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Issue of Shares

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RNS Number : 6285R
Immotion Group PLC
30 October 2019
 

Immotion Group plc

("Immotion Group", "the "Company")

 Issue of Shares

 

 

Immotion Group, the UK-based immersive 'Out of Home' entertainment group, is pleased to announce that it has entered into an agreement to pay for the services of a consultant engaged to review and enhance the Company's offering in shares. Accordingly, the Company has elected to issue 147,059 new ordinary shares ("Remuneration Shares") at 6.8 pence per share, being the market price of the Company's shares when the agreement was made, in respect of £10,000 of this consultancy.

 

Under the consultancy agreement, the consultant may be entitled to a further £40,000 of fees, contingent on performance, which the Company may also elect to pay in shares, or at the Company's discretion, in cash. A further announcement will be made should further shares be issued.

Application has been made for the Remuneration Shares to be admitted to trading on AIM, which is expected to occur on 31 October 2019.

 

Following Admission of the Remuneration Shares, the Company will have 285,609,750 Ordinary Shares in issue and admitted to trading on AIM. This figure 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. 

 

Enquiries:

 For further information please visit www.immotion.co.uk, or contact: 

 

Immotion Group

 

Martin Higginson

Tel: +44 (0) 161 235 8505

WH Ireland Limited

(Nomad and Joint Broker)

 

Adrian Hadden 

Darshan Patel

Matthew Chan

 

Tel + 44 (0) 207 220 1666

Shard Capital Partners LLP

(Joint Broker)

 

Damon Heath

Erik Woolgar

Tel: +44 (0) 20 7186 9900

Alvarium Capital Partners

Alex Davies

Tel: +44 (0) 207 195 1433

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact 
[email protected] or visit www.rns.com.

 

END

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Immotion Group

Price: 6.65

Market: AIM
Market Cap: £18.99 m
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