REG - itim Group PLC - Exercise of Options and Issue of Equity

ITIMAnnouncement

08/04/2025 07:00

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RNS Number : 9982D  itim Group PLC  08 April 2025

8 April 2025

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Exercise of Options and Issue of Equity

 

itim Group plc, a SaaS based technology company that
enables store-based retailers to optimise their businesses to improve
financial performance, announces that it has received notice of exercises in
relation to employee share options over 110,000 ordinary shares of 5p each in
the Company at an exercise price of 7.975 pence and 95,000 ordinary shares of
5p each in the Company at an exercise price of 15 pence.

 

Application has been made for 205,000 new ordinary shares of 5 pence each in
the Company ("New Ordinary Shares") to be admitted to trading on AIM. The New
Ordinary Shares will rank pari passu with the Company's existing ordinary
shares and it is expected that admission will occur at 8.00 a.m. on 11 April
2025.

 

Following admission of the New Ordinary Shares, the Company's issued ordinary
share capital will comprise 31,415,607 ordinary shares, none of which are held
in treasury. Therefore, the total number of ordinary shares with voting rights
in itim following admission will be 31,415,607.

 

The above figure of 31,415,607 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.

 

Enquiries:

 

 Itim Group plc             Ali Athar, CEO      0207 598 7700

                            Ian Hayes CFO

 Zeus (NOMAD & Broker)      Katy Mitchell       0203 829 5000

                            Harry Ansell

                            Darshan Patel

 IFC Advisory               Graham Herring      0207 3934 6630

                            Florence Chandler

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive
Officer, Ali Athar. itim was initially formed as a consulting business,
helping retailers effect operational improvement. From 1999 the Company began
to expand into the provision of proprietary software solutions and by 2004 the
Company was focused exclusively on digital technology. itim has grown both
organically and through a series of acquisitions of small, legacy retail
software systems and associated applications which itim has redeveloped to
create a fully integrated end to end Omni-channel platform.

 

 

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