REG - Fonix Mobile PLC - Grant of Market Price Options

Fonix MobileAnnouncement

30/11/2023 17:00

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RNS Number : 2831V  Fonix Mobile PLC  30 November 2023

30 November 2023

Fonix Mobile plc

("Fonix" or the "Company")

Grant of Market Price Options

 

Fonix Mobile plc (AIM: FNX), the mobile payments and messaging provider,
announces that on 30 November 2023 55,000 options were granted over ordinary
shares of 0.1p each in Fonix (the "Options") to Michael Foulkes, Chief
Financial Officer of the Company (the "CFO"), as well as 159,500 options
granted over ordinary shares to other Fonix employees (the "Eligible
Employees") in accordance with the Company's Share Option Plan.

The Options have an exercise price of 195.5p, being the closing mid-market
price the day before grant.

27,500 of the Options issued to the CFO will vest after 3-years in three equal
instalments on 30 November 2026, 30 November 2027 and 30 November 2028 and are
also subject to the achievement of certain performance related conditions. The
remaining 27,500 Options issued to the CFO, as well as the 159,500 options
issued to Eligible Employees vest after 3-years in three equal instalments on
30 November 2026, 30 November 2027 and 30 November 2028. The vesting of all
options is contingent on the option holder remaining in continuous employment
until each vesting date. The options granted align the CFO and the Eligible
Employees with shareholders by incentivising and rewarding the creation of
shareholder value over the next 3-5 years.

Following the Company Share Option Plan grants to Eligible Employees including
Michael Foulkes, the Company has now issued 1,904,174 options over shares
since the Company's admission to the AIM in October 2020, of which 192,797
have subsequently lapsed, 127,557 have been exercised and 1,583,820 remain
outstanding. The outstanding options represent 1.58 per cent. of the Company's
issued share capital.

 

 

 

 

 

Enquiries

Fonix Mobile plc
 
Tel: +44 20 8114 7000

Robert Weisz, CEO

Michael Foulkes, CFO

 

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 provides mobile payments and messaging services for
clients across media, telecoms, entertainment, enterprise and commerce.

When consumers make payments, they are charged to their mobile phone bill.
This service can be used for ticketing, content, cash deposits and donations.
Fonix's service works by charging digital payments to the mobile phone bill,
either via carrier billing or SMS billing. Fonix also offers messaging
solutions.

Based in London, Fonix is a fast growth business driven by blue chip clients
such as ITV, Bauer Media, RTÉ, Global Media, Comic Relief and Children in
Need to name a few.

 

 

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