FNX Fonix Mobile Plc

TIDMFNX

RNS Number : 0107V

Fonix Mobile PLC

09 April 2021

9 April 2021

Fonix Mobile plc

("Fonix" or the "Company")

Grant of Options

Director/PDMR Shareholding

Fonix Mobile plc (AIM: FNX), the UK focused mobile payments and messaging company, announces that on 8 April 2021 the Company issued a total of 64,426 options to subscribe for new ordinary shares of 0.1p each in the Company (the "Options") under the Company's Long Term Incentive Plan to Michael Foulkes, the newly appointed Chief Financial Officer of the Company. The Options have an exercise price of 178.5p , being the closing mid-market price the day before grant, and vest after 3 years on 8 April 2024. The Options form part of Mr. Foulkes contractual remuneration agreed on appointment and align Mr. Foulkes with shareholders by incentivising and rewarding the creation of shareholder value over the next 3 years.

Enquiries

 
 Fonix Mobile plc                                  Tel: +44 20 8114 
  Robert Weisz, CEO                                            7000 
  Michael Foulkes, CFO 
                                                   Tel: +44 20 7220 
   finnCap Ltd (Nomad and Broker)                              0500 
   Jonny Franklin-Adams / Giles Rolls (Corporate 
   Finance) 
   Alice Lane / Sunila de Silva (ECM) 
 

About Fonix

Fonix is a UK focused mobile payments and messaging company, enabling businesses to charge users' mobile bills and send users SMSs via their mobile carrier.

Founded in 2006, Fonix allows mobile carriers to provide additional services in the form of carrier billing, SMS billing, messaging and voice shortcodes. Fonix has over 120 clients including ITV, Bauer Media, BT, Global Radio and BBC Children in Need across a range of multi-billion pound sectors such as media, gaming, charity, ticketing and digital services. Fonix offers clients access to the customer base of the mobile carriers.

Fonix is headquartered in London and currently has a UK focused strategy, differentiating it from its competitors by allowing it to focus on high quality revenues in mature and highly regulated market sectors. It is a tier 1 aggregator with direct technical connections to all of the major UK MNOs, some of whose contracts have been in place for over 10 years. The long-term nature of these contracts has resulted in Fonix gaining access to over 95 per cent. of the UK mobile consumer audience and a strong reputation in the 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                             Michael Foulkes 
     -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                             Fonix Mobile plc 
     -------------------------------  -------------------------------------- 
 b)   LEI                              213800GBZCWQ7HR2ZE92 
     -------------------------------  -------------------------------------- 
 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 to subscribe for new ordinary 
       Financial instrument,            shares of 0.1p each 
       type of instrument 
      Identification code              FNX GB00BN789668 
     -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Grant of options 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)           Director     Exercise    Volume(s) 
                                                      Price(s) 
                                        M Foulkes    178.5p      64,426 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          8 April 2021 
     -------------------------------  -------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  -------------------------------------- 
 

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END

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April 09, 2021 07:00 ET (11:00 GMT)

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