Derek Hill Exercise of Share Options
IXICO (AIM: IXI) announces that Derek Hill, CEO, has exercised 1,900 founder options under the IXICO Technologies Limited Unapproved Share Option Scheme (the "Scheme"). Under the terms of the Scheme the new shares issued and allotted in IXICO Technologies Limited are subject to a put and call arrangement resulting in the Company issuing and allotting 29,773 new ordinary shares of 1 pence each in IXICO plc (the "New Ordinary Shares").
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to be effective on 30 September 2016 and, when issued, the New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Following the admission to trading of the New Ordinary Shares, IXICO will have 26,473,191 ordinary shares of 1 pence each in issue. The Company does not hold any shares in treasury. Consequently, 26,473,191 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Inspired under the FCA's Disclosure and Transparency Rules.
Derek Hill, CEO
Susan Lowther, CFO
+44 20 3763 7499
Peel Hunt LLP (Nominated Adviser and Broker)
+44 20 7418 8900