IMMO Immotion Group Plc

TIDMIMMO

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 GBP10,000 of this consultancy.

Under the consultancy agreement, the consultant may be entitled to a further GBP40,000 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       Adrian Hadden      Tel + 44 (0) 207 
  (Nomad and Joint         Darshan Patel      220 1666 
  Broker)                  Matthew Chan 
 Shard Capital Partners   Damon Heath        Tel: +44 (0) 20 7186 
  LLP                      Erik Woolgar       9900 
  (Joint Broker) 
 Alvarium Capital         Alex Davies        Tel: +44 (0) 207 
  Partners                                    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 rns@lseg.com 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 rns@lseg.com or visit www.rns.com.

END

IOEFDWFSSFUSEES

(END) Dow Jones Newswires

October 30, 2019 06:30 ET (10:30 GMT)

Grafico Azioni Immotion (LSE:IMMO)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Immotion (LSE:IMMO)
Storico
Da Apr 2023 a Apr 2024