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mporium Group PLC - Release from Lock-in Agreement

RNS Number : 3041V
mporium Group PLC
01 November 2017
 

1 November 2017

mporium Group plc

 

("mporium" or the "Group")

 

Release from Lock-in Agreement

 

mporium Group plc (AIM:MPM), the technology firm delivering event-driven marketing, announces that it has given its consent to Cxense ASA to sell a total of 100,000,000 Ordinary Shares in the Company that are subject to a lock-in and orderly market agreement dated 15 May 2015 between the Company and Cxense (the "Lock-in Agreement"). The Lock-in Agreement was for a period of three years.

 

In order to be released from the Lock-in Agreement before expiration, Cxense has agreed to make a payment of £1.13 million to the Company.

 

For the purposes of the AIM Rules, the release of the lock-in and orderly market agreement is deemed a related party transaction. The Directors consider, having consulted with the Company's Nominated Adviser, N+1 Singer, that release of Cxense from the Lock-in Agreement is fair and reasonable insofar as the Company's shareholders are concerned.

 

-Ends-

 

Enquiries

 

mporium

+44 20 3841 8402

Nelius De Groot, Chief Executive Office




N+1 Singer (Nominated Adviser & Broker)


Michael Taylor

+44 207 496 3000

Mark Taylor

 

 

Alma PR (Financial PR)

+44 203 865 9668

Rebecca Sanders-Hewett

Josh Royston

Susie Hudson

 

 

 

 

Notes to Editors

 

About mporium

mporium is a technology company at the forefront of the transformation in digital marketing. mporium's proprietary technology enables advertisers, to identify and monetise micro-moments - those moments when there are significant changes in the levels of consumer intent. Using technologies derived from financial services, these micro-moments are used to drive highly performant digital advertising campaigns: from brand advertising to direct response.

 

Based in the UK, mporium Group plc is quoted on AIM, the growth market of the London Stock Exchange plc.

 

www.mporium.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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