REG - Aeorema Comms Plc - Exercise of Options. Total Voting Rights

Aeorema CommunicationsAnnouncement

16/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241216:nRSP1221Qa&default-theme=true

RNS Number : 1221Q  Aeorema Communications Plc  16 December 2024

16 December 2024

 

Aeorema Communications plc

('Aeorema', 'the Company' or 'the Group')

 

Exercise of Options

Total Voting Rights

 

Aeorema Communications plc, a leading strategic communications group,
announces the issue and allotment of 155,000 new ordinary shares of 12.5p each
("Ordinary Shares") following the exercise of options at 29p per Ordinary
Share by Steve Quah, Chief Executive Officer of the Company.

 

Application has been made to the London Stock Exchange for the 155,000 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will become effective and trading will commence at
8.00 a.m. on 18 December 2024.

 

Upon Admission, Steve Quah will have a beneficial interest in 876,514 Ordinary
Shares in the Company, representing 9.04 per cent. of the enlarged issued
share capital.

Related Party Transaction

Steve Quah has made a partial exercise of options which has necessitated the
entering into of a deed of variation to the previously issued option
agreement. This amendment is a related party transaction pursuant to rule 13
of the AIM Rules for Companies.  Accordingly, the Directors, other than Steve
Quah, having consulted with the Company's nominated adviser, consider that the
terms of the transaction are fair and reasonable insofar as the Company's
shareholders are concerned.

 

Total Voting Rights

Upon Admission, the Company's issued share capital with voting rights will be
9,693,000 Ordinary Shares.

The above figure of 9,693,000 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 Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

 

The table for notification and public disclosure of transactions by persons
discharging managerial responsibilities in accordance with the requirements of
the EU Market Abuse Regulation, which forms part of domestic UK law pursuant
to the European Union (Withdrawal) Act 2018, is appended below.

 

For further information on the Company please visit www.aeorema.com
(http://www.aeorema.com/)  or contact:

 

 Andrew Harvey                                     Aeorema Communications plc         Tel: +44 (0)20 7291 0444

 Managing Director

 John Depasquale / Liz Kirchner / Lauren Wright    Allenby Capital Limited            Tel: +44 (0)20 3328 5656

 (Corporate Finance)                               Nominated Adviser & Broker

 Kelly Gardiner / Joscelin Pinnington

 (Sales & Corporate Broking)
  Paul Dulieu / Isabel de Salis                    St Brides Partners Ltd             aeorema@stbridespartners.co.uk

                                                   Financial PR

 

Notes to Editors

Aeorema Communications plc, (AIM: AEO) is a leading strategic communications
group with offices in London, New York and Amsterdam. The Group provides
bespoke event services, comprising live, virtual, and hybrid experiences to an
established international blue-chip client base spanning a broad range of
sectors, including finance, professional services, advertising, IT, gaming,
fashion, fintech, and beverages. The Group also provides high level
consultancy services to help clients maximise and deliver on their long-term
communication strategies over multiple event and film touchpoints.

 

Aeorema delivers these services via its fully owned companies Cheerful
Twentyfirst and Cheerful Twentyfirst, Inc. (the North American arm of Cheerful
Twentyfirst) (cheerfultwentyfirst.com), two live events agencies with film
capabilities that specialise in devising and delivering corporate
communication solutions. The Group also operates Eventful Limited
(www.eventful.co.uk), which provides consultative, high-touch services
including assisting clients with venue sourcing, event management and
incentive travel. With more than 56 years of combined operating experience and
extensive award wins, Aeorema is a recognised industry thought leader.

 

Central to all that the Group does is its Corporate Social Responsibility
charter, which is focussed on ensuring sustainable, inclusive and ethical
business operations. To this end, the Group is a pioneer in delivering
innovative strategies and services, including a client carbon measurement
programme to establish a formal structure and approach around reducing
emissions and offsetting both its own and its clients' carbon footprint.

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Steve Quah
 2    Reason for the notification
 a)   Position/status                                              CEO
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Aeorema Communications plc
 b)   LEI                                                          213800PJBW6O7NDCKJ08

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 12.5p each in Aeorema Communications plc

      Identification code

                                                                   Identification code (ISIN) for Aeorema Communications plc ordinary
                                                                   shares: GB00B4QHH456
 b)   Nature of the transaction                                    Exercise of options over ordinary shares

 c)   Price(s) and volume(s)                                       Price: 29p

                                                                   Volume: 155,000

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      13 December 2024
 f)   Place of the transaction                                     Outside a trading venue

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPGWCPUPCGBW