PDMR Dealings; Grant of Options, Issue of Warrants

RNS Announcement

RNS Number : 8754P

Immedia Group PLC

22 February 2021

For immediate release

Immedia Group Plc

("Immedia" or "the Company" or "the Group")

PDMR Dealings - Grant of Share Options and Issue of Warrants

Immedia (AIM: IME), a supplier of multi-media content and digital solutions for leading brands and global businesses, announces a grant of share options and issue of warrants as detailed below.

Grant of Share Options

The Company has granted new share options over a total of 140,000 ordinary shares of 10 pence in the Immedia EMI Share Option Scheme ("the Scheme") to Ross Penney and John Trevorrow, the Company's Chief Executive Officer and Finance Director respectively.

The options have an exercise price of £0.3599 pence per share (being the 30 day moving average share price immediately prior to the award on 19 February 2021.) The options vest immediately and are exercisable in whole or in part at any time in the next three years.

Issue of Warrants

The Company has issued warrants ("the Warrants") to subscribe for a total of 500,000 ordinary shares of 10 pence, to Tim Hipperson, Mark Horrocks and Simon Leathers, the Chairman and Non-Executive Directors of the Company.

The Warrants have an exercise price of 25 pence per share, being set equal to the recent issue price for new ordinary shares issued in the recent placing and subscription (announced on 8 January 2021). The Warrants vest immediately and are exercisable in whole or in part at any time in the next three years.

The issue of the Warrants constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The independent Directors for the issue of the Warrants, being Ross Penney and John Trevorrow, consider, having consulted with SPARK Advisory Partners Limited the Company's Nominated Adviser, that the terms of the issue of the Warrants to the Tim Hipperson, Mark Horrocks and Simon Leathers are fair and reasonable insofar as its shareholders are concerned.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1		Details of the person discharging managerial responsibilities / person closely associated
a)	Name		a) Ross Penney b) John Trevorrow
2		Reason for the notification
a)	Position/status		a) Chief Executive Officer b) Finance Director
b)	Initial notification /Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Immedia Group Pc
b)	LEI		213800XSRH9SNN1EXX92
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 10p each

	Identification code		GB0033881904

b)	Nature of the transaction		Grant of options
c)	Price(s) and volume(s)
			Director	Exercise Price(s)	Volume(s)
			Ross Penney John Trevorrow	£0.3599 £0.3599	75,000 65,000

d)	Aggregated information

	- Aggregated volume		140,000

	- Price		£0.3599

e)	Date of the transaction		19 February 2021
f)	Place of the transaction		Outside of a trading venue

1		Details of the person discharging managerial responsibilities / person closely associated
a)	Name		a) Tim Hipperson b) Mark Horrocks c) Simon Leathers
2		Reason for the notification
a)	Position/status		a) Chairman b) Non-Executive Director c) Non-Executive Director
b)	Initial notification /Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Immedia Group Pc
b)	LEI		213800XSRH9SNN1EXX92
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		Warrants over ordinary shares of 10p each

	Identification code		GB0033881904

b)	Nature of the transaction		Issue of Warrants
c)	Price(s) and volume(s)
			Director	Issue Price(s)	Volume(s)
			Tim Hipperson Mark Horrocks Simon Leathers	£0.25 £0.25 £0.25	200,000 150,000 150,000

d)	Aggregated information

	- Aggregated volume		500,000

	- Price		£0.25

e)	Date of the transaction		19 February 2021
f)	Place of the transaction		Outside of a trading venue

For further information please contact:
Immedia Group Plc Tim Hipperson, Non-executive Chairman Ross Penney, Chief Executive	Tel: +44 (0) 1635 556200
SPARK Advisory Partners Limited (Nomad) Mark Brady Neil Baldwin	Tel: +44 (0) 203 368 3550
SP Angel Corporate Finance LLP (Broker) Abigail Wayne	Tel: +44 (0) 207 470 0470
Tooley Street Communications (IR & media relations) Fiona Tooley	Tel: +44 (0) 7785 703523

About Immedia Group Plc

Immedia Group Plc is a multi-media content and digital solutions provider to global businesses delivering audio visual communication services for brands.

The business provides 'live' branded channels to retail locations across the UK and Europe. Immedia's interactive audio channels deliver targeted original content via its own DreamStream-X platform with encrypted Dreamstream technology deployed in each location. Each channel is supported with powerful data analytics tools that monitor audience activity and provide data to enable Immedia to further enhance audience engagement.

In addition, Immedia creates original audio production and video content as well as 3D animation and the supply, installation and maintenance of audio visual equipment.

Immedia clients include Shell, Subway, BP, Nationwide Building Society, JD Sports, Weir, BMW, IKEA, and FIFA.

To read more about the business, visit www.immediaplc.com or email us on [email protected]

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RNS metadata

Title: PDMR Dealings; Grant of Options, Issue of Warrants
Time: 09:36:01
Date: 22 Feb 2021
Category: Director/PDMR dealings
ID: 8754P