Business
Issue of Options and Director/PDMR Shareholding
Issue of Options and Director/PDMR Shareholding.
About this update from Huddled Group Plc
[{"type":"text","content":"\n \nRNS Number : 7038U Immotion Group PLC 16 July 2018 \n\n \nImmotion Group PLC\n \n(\"Immotion\" or the \"Company\")\n \nIssue of Options and Director/PDMR Shareholding\n \nImmotion, 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.\n \nThe issue of the Options includes the issue of 5,950,000 Options to the Company's directors as follows:\n \n\n\n\n\nDirector\n\n\nOptions\n\n\nExercise Price\n\n\n\n\nMartin Higginson\n\n\n1,950,000\n\n\n£0.10\n\n\n\n\nDavid Marks\n\n\n1,750,000\n\n\n£0.10\n\n\n\n\nRodney Findley\n\n\n1,250,000\n\n\n£0.10\n\n\n\n\nIan Liddell\n\n\n1,000,000\n\n\n£0.10\n\n\n\n\n \nThe Options have been granted under the Option Scheme as follows:\n \n\n\n\n\nNumber of Ordinary\nShares under option\n\n\nExercise price\n\n\nVesting date\n\n\nLatest exercise date\n\n\n\n\n11,008,750\n\n\n£0.10\n\n\nOne-ninth of the Options: \n12 July 2019\n \nOne-ninth of the Options: \n12 July 2020\n \nOne-ninth of the Options: \n12 July 2021\n \nOne-third of the Options: \nOn announcement of the 2019 Annual Report, subject to performance criteria being met\n \nOne-third of the Options: \nOn announcement of the 2020 Annual Report, subject to performance criteria being met\n\n\nTen years from the respective vesting dates.\n\n\n\n\n \nThe 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.\n \nThe notification below, made in accordance with the Market Abuse Regulation, provides further\ndetails in relation to the issue of Options.\n \nFor further information please contact:\n \n\n\n\n\n \n\n\nImmotion Group PLC\n\n\nMartin Higginson\n\n\nTel: +44 (0) 161 235 8505\n \n\n\n \n\n...