Business
Exercise and Grant of Options
Exercise and Grant of Options.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \nRNS Number : 8033V Imaginatik PLC 18 December 2013 \n \n\n \nImaginatik Plc\n \n(\"Imaginatik\" or \"the Company\")\n \nExercise and Grant of Options \n \nImaginatik plc (AIM: IMTK.L), the world's first full service innovation provider offering a range of technology products and consultancy, announces the exercise of options by certain directors under the Imaginatik plc Enterprise Management Incentive Scheme (\"EMI Scheme\"), the grant of options to certain directors and employees and the re-basing of options held by certain directors and employees.\n \nExercise of Options\n \nAs announced at the time of the Company's fundraise in May this year, pursuant to the Remuneration Re-investment Programme, further details of which were set out in the circular sent to shareholders on 26 April 2013, certain directors committed to subscribe for new ordinary shares of 0.0625 pence each (\"Ordinary Shares\") at a price of 0.0625 pence. The new Ordinary Shares were to be issued following the contractual exercise of options which were to be granted under the EMI Scheme in tranches between 31 May 2013 and 31 March 2014. To that end, on 17 December 2013, the following directors (and former director) have exercised the following options relating to those granted between 31 May and 30 November 2013 at a price of 0.0625 pence per Ordinary Share. \n \n\n\n\n\nDirector\n\n\nEMI Scheme Options Exercised\n\n\nResulting Number of Shares Held\n\n\n% of total issued share capital, as enlarged by the EMI Options\n\n\nRemaining Options to vest under Remuneration Re-investment Scheme*\n\n\n\n\nMatt Cooper, Executive Chairman\n\n\n151,681,792\n\n\n311,821,407\n\n\n10.04\n\n\n27,518,208\n\n\n\n\nShawn Taylor, CFO\n\n\n11,298,258\n\n\n17,903,558\n\n\n0.58\n\n\n3,101,742\n\n\n\n\nNick Goss, former Director\n\n\n6,799,248\n\n\n6,799,248\n\n\n0.22\n\n\n0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n169,779,298\n\n\n336,524,213\n\n\n10.84\n\n\n30,619,950\n\n\n\n\n \nThe remaining Options attributable to the Remuneration Re-investment programme are to vest between 31 December and 31 March 2014.\n \nThe Company therefore announces the allotment of 169,779,298 Ordinary Shares under its block listing facility which were issued for cash at a price of 0.0625 pence per Ordinary Share. The number of Ord...