viewMporium Group PLC

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.







+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.



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Quick facts: Mporium Group PLC

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Market: LSE
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