CDialogues PLC Shares into Treasury (9567N)
21 May 2015 - 11:56PM
UK Regulatory
TIDMCDOG
RNS Number : 9567N
CDialogues PLC
21 May 2015
21 May 2015
CDialogues plc
("CDialogues" or the "Company")
Shares into Treasury
CDialogues plc (AIM: CDOG), the provider of mobile marketing
solutions to Mobile Network Operators ("MNOs"), announces that it
has today taken into treasury 28,250 ordinary shares of GBP0.01
each in CDialogues ("Ordinary Shares") for nil consideration.
As set out in the Admission Document dated 24 June 2014, on or
around 23 June 2014, the Company entered into agreements with
certain employees and consultants pursuant to which the Company
agreed to issue these individuals a total of 152,550 Ordinary
Shares in consideration for an undertaking from each of them: (i)
not to dispose of the Ordinary Shares for 12 months; and (ii) to
retain their respective positions within the CDialogues for 24
months. One of the employees issued with Ordinary Shares has left
the Company and is therefore obliged to return the Ordinary Shares
to it.
These Ordinary Shares will be held in treasury by the Company
until further notice.
Following the above transfer, the Company has 6,212,300 Ordinary
Shares remaining in issue (excluding treasury shares), which is the
total number of voting rights and may be used by shareholders as
the denominator for the calculation by which they will determine
whether they are required to notify their interest in, or a change
in their interest in, the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules. The total number of
Ordinary Shares now held in treasury is 28,250.
Enquiries:
CDialogues Plc Tel: +30 2106 300 930
-------------------- ----------------------------------------------
George Karakovounis
-------------------- ----------------------------------------------
Pale Spanos
-------------------- ----------------------------------------------
Allenby Capital Tel: 0203 328 5656
Limited
-------------------- ----------------------------------------------
David Hart
-------------------- ----------------------------------------------
Alex Brearley
-------------------- ----------------------------------------------
Walbrook PR Tel: 020 7933 8780/ cdialogues@walbrookpr.com
Ltd
-------------------- ----------------------------------------------
Paul Cornelius Mob: 07866 384 707
-------------------- ----------------------------------------------
Nick Rome Mob: 07748 325 236
-------------------- ----------------------------------------------
About CDialogues
CDialogues provides mobile marketing solutions enabling MNOs to
retain and acquire market share, increase average revenue per user
(ARPU) and reducing subscriber churn.
The Company's products and services deliver fully managed
solutions, utilizing advanced Data analytics techniques combined
with Linguistic engineering marketing, to build awareness and
multiply sales and opt-ins of promotional offerings and other
mobile content being offered by the MNOs.
The solutions designed by the Company, are tailored and served
with the appropriate Linguistic format, to each individual mobile
network subscriber typology and geography it operates in, using its
proprietary software and scalable infrastructure.
The majority of CDialogues' revenues are derived from a
recurring subscription-based revenue model, which has been
pioneered by the Company. As a result, the Company benefits from
incremental cash flow growth from each new campaign customer and
mobile network subscriber.
The Company's near-term focus is on growing both its customer
base and expanding its geographic footprint in selected markets in
the Middle East, Africa and Southeast Asia, where mobile device
penetration and mobile network usage is growing rapidly.
CDialogues has been profitable and cash flow positive since
commercial operations began in early 2012.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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