FONIX PLC

Transaction in Own Shares • May 12, 2022

National Storage Mechanism | Additional information

RNS Number : 1673L

Fonix Mobile PLC

12 May 2022

12 May 2022

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 11 May 2022 31,469 options were granted over ordinary shares of 0.1p each in Fonix (the "Options") to Michael Foulkes, Chief Financial Officer of the Company, as well as 273,779 options granted over ordinary shares to other Fonix employees (the "Eligible Employees") in accordance with the Company's Long Term Incentive Plan.

The Options have an exercise price of 143p, being the closing mid-market price the day before grant, and vest after 3-years in three equal instalments on 11 May 2025, 11 May 2026 and 11 May 2027. The Options granted align Mr. Foulkes and the Eligible Employees with shareholders by incentivising and rewarding the creation of shareholder value over the next 5 years.

Following the Long Term Incentive Plan grants to Eligible Employees including Michael Foulkes, the Company will have options outstanding over 1,503,008 shares, representing 1.50 per cent. of the Company's  issued share capital.

Enquiries

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

About Fonix

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce.

When consumers make payments, they are charged to their mobile phone bill. This service can be used for ticketing, content, cash deposits and donations. Fonix's service works by charging digital payments to the mobile phone bill, either via carrier billing or SMS billing. Fonix also offers messaging solutions.

Based in London, Fonix is a fast growth business used by blue chip clients such as ITV, Bauer Media, BT, Global Media, Comic Relief and Children in Need to name a few

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 Financial instrument, type of instrument

Options to subscribe for new ordinary shares of 0.1p each

Identification code

FNX  GB00BN789668

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Director	Exercise Price(s)	Volume(s)
M Foulkes	143p	31,469

d)

Aggregated information:

Aggregated volume

Price

See 4c) above

e)

Date of the transaction

11 May 2022

f)

Place of the transaction

Outside of a trading venue

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