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MOTIO LTD — Director's Dealing 2021
Apr 13, 2021
65390_rns_2021-04-13_1d1ff183-a1d8-4969-a10a-8a2cbd16fd8a.pdf
Director's Dealing
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April 14, 2021
Market Announcements Platform ASX Limited
Directors and Existing Shareholder Purchase 5m MXO Shares
Highlights
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All four Motio directors have together purchased a total of 4 million MXO shares in an off-market transaction from Swift Media Ltd at 10¢/share. 1 million MXO shares were purchased by an institutional investor and existing shareholder
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The remaining shares issued to Swift Media Ltd for the purchase of Medical Channel Pty Ltd are subject to a voluntary 18 month escrow period
Motio Limited (ASX:MXO) (“Motio” or the “Company”) is pleased to advise that all four Motio directors have together purchased a total of 4 million MXO shares from Swift Media Limited (“Swift”) at 10¢ per share in an off-market transaction. In addition, 1 million shares were purchased by an institutional investor and long term supporter of the Company.
This represents the portion of consideration shares for the purchase of Medical Channel Pty Ltd that were not subject to escrow conditions but that were permitted to be sold by Swift off-market.
All remaining consideration shares issued to Swift remain subject to an 18 month voluntary escrow period. Please see the acquisition announcement (31/3/21) for further details on the escrow conditions.
Appendix 3Ys detailing the purchases will be filed with the ASX shortly.
ENDS
Media & Investor relations Adam Cadwallader Managing Director Motio Limited
ABOUT MOTIO LIMITED
Motio is a leading Digital Place-Based & Location Intelligence media company. It is focussed on creating memorable brand and customer experiences across its expansive digital marketing environments. Its networks leverage long dwell time locations, delivering powerful, contextual connections to audiences, underpinned with first party data and location intelligence technology.
Motio Limited (ACN 147 799 951) Level 8, 99 St Georges Terrace, PERTH WA 6000