22 December 2016

Establishment of Employee Benefit Trust


Fusionex International PLC

('Fusionex' or 'the Company')

Establishment of Employee Benefit Trust

Fusionex, a multi-award winning international software solutions provider specialising in Big Data Analytics, Artificial Intelligence and the Internet of Things ('IoT'), announces that an employee benefit trust, the Fusionex Employee Benefit Trust ('EBT'), has been set up to incentivise employees of the Company and its subsidiaries through the award of a specified number of ordinary shares in the capital of the Company ('Awards').

The Awards shall not be granted to contractors or the directors of the Company, and shall be subject to vesting and performance conditions.

It is proposed that the EBT will subscribe for 7,095,000 new ordinary shares in the capital of the Company ('New Ordinary Shares').

Application will be made for the New Ordinary Shares to be admitted to trading on AIM, and it is anticipated that admission will become effective on or around 30 December 2016. Following admission, the Company's issued share capital will consist of 54,395,000 ordinary shares. There are no shares in the capital of the Company held as treasury shares.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

  • Fusionex

    Ivan Teh, Chief Executive Officer
    Yuen Choong Lai, Chief Financial Officer
    Darren Hopkins, Director of Investor Relations & Corporate Development


  • Panmure Gordon (Nominated Adviser and Joint Broker)

    Andrew Godber, Alina Vaskina (Investment Banking)
    Charles Leigh-Pemberton (Corporate Broking)


  • Peel Hunt LLP (Joint Broker)

    Richard Kauffer, Euan Brown


  • Buchanan

    Sophie McNulty, Stephanie Watson, Patrick Hanrahan

Market abuse regulation

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.


Fusionex International plc published this content on 22 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 December 2016 11:38:08 UTC.

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