IXICO plc Exercise of Share Options (8392K)
26 September 2016 - 10:58PM
UK Regulatory
TIDMIXI
RNS Number : 8392K
IXICO plc
26 September 2016
26 September 2016
IXICO plc
("IXICO", or the "Company")
Exercise of Share Options
IXICO (AIM: IXI) announces that Derek Hill, CEO, has exercised
1,900 founder options under the IXICO Technologies Limited
Unapproved Share Option Scheme (the "Scheme"). Under the terms of
the Scheme the new shares issued and allotted in IXICO Technologies
Limited are subject to a put and call arrangement resulting in the
Company issuing and allotting 29,773 new ordinary shares of 1 pence
each in IXICO plc (the "New Ordinary Shares")
Application has been made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM. Admission of
the New Ordinary Shares is expected to be effective on 30 September
2016 and, when issued, the New Ordinary Shares will rank pari passu
in all respects with the Company's existing ordinary shares.
Following the admission to trading of the New Ordinary Shares,
IXICO will have 26,473,191 ordinary shares of 1 pence each in
issue. The Company does not hold any shares in treasury.
Consequently, 26,473,191 is the figure which may be used by
shareholders as the denominator for the calculation by which they
will determine if they are required to notify their interest in, or
a change to their interest in, Inspired under the FCA's Disclosure
and Transparency Rules.
Enquiries:
IXICO plc
Derek Hill, CEO
Susan Lowther, CFO
+44 20 3763 7499
Peel Hunt LLP (Nominated Adviser and Broker)
James Steel
Oliver Jackson
+44 20 7418 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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