Business
Grant of Options
Grant of Options.
About this update from Huddled Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0200U\n Immotion Group PLC\n 30 November 2021\n \n \n \n \n 30 November 2021\n \n \n \n \n \n Immotion Group plc\n \n \n \n \n \n (\"Immotion\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Grant of Options\n \n \n Immotion Group plc (AIM:IMMO) announces the grant of 1,800,000 options to subscribe for new ordinary shares in the Company \n to the Performance Director of the LBE division.\n \n \n The new options have been granted pursuant to the Company's Share Option Scheme and have an exercise price of 5.4 pence per Ordinary Share, being the closing price on Friday 26 November 2021.\n \n \n The new options will vest and be capable of exercise as follows:\n \n \n \n \n \n Tranche\n \n \n \n \n Proportion of New Options in Tranche\n \n \n \n \n Vesting Criteria\n \n \n \n \n \n \n 1\n \n \n \n \n 33.33%\n \n \n \n \n Subject to continued service, 12 months from the issue date.\n \n \n \n \n \n \n \n \n \n \n \n \n 2\n \n \n \n \n 33.33%\n \n \n \n \n Subject to continued service, 24 months from the issue date.\n \n \n \n \n \n \n \n \n \n \n \n \n 3\n \n \n \n \n 33.33%\n \n \n \n \n Subject to continued service, 36 months from the issue date.\n \n \n \n \n \n \n \n \n \n \n \n Inclusive of these new share options, the Company has a total of 58,729,200 options in issue over Ordinary Shares, representing approximately 14.1% of the Company's current issued share capital.\n \n \n Enquiries:\n \n \n For further information please visit\n \n \n www.immotion.co.uk\n \n , or contact: \n \n \n \n \n \n Immotion Group\n \n \n \n \n \n \n \n Martin Higginson\n \n \n David Marks\n \n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n WH Ireland Limited\n \n \n (Nomad and Joint Broker)\n \n \n \n \n \n \n \n \n \n \n Adrian Hadden \n \n \n Darshan Patel\n \n \n Ben Good\n \n \n \n \n Tel + 44 (0) 207 220 1666\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Alvarium Capital Partners\n \n \n (Joint Broker)\n \n \n \n \n Alex Davies\n \n \n \n \n Tel: +44 (0) 207 195 1458\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Shard Capital Partners LLP\n \n \n (Joint Broker)\n \n \n \n \n Damon...