("OMG" or the "Group")
OMG plc (LSE: OMG), the technology group providing Computer Vision products and services for the entertainment, life science, engineering industries and consumer electronics markets, announces that it was notified on 17 May 2016 that on 17 May 2016 Julian Morris, Deputy Chairman, transferred his entire shareholding of 9,459,320 ordinary shares of 0.25p each in the Company ("Ordinary Shares") from an account in his own name to himself and his wife Marilyn Morris as the trustees of The Appleton Trust (the "Trust"). The Trust has been established primarily for a class of potential beneficiaries including Julian Morris, Marilyn Morris and members of their family. Of the total Ordinary Shares transferred, 5,189,657 Ordinary Shares were transferred for nil consideration by way of a gift (the "Gift") and 4,269,663 Ordinary Shares were sold off-market to the Trust at a price of 44.5 pence per ordinary share, being the closing price on 16 May 2016 (the "Sale"). The full consideration due under the Sale of £1,900,000 has been left outstanding by way of loan from Julian Morris to the Trust.
Additionally, the Company was notified on 18 May 2016 that, in order to partially repay the debt owed to Julian Morris, the trustees of the Trust have on 18 May 2016 sold 1,340,000 Ordinary Shares at a price of 45 pence per Ordinary Share.
Following these transactions, Julian Morris' beneficial and non-beneficial interest in the Company's Ordinary Shares is 8,119,320 Ordinary Shares, representing 6.7% of the Company's total issued share capital.
For further information please contact:
OMG plc +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Appleton / Harry Staight
N+1 Singer (NOMAD to OMG) +44 (0) 20 7496 3000
Shaun Dobson / Jen Boorer
Notes to Editors
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing Computer Vision products and services for the entertainment, life science, engineering industries and consumer electronics markets.
The Group's technology is used globally to capture the movements of actors (for the movie industry), sportsmen and women (for video games or improving team performance), and children with cerebral palsy, rehab patients and animals (for medical, life science and research industries). The technology is also used for the management of highways and other forms of distributed infrastructure assets, such as lighting systems and other street furniture. Through this diverse offering the Group has earned its strong international reputation for precision from pixels and its unique expertise in imaging technology.
Founded in 1984, the Group is headquartered in Oxford, UK, and has two offices in the US and four in the UK. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three subsidiaries: Vicon, the world's largest motion capture and movement analysis company, Yotta, a provider of software and services for infrastructure asset management and OMG Life, our IP licensing business, which is focused on unlocking latent value in OMG's IP.
The Group's global clients spanning the worlds of science, medicine, sport, engineering, gaming, film and broadcast include: major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopedic Centre, Headley Court and Loughborough University, engineering industry leaders including: Ford Motor Company, BMW, Toyota and European Space Agency and in the entertainment sector; The Imaginarium, Sony, Industrial Light and Magic, Sega, Nintendo, UbiSoft, EA and Square Enix. In infrastructure asset management, clients include Highways England, East Sussex, Kent, Lancashire, Transport for London, UK Power Network, Cheshire East and West as well as many others.
This information is provided by RNS