XLMedia PLC Issue of Shares to EBT (1593L)
15 July 2017 - 12:15AM
UK Regulatory
TIDMXLM
RNS Number : 1593L
XLMedia PLC
14 July 2017
For immediate release 14 July 2017
XLMedia PLC
("XLMedia" or the "Company")
Issue of Shares to EBT in connection with Global Share Incentive
Plan
In connection with the share options granted to date, Tamir
Fishman Trusts 2004 Ltd, the appointed trustee (the "Trustee" or
"Tamir Fishman") for the purposes of the Company's Global Share
Incentive Plan (the "GSIP") has today subscribed for 4,000,000
ordinary shares of US$0.000001 each in the Company at par. The
shares will be used to satisfy future obligations of the Company
under the GSIP. Under the terms of the agreement with the Trustee,
the Trustee has agreed to waive its voting rights and all
entitlements to dividends issued by the Company, in each case, in
respect of such shares prior to the transfer of those shares to
satisfy the exercise of options pursuant to the terms of the
GSIP.
Application will be made for the 4,000,000 new ordinary shares
of US$0.000001 each to be admitted to trading on AIM and admission
is expected to become effective on 20 July 2017 ("Admission").
Following Admission Tamir Fishman holds 5,526,047 ordinary shares
in the Company representing 2.70% of the Company's issued share
capital post Admission.
Following Admission, the Company's issued share capital will
consist of 204,352,402 ordinary shares with a nominal value of
US$0.000001 each ("Ordinary Shares"). The Company does not hold any
Ordinary Shares in treasury. Therefore the total number of Ordinary
Shares in the Company with voting rights is 204,352,402 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 or the
Company's articles of association.
For further information, please contact:
XLMedia plc Tel: 020 8817 5283
Ory Weihs
www.xlmedia.com
Vigo Communications Tel: 020 7830 9703
Jeremy Garcia / Fiona Henson / Natalie Jones
www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Broker) Tel: 020 7397 8900
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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