IMImobile enables organisations to maximise the potential of mobile technologies to improve customer engagement. We believe that mobile will sit at the heart of customer engagement strategies for many years to come.
We help remove the barriers and complexities faced by organisations by providing a cloud based communications platform and a suite of software products to help our customers rapidly create and deploy mobile user journeys that enable them to reduce service delivery costs, improve marketing and customer service effectiveness and generate revenues.
Our technologies act as an intelligent software layer between existing IT systems, complex business processes and customer touch points across mobile, digital and social media channels.
Organisations that trust us to deliver smarter customer engagement include Vodafone, O2, Aircel, Airtel, EE, BSNL, AT&T, MTN, France Telecom, Centrica, Betfair, Universal Music, Tata, the AA, the BBC and major financial institutions.
IMImobile is headquartered in London with offices in Hyderabad, Atlanta, Dubai and Johannesburg, with over 780 employees worldwide. IMImobile is quoted on the London Stock Exchange’s AIM market with the TIDM code IMO.
Annual Report & Financial Statements 31st March 2017READ NOW
AIM Rule 26
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Board of Directors
Board of Directors
John Allwood is a Non-Executive Director of TalkTalk Telecom Group plc and Independent Non-Executive Chairman of Adgorithms plc. He has spent his career in media and telecoms holding a number of senior positions including Chief Executive of Orange UK, Finance Director and Chief Executive of Mirror Group plc, Finance Director and COO of Mecom Group plc and Managing Director of Telegraph Media Group Limited. He is a governor of Exeter University.
John holds a B.A (Hons) in Economics and Statistics from Exeter University, as well as being a fellow of the Institute of Chartered Accountants of England and Wales.
Chief Executive Officer
Jay is the CEO of IMImobile and has been working with the Company for 14 years, initially as a venture capital investor but since 2010 as Managing Director of the Group and since 2013 as CEO. He has a wide range of operational and strategic experience in growing and selling high growth businesses. Jay has previously held executive positions at Spark Ventures, UBSWarburg and BSkyB. He is a qualified Chartered Accountant with KPMG and holds degrees from INSEAD and the London School of Economics.
Chief Financial Officer
Mike joined IMImobile in 2010 when it acquired WIN plc. Since then Mike has headed the group finance function. Before that he worked for Star Trac Inc, a US based manufacturer and distributor of commercial fitness equipment and previous to that for Whirlpool Corporation. Mike has a degree in accounting and finance and is a Chartered Management Accountant.
Vish founded IMImobile with a vision of harnessing India’s intellectual resources of India to develop an IPR centric technology company. While recognising the potential of the rapidly evolving mobile data space, Vish was aware that fast growth was needed to keep pace with ever changing technology. Vish therefore set out to build a company which would liberate mobile operators and media companies of technological complexities thus enabling them to realize their revenue potential.
Vish has extensive experience in technology and was previously involved in setting up an Indian hi-tech consumer services company in the healthcare sector. Vish is a Chartered Accountant.
Simon Paul Blagden, CBE
Independent Non-Executive Director
Simon, CBE, has over 20 years’ experience in the telecoms and IT industry, living and working in most regions of the world across a truly international career. Following 5 years at GEC Plessey as International Commercial Manager and then Country General Manager, Simon joined The Quante Group as UK Managing Director. In 1995, he joined Quante’s main board as International CEO, with operations in over 50 countries worldwide, and he led the sale of the company to 3M in 2000.
Simon was appointed a Member of The Order of The British Empire in 1997, and Commander of The Order of The British Empire in 2016 for services to industry. He is also non-executive Co-Chairman Fujitsu Telecommunications Europe Limited. He served as Chairman of the Supervisory Board at Pegg Capital AG. He served as Director of International Operations of Spescom Ltd and also served as Executive Director.
CTO and Founder
Bhat is a founder of the business and has more than twenty years’ of experience in engineering and new product development. He is responsible for the creation of all the engineering and mobile products and platforms. Bhat is an engineering graduate from the highly prestigious Indian Institute of Technology, Bombay.
Notice of AGM announcement
Form of ProxyDownload
Exercise of options
Result of General Meeting
Results and Presentations
Results year ended 31 March 2017 (Presentation)Download
Interim Results - Ended 30 September 2016 (Presentation)Download
Annual Report - 2016Download
Preliminary results year ended 31st March 2016Download
Interim Results - Ended 30 September 2015 (Presentation)Download
Annual Report - 2015Download
The Board fully supports the underlying principles of corporate governance contained in the Corporate Governance Code.
Although compliance with the Corporate Governance Code is not compulsory for AIM companies, the Board intends to apply the principles, in so far as is practicable and appropriate for a public company of its size and nature. The Board recognises its overall responsibility for the Group’s systems of internal control and for monitoring their effectiveness.
The main features of the Group’s corporate governance procedures, which do not constitute full compliance with the Corporate Governance or the QCA Guidelines, are as follows:
• The Board comprises six Directors, three of whom are Executive Directors and three of whom are Non-Executive Directors, reflecting a blend of different experience and backgrounds.
• The Board meets regularly to consider strategy, performance and the framework of internal controls of the Group. To enable the Board to discharge its duties, all Directors receive appropriate and timely information. Briefing papers are distributed to all Directors in advance of Board meetings.
• The Company has established an Audit and Risk Committee and a Remuneration Nomination Committee of the Board with formally delegated duties and responsibilities.
The audit committee has a primary responsibility for monitoring the Group’s internal controls and ensuring that the financial performance of the Group is properly measured and reported on. The committee receives and reviews reports from the Group’s management and auditors relating to the interim and annual accounts and the accounting and internal control systems in use throughout the Group. The audit committee meets at least twice a year and has unrestricted access to the Group’s auditors. The chairman of the audit committee is John Allwood and its other members are Vish Alluri and Simon Blagden.
Remuneration & Nomination Committee
The remuneration and nomination committee reviews the performance of the Executive Directors and makes recommendations to the Board on matters relating to their remuneration and terms of employment. The remuneration and nomination committee also makes recommendations to the Board on proposals for the granting of share options and other equity incentives pursuant to any share option scheme or equity incentive scheme in operation from time to time. The remuneration and nomination committee is also responsible for ensuring that the Board has a formal and transparent appointment procedure and has primary responsibility for reviewing the balance and effectiveness of the Board and identifying the skills needed by the Board and those individuals who might best provide them. The chairman of the remuneration committee is Simon Blagden and its other members are Vish Alluri and John Allwood.
Preliminary Results (March 2016)
Interim Results (September 2015)
Preliminary Results (March 2015)
Interim Results (September 2014)
Preliminary Results (March 2014)
The Company’s issued share capital consists of 61,312,451 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 61,312,451.
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
|Toscafund Asset Management LLP||11,365,987||18.5%||18.5%|
|Gresham House Strategic Plc*||9,452,854||15.4%||15.4%|
|Liontrust Investment Partners LLP||8,159,704||13.3%||13.3%|
|Kestrel Partners LLP||3,658,103||6.0%||6.0%|
|Otus Capital Management L.P||3,096,255||5.0%||5.0%|
|Brown Shipley & Co Limited||2,490,238||4.1%||4.1%|
|Pie Funds Management Ltd||2,160,000||3.5%||3.5%|
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 18.0%.
The Company is subject to UK City Code on Takeovers and Mergers.
Last updated on 17 August 2017
*combined holding of Gresham House Strategic PLC and Public Equity Fund LP
**Viswanatha Alluri owns shares via Tarimela Advisors Private Limited
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
30 Gresham Street
London, EC2V 7QN
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
2 New Street Square
London, EC4A 3BZ
4 London Wall Buildings, London EC2M 5NT
Capita Asset Services
34 Beckenham Road
Beckenham, BR3 4TU