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XLM - XLMedia News Story

26.5p -0.2  -0.7%

Last Trade - 25/02/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £49.6m
Enterprise Value £28.0m
Revenue £68.3m
Position in Universe 1159th / 1840

XLMedia PLC - Grant of Options

Mon 4th November, 2019 10:00am
RNS Number : 1425S
XLMedia PLC
04 November 2019
 

4 November 2019  

XLMedia PLC

("XLMedia" or "the Company")

 

Grant of Options

 

XLMedia (AIM: XLM), a leading provider of digital performance marketing services, announces that on 1 November 2019 it granted, pursuant to The Group Share Incentive Plan, share options to Stuart Simms, Group CEO, over a total of 920,223 ordinary shares of USD0.000001 each in the capital of the Company ("Share Options").

 

This grant of the Share Options is in line with and part of the Company's stated share incentive policy to attract and retain talent.

 

The Share Options that were granted include the following:

 

 

Position

Number of Share Options granted

Total options held in Company following grant

Mr Stuart Simms

Group CEO

920,223

920,223

 

The Share Options are exercisable at nil, and are subject to a performance target comparing the average net return achieved by the Company relative to the net return achieved by the constituents of the FTSE AIM 100 during the three year period ending on 1 November 2022 (the "Performance Period"), and may result in less (or no) shares being issued at the end of such period. Any shares issued as a result of the exercise of the Share Option shall be subject to a two (2) years holding period during which they can only be sold (save in certain specified circumstances) to satisfy tax liabilities. Clawback and malus provisions also apply to such Share Options.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

 

Mr. Stuart Simms

 

2

Reason for the notification

a)

Position/status

 

Group CEO and PDMR

 

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

XLMedia PLC

b)

LEI

2138008U4S6FBDHGWY81

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

 

Identification code

Options over ordinary shares of USD0.000001 each

 

 

ISIN of ordinary shares:  JE00BH6XDL31

b)

Nature of the transaction

 

Grant of Options over ordinary shares of USD0.000001 in XLMedia PLC each at an exercise price per share as set out below

c)

Price(s) and volume(s)

 

920,223 at an exercise price of nil per share

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

920,223

 

nil

e)

Date of the transaction

1 November 2019

f)

Place of the transaction

Outside a trading venue

 

For further information, contact:

 

XLMedia plc

Stuart Simms

www.xlmedia.com

 

Via Vigo Communications

Vigo Communications

Jeremy Garcia / Fiona Henson / Simon Woods

www.vigocomms.com

 

Tel: 020 7390 0233

Cenkos Securities plc (Nomad and Joint Broker)

Giles Balleny / Max Gould

www.cenkos.com

 

Tel: 020 7397 8900

Berenberg (Joint Broker)

Chris Bowman / Mark Whitmore / Simon Cardron

www.berenberg.com

Tel: 020 3207 7800

 

 

 


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.
 
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