REG - Fonix PLC - Grant of Market Price Options and PDMR Dealing

FonixAnnouncement

25/03/2025 07:15

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RNS Number : 9523B  Fonix PLC  25 March 2025

25 March 2025

Fonix plc

("Fonix" or the "Company")

Grant of Market Price Options and PDMR Dealing

 

Fonix plc (AIM: FNX), the mobile payments and messaging provider, announces
that on 24 March 2025, it granted a total of 288,000 share options over
ordinary shares of 0.1p each under the Company's share option plan (the
"Options"):

●     55,000 Options were awarded to Michael Foulkes, Chief Financial
and Operating Officer of the Company (the "CFOO"), and

●     233,000 Options were awarded to other eligible Company employees
(the "Eligible Employees").

The Options have an exercise price of 180.5p per share, representing the
closing mid-market price on the day prior to the grant.

The Options will vest in three equal tranches over a three-year period, on 24
March 2028, 24 March 2029, and 24 March 2030. Vesting is conditional on the
option holder's continuous employment with the Company until each respective
vesting date. Additionally, the 55,000 Options granted to the CFOO are subject
to the achievement of specific performance conditions. Following this grant,
the CFOO holds 205,895 market price options in the Company, representing
approximately 0.2% of the Company's issued share capital.

The award of these Options is designed to align the interests of the CFOO and
Eligible Employees with those of shareholders, incentivising and rewarding the
creation of long-term shareholder value over the next three to five years and
beyond.

Following this grant, the Company has issued a total of 2,192,174 options
since its admission to AIM in October 2020. Of these, 198,895 have lapsed,
232,528 have been exercised, and 1,760,751 options remain outstanding. The
outstanding options represent approximately 1.76% of the Company's issued
share capital.

 

Enquiries

Fonix plc
 
Tel: +44 20 8114 7000

Robert Weisz, CEO

Michael Foulkes, CFOO

 

Cavendish Capital Markets Limited (Nomad and Broker)
Tel: +44 20 7220 0500

Jonny Franklin-Adams / Seamus Fricker (Corporate Finance)

Sunila de Silva (ECM)

 

About Fonix

Founded in 2006, Fonix is a leading provider of mobile payments and messaging
solutions, enabling businesses to connect, engage, and transact seamlessly
through mobile technology.

Fonix helps organisations across media, charity, entertainment, and enterprise
sectors drive revenue and enhance audience engagement.

Headquartered in London, Fonix is a fast-growing, innovation-driven company,
trusted by industry leaders such as ITV, Bauer Media, RTÉ, Global, Comic
Relief, and BBC Children in Need. With a strong focus on technology and
consumer experience, Fonix continues to shape the future of mobile payments
and interactivity.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Michael Foulkes

 2    Reason for the notification

 a)   Position/status                                              Chief Financial & Operating Officer

 b)   Initial notification /Amendment                              Initial Notification

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

    platform, auctioneer or auction monitor

 a)   Name                                                         Fonix plc

 b)   LEI                                                          213800GBZCWQ7HR2ZE92

 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 to subscribe for new ordinary shares of

                                                                   0.1p each

      Identification code

                                                                    GB00BN789668
 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

Type                          Price(s)  Volume(s)

                                                                   Options over ordinary shares  180.5p    55,000
 d)   Aggregated information

      - Aggregated volume                                          N/A - single transaction

      - Price

 e)   Date of the transaction                                      24 March 2025

 f)   Place of the transaction                                     Outside of a trading venue

d)

 

Aggregated information

 

 

- Aggregated volume

 

- Price

 

 

 

 

N/A - single transaction

e)

 

Date of the transaction

 

24 March 2025

f)

 

Place of the transaction

 

Outside of a trading venue

 

 

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