Overview

IMImobile is a cloud communications software and solutions provider that enables companies to use mobile and digital technologies to improve customer experience and engagement.

IMImobile’s cloud software platform manage overs 42 billion messages and 44 billion commerce transactions a year across the world. Organisations that trust us to deliver smarter digital customer engagement include Centrica, AA, O2, EE, BT, Foxtons, Pizza Hut, Vodafone, AT&T, MTN, three of the major retail banks in the UK and public sector organisations in India, US and the UK.

IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg and has over 1,000 employees worldwide. IMImobile is quoted on the London Stock Exchange’s AIM market with the TIDM code IMO.

Annual Report & Financial Statements 31st March 2017

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AIM Rule 26

Company Information

Please click here for a Business Description.
Please click here for Management Information & Board of Directors.
Please click here for details of the Company’s advisers.

Company Announcements, Reports and Circulars

Please click here for Regulatory Announcements.
Please click here for current Constitutional Document.
Please click here for the Company’s Admission Document.
Please click here to see when results and presentations will be released according to the financial calendar.

Share Information

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Please click here for Securities in Issue & Restrictions.
Please click here for information Incorporation & Operation.
Please click here for details of any other exchange or trading platforms.

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Board of Directors

Board of Directors

John Allwood

Non-Executive chairman

Jay Patel

Chief Executive Officer

Mike Jefferies

Chief Financial Officer

Vishwanath Alluri

Non-Executive Director and Founder

Simon Paul Blagden, CBE

Independent Non-Executive Director

Shyam Bhat

CTO and Founder

Regulatory Announcements

Announcements / Oct 26th 2018

Notification of major holdings

Standard form for notification of major holdings.    
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Announcements / Oct 25th 2018

Notification of interim results

IMImobile PLC will be announcing the Company’s Interim Results for the six months ended 30 September 2016 on Tuesday 20 November 2018.    
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Announcements / Oct 9th 2018

Notification of major holdings

Standard form for notification of major holdings.    
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Announcements / Sep 26th 2018

Result of AGM

IMImobile PLC is pleased to announce that at the Annual General Meeting held at 10 am today, 26September 2018, all resolutions put before the meeting were duly passed.
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Announcements / Sep 5th 2018

Notification of major holdings

Standard form for notification of major holdings.    
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Announcements / Sep 4th 2018

Notice of AGM announcement

The Annual General Meeting (“AGM”) relating to the Company’s financial year ended 31st March 2018, will be held at 10.00 a.m. on Wednesday 26th September 2018.    
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Results and Presentations

Results & Presentations / Aug 28th 2018

Annual Report - 2018

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Results & Presentations / Jun 27th 2018

Preliminary Results Year Ended 31 March 2018 (Presentation)

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Results & Presentations / Nov 21st 2017

Interim Results - Ended 30 September 2017 (Presentation)

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Results & Presentations / Aug 6th 2017

Annual Report - 2017

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Results & Presentations / Jun 28th 2017

Results year ended 31 March 2017 (Presentation)

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Results & Presentations / Nov 15th 2016

Interim Results - Ended 30 September 2016 (Presentation)

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Corporate Governance

The Board of Directors of IMImobile PLC (“IMImobile”, the “Company” or the “Group”) recognises the importance of good corporate governance and is committed to ensuring that an effective and appropriate framework exists in the Group. The Board has adopted the QCA Corporate Governance code and has applied the principles having considered the size and complexity of the Group’s operations as well as best practice for an AIM listed company.

The QCA Corporate Governance code is constructed under ten broad principles; these principles ensure that companies are committed to delivering growth in long-term shareholder value, that the company has an effective and dynamic management framework accompanied by good communication which promotes confidence and trust.

Delivering Growth

1. ‘Establish a strategy and business model which promote long-term value for shareholders.’

IMImobile’s business model and strategy is outlined on a yearly basis in the Chief Executive’s report in the Company’s Annual Report. This report analyses performance across the Group on a regional basis and outlines any particular issues that have impacted growth in the past year.  Our growth strategy has remained relatively consistent over the last few years focussing on four main areas which are outlined in our latest financial results presentation:

  • Grow share of interactions from existing customers;
  • Accelerate organic growth via channel partners;
  • Introduce new technologies and invest in our Intellectual Property (“IP”); and
  • Make acquisitions which provide further distribution of the Group’s IP

 

In addition, the principal risks and uncertainties identified by the Board to the successful delivery of the Company’s strategy, together with the principal controls in place to mitigate those risks, are set out on Pages 21 – 23  of the Annual Report. The Board reviews the Company’s risk register at each full Board meeting.

2. ‘Seek to understand and meet shareholder needs and expectations.’

The Company engages in full and open communication with both institutional and private investors and responds promptly to all queries received. Investors and shareholders are encouraged to make contact with the Company by contacting our advisors https://imimobile.com/investor-relations/#advisers-and-registrars or submitting enquiries via the Company’s website https://imimobile.com/contact/.

In conjunction with the Company’s brokers and other advisors, all relevant news is distributed in a timely fashion through appropriate channels to ensure shareholders are able to access material information on the Company’s progress.

To facilitate this:

  • All shareholders are invited to attend the Annual General Meeting (“AGM”) and are encouraged to take the opportunity to ask any questions they may have.
  • The primary point of contact for shareholders on operational matters is Jay Patel as CEO and Mike Jefferies as CFO.
  • The primary point of contact for shareholders on corporate governance and other related matters is John Allwood as Chairman.

 

The executives meet regularly with shareholders, usually, immediately after the Company’s half year and full year financial results announcements, these meetings are used to discuss the Group’s performance and answer any questions they may have. The Board monitors feedback from these meetings through anonymous evaluations from both shareholders and analysts co-ordinated by the Company’s advisors.

The Company’s website www.imimobile.com has a section for investor relations which contains all publicly available financial information and news on the Company.

3. ‘Take into account wider stakeholder and social responsibilities and their implications for long-term success’

The Company reports on its Corporate Social Responsibility in the Annual Report. At IMImobile, we are committed to operating at the highest ethical standards and with integrity. We are proud to be a partner of the UN Global Compact initiative, committed to adopting sustainable, socially responsible policies and adherence to their universal principles on human rights, labour practices, the environment and anti-corruption. We care deeply about the impact that we have on our employees, our customers and the wider community.

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4. ‘Embed effective risk management, considering both opportunities and threats throughout the organisation.’

The Board has overall responsibility for managing risk. Risks are formally identified and recorded in the Company’s risk register, which is reviewed by the Board at each full board meeting. Risks are evaluated based on likelihood and potential impact, including any change from the prior year, and the adequacy of current mitigating controls to reduce risk is reviewed during the meeting. The Board do not consider there to have been any significant changes in the severity of the risks during the year.

The principal risks and uncertainties of the Group are set out in the Company’s Annual Report. For details please follow this link:

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Maintaining a Dynamic Management Framework

5. ‘Maintain the Board as a well-functioning, balanced team led by the Chair’

The Board of IMImobile have a collective responsibility and legal obligation to promote the interests of the Company. The Board is committed to ensuring that an effective and appropriate corporate governance framework exists in the Group, given the size and complexity of the Group’s operations. Details of the composition of the Board and the Company’s board committees, being the audit committee, remuneration and nomination committees are set out in the following links: https://imimobile.com/investor-relations/#board-of-directors and  https://imimobile.com/investor-relations/#corporate-governance

6. ‘Ensure that between them the directors have the necessary up-to-date experience skills and capabilities.’

The composition of the Board has been designed to provide a variety and balance of different skill sets, this includes significant experience in:

  • Technological innovation;
  • Media & Telecoms sectors;
  • Entrepreneurial culture;
  • Acquisitions;
  • Senior financial qualifications; and
  • Other listed PLC companies.

 

Through this extensive experience, the Board and individual Directors are well-positioned to set out the strategic aims of the Company, drive and uphold the Group’s values and ethical standards as well as minting their obligations to shareholders interests.

The Board is also supported by an experienced and capable operational leadership team across the Group who operate within a clearly laid out framework of devolved decision-making.

For details of the biographies of the Board please click here. https://imimobile.com/investor-relations/#board-of-directors

7. ‘Evaluate the board performance based on clear and relevant objectives, seeking continuous improvement’

The Board has concluded that its performance in the years since the Company listed on AIM has been satisfactory.

The Board has also agreed that in the current year and each year thereafter it will undertake a formal evaluation, in the form of a detailed questionnaire to be completed by each Director. This review will include an evaluation of the performance of individual Directors including the Chairman and the individual committees.

Under the Company’s Articles of Association at every Annual General Meeting, at least one-third of the Directors are required to retire and may be proposed for re-election.

8. ‘Promote a corporate culture that is based on ethical values and behaviours.’

The culture across the Group is one born out of respect for and collaboration between colleagues, customers and partners. Employees are actively encouraged to share their views with management of the Group across several different mediums from employee engagement surveys to anonymous online feedback tools to ‘town-hall’ style forums where updates are shared on progress across the Group, strategic initiatives and business objectives.

IMImobile is proud to be a partner of the UN Global Compact Initiative. The Company is committed to adopting sustainable, socially responsible policies and adherence to their universal principles on human rights, labour practices, the environment and anti-corruption. The Corporate Social Responsibility section in the Annual report outlines how we conduct our business and our consideration towards our employees, the wider community and the environment.

9. ‘Maintain governance structures and processes that are fit for purpose and support good decision-making by the board.’

The Board has established clearly defined and well-understood roles for all members of the Board. The Chairman, John Allwood, is responsible for the leadership of the Board, ensuring its effectiveness and setting its agenda. Once strategic and financial objectives have been agreed by the Board, it is the Chief Executive Officer, Jay Patel’s, responsibility to ensure they are delivered upon.

The Non-Executive Directors provide a sounding board to the Chairman as well as providing an additional channel of contact for shareholders, other directors or employees, if the need arises. There is regular communication between Executive and Non-Executive Director’s including, when required, matters requiring attention prior to the next Board meeting.

The members and roles of the committees of the Company can be found by clicking here:

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Building Trust

10. ‘Communicate how the company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders.’

The Directors make themselves available to meet with, answer questions from and provide updates to shareholders in several different forums, including investor roadshows, ad-hoc meetings, product and company updates held at the Company’s head office and various events for smaller shareholders.

Updates on trading and newsworthy progress are provided across various communications channels, and updated on the Company’s website from time to time.

The Board also welcomes enquiries from shareholders via its advisors https://imimobile.com/investor-relations/#advisers-and-registrars or through the Company’s website https://imimobile.com/ and welcomes shareholders who wish to attend its AGM and hear more about the Company’s governance or progress.

Constitutional Document

Constitutional Document / Jun 24th 2014

Articles of Association

Please click here to download the Articles of Association.
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Admission Document

Admission Document / Jun 27th 2015

Admission Document

Please click here to download the Admission Document.
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Financial Calendar

Financial Calendars / Oct 25th 2018

Interim Results (September 2017)

20th November 2018
Financial Calendars / Aug 28th 2018

Notice of Annual General Meeting (September 2018)

26th September 2018
Financial Calendars / Jul 5th 2018

Preliminary Results (March 2018)

26th June 2018
Financial Calendars / Nov 9th 2017

Interim Results (September 2017)

8th December 2017
Financial Calendars / Jul 5th 2017

Preliminary Results (March 2017)

05th July 2017
Financial Calendars / Nov 9th 2016

Interim Results (September 2016)

9th December 2016

Major Shareholders

The Company’s issued share capital consists of 65,334,229 ordinary shares with a nominal value of 10p each (“Ordinary Shares”), each share having equal voting rights.

The Company does not hold any Ordinary Shares in treasury and therefore the number of Ordinary Shares with voting rights is 65,334,229.

The following interests of directors or shareholders in excess of 3% have been notified to the Company:

Ordinary shares of
10 pence each (Number)
Percentage of ordinary
shares of 10 pence each
Percentage of total
voting rights
Liontrust Investment Partners LLP 13,332,788 20.4% 20.4%
Canaccord Genuity Group Inc 7,948,064 12.2% 12.2%
Viswanatha Alluri** 6,141,957 9.4% 9.4%
Kestrel Partners LLP 4,645,405 7.1% 7.1%
Gresham House Strategic Plc* 3,987,392 6.1% 6.1%
Jayesh Patel 3,632,500 5.6% 5.6%
Merian Global Investors (UK) Ltd 3,380,763 5.2% 5.2%
Otus Capital Management L.P 3,114,617 4.8% 4.8%
Brown Shipley & Co Limited 3,073,491 4.7% 4.7%
Shyamprasad Bhat 670,012 1.0% 1.0%
Mike Jefferies 113,424 0.2% 0.2%
John Allwood 10,000 0.0% 0.0%

 

In accordance with AIM Rule 26 in so far as the Company is aware, the percentage of the Company’s issued share capital that is not in public hands is 16.2%.

The Company is subject to UK City Code on Takeovers and Mergers.

Last updated on 26 October 2018

*combined holding of Gresham House Strategic PLC and Public Equity Fund LP

**Viswanatha Alluri owns shares via Tarimela Advisors Private Limited

 

Share Information

NUMBER OF AIM SECURITIES IN ISSUE

Please click here for the number of securities in issue, the number of securities held as treasury shares and, insofar as the Company is aware, the percentage of securities that is not in public hands together with the identity and percentage holdings of significant shareholders.

DETAILS OF ANY RESTRICTIONS ON THE TRANSFORM OF AIM SECURITIES

No Ordinary Shares are currently held as treasury shares and there are currently no restrictions on the transfer of Ordinary Shares.

COUNTRY OF INCORPORATION AND MAIN COUNTRY OF OPERATION

Country of Incorporation: England
Company registration number: 08802718
Main Country of Operation: United Kingdom

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORMS

The Company is not listed on any other exchanges or trading platforms.

Advisers and Registrars

Nominated Advisers

Investec Bank
30 Gresham Street
London, EC2V 7QN

Joint Brokers

Investec Bank
30 Gresham Street
London, EC2V 7QN

Whitman Howard Limited
1st Floor Connaught House,
1-3 Mount Street, London, W1K 3NB

Lawyers to the Group

Bracher Rawlins LLP
77 Kingsway, London, WC2B 6SR

Auditors

Deloitte LLP
2 New Street Square
London, EC4A 3BZ

Financial PR

Redleaf Communications
Sky Light City Tower, 50 Basinghall Street, London EC2V 5DE

Registrars

Capita Asset Services
34 Beckenham Road
Beckenham, BR3 4TU

IR Contacts

For financial media and investor relations enquiries please contact:

Redleaf Communications Ltd

Charlie Geller (Director)

Sky Light City Tower, 50 Basinghall Street, London EC2V 5DE

+44 (0)20 7382 4747
IMIMobile@redleafpr.com