Back to all announcements

DJ Imperial X Plc Exercise of Warrants and Director's Shareholding

 
TIDMIMPP 
 
19 June 2020 
 
                                Imperial X Plc 
                         ("Imperial" or the "Company") 
 
               Exercise of Warrants and Director's Shareholding 
 
                          Replacement Options Granted 
 
Exercise of Warrants 
 
The Directors of Imperial X Plc are pleased to announce that a total of 
4,774,686 ordinary shares of 0.1p each have been issued following a warrant 
exercise. The total funds raised of GBP47,746.85 will be used for general working 
capital purposes. 
 
Application will be made for the 4,774,686 ordinary shares to be admitted to 
trading on the AQSE Growth Market and it is expected that admission will occur 
on or around 24 June 2020. 
 
Melissa Sturgess, non-executive director, and her family members have exercised 
3,700,380 warrants of the 4,774,686 ordinary shares to be issued pursuant to 
the warrant exercise. Following the issue of ordinary shares Melissa Sturgess 
and family members will be interested in 5,300,000 ordinary shares, 
representing 9.36 per cent. Of the enlarged issued share capital. 
 
Replacement Options 
 
On 13 January 2017, a total of 5,000,000 share options were issued to James 
Hamilton and Russell Hardwick, previous directors of the Company, exercisable 
at 4 pence per share. These share options that were due to expire in January 
2022 have now been surrendered and replaced with the grant of share options 
over 5,050,000 ordinary shares ("New Options"). The New Options will have an 
exercise price of 2.5 pence per share. They will vest immediately upon listing 
of the Company's  ordinary shares on the Standard Segment of the London Stock 
Exchange (Admission), for James Hamilton and Russell Hardwick. The other New 
Options will vest in 24 equal monthly instalments, commencing, from 1 June 
2020, and will vest in full 24 months following the Vesting Commencement Date 
of 1 June 2020. The New Options will have a life of 10 years from vesting. The 
full list of the people being granted New Options are as follows: 
 
       James Hamilton                                    400,000 
 
       Russell Hardwick                                  400,000 
 
       Melissa Jospehine Sturgess                        500,000 
 
       Emma Priestley                                    500,000 
 
       Kyler Hardy                                       1,500,000 
 
       Kyle Hookey                                       500,000 
 
       David Robinson                                    500,000 
 
       Rod Whyte                                         350,000 
 
       Campbell Smythe                                   400,000 
 
       Total                                             5,050,000 
 
On issue of the ordinary shares, the Company's enlarged issued capital consists 
of 56,631,212 Ordinary Shares of 0.1p per share with voting rights. This number 
may be used by shareholders, following the placing, as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change in interest in, the share capital of the Company under 
the Financial Conduct Authority's Disclosure and Transparency Rules. 
 
The Directors of the Company accept responsibility for the content of this 
announcement. 
 
For further information please contact: 
 
Imperial X Plc 
Kyler Hardy 
Tel: +1 250 877 1394 
khardy@cronincapital.com 
 
Peterhouse Capital Limited 
Guy Miller 
Tel: +44 20 7220 9795 
 
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                          Melissa Sturgess 
 
2  Reason for the notification 
 
a) Position/status               PDMR, non-executive director 
 
b) Initial notification /        Initial notification 
   Amendment 
 
3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Exercise of warrants 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 1p                     3,700,380 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       10 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
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                          Melissa Sturgess 
 
2  Reason for the notification 
 
a) Position/status               PDMR, non-executive director 
 
b) Initial notification /        Initial notification 
   Amendment 
 
3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Grant of options 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 2.5p                   500,000 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       1 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
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                          Emma Priestly 
 
2  Reason for the notification 
 
a) Position/status               PDMR, non-executive director 
 
b) Initial notification /        Initial notification 
   Amendment 
 
3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Grant of options 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 2.5p                   500,000 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       1 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
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                          Kyle Hookey 
 
2  Reason for the notification 
 
a) Position/status               PDMR, non-executive director 
 
b) Initial notification /        Initial notification 
   Amendment 
 
3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Grant of options 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 2.5p                   500,000 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       1 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
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                          David Robinson 
 
2  Reason for the notification 
 
a) Position/status               PDMR 
 
b) Initial notification /        Initial notification 
   Amendment 
 

(MORE TO FOLLOW) Dow Jones Newswires

June 19, 2020 04:39 ET (08:39 GMT)

DJ Imperial X Plc Exercise of Warrants and -2-

3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Grant of options 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 2.5p                   500,000 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       1 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
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                          Kyler Hardy 
 
2  Reason for the notification 
 
a) Position/status               PDMR, Chief-Executive Officer 
 
b) Initial notification /        Initial notification 
   Amendment 
 
3  Details of the issuer, emission allowance market participant, auction 
   platform, auctioneer or auction monitor 
 
a) Name                          Imperial X Plc 
 
b) LEI                           213800ZLZVEPOS7YID88 
 
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  Ordinary shares of 0.1 pence each in 
   instrument, type of           Imperial X Plc 
   instrument 
   Identification code           Identification code (ISIN) for Imperial X 
                                 Plc ordinary shares: GB00B44LQR57 
 
b) Nature of the transaction     Grant of options 
 
c) Price(s) and volume(s)         Price(s)              Volume(s) 
 
                                 2.5p                   1,500,000 
 
d) Aggregated information        N/A 
   - Aggregated volume 
   - Price 
 
e) Date of the transaction       1 June 2020 
 
f) Place of the transaction      NEX Exchange Growth Market 
 
 
 
END 
 

(END) Dow Jones Newswires

June 19, 2020 04:39 ET (08:39 GMT)