TIDMXLM

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    Total options 
                                  Options granted    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        Initial 
       /Amendment 
     --------------------------  -------------------------------------------- 
 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          Options over ordinary shares of USD0.000001 
       financial instrument,       each 
       type of instrument 
 
       Identification code         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          920,223 
 
       - Price                      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            Tel: 020 7390 0233 
   Henson / Simon Woods www.vigocomms.com 
  Cenkos Securities plc (Nomad and Joint               Tel: 020 7397 8900 
   Broker) Giles Balleny / Max Gould www.cenkos.com 
  Berenberg (Joint Broker) Chris Bowman                Tel: 020 3207 7800 
   / Mark Whitmore / Simon Cardron www.berenberg.com

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.

END

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November 04, 2019 05:00 ET (10:00 GMT)

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