Hadden

Jessica Cave

Tel: +44 (0) 207 220 1666

Shard Capital Partners LLP (Joint Broker)

Damon Heath

Erik Woolgar

Tel: +44 (0) 20 7186 9900

Redleaf Communications (Financial PR)

Elisabeth Cowell, Robin Tozer

Ian Silvera

Tel: +44 (0) 20 3757 6880

Immotion@redleafpr.com

 

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

 

 

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