OnMobile Global Limited has informed the Exchange regarding Outcome of Board Meeting held on Tuesday, June 24, 2025.
ONMOBILE · price
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The Board of OnMobile Global, at its meeting on June 24, 2025, approved a rental agreement between Jessica Welch (spouse of Executive Chairman & CEO François Charles Sirois) and the company's wholly-owned subsidiary, OnMobile Global Spain S.L. The agreement is for the subsidiary's guest house purpose. Key terms include a security deposit of 12,500 Euros, monthly rent of 12,500 Euros, a 60-month duration, and a minimum 3-year lock-in period (cancellable with 60 days' notice after lock-in). The listed entity itself is not a party to the agreement, and the transaction qualifies as a related party transaction done at arm's length. There is no direct impact on management or control of the company, and no restriction or liability is imposed on the listed entity.
This is a routine related party disclosure for a small rental arrangement (12,500 Euros/month) involving the CEO's spouse and a foreign subsidiary, with no material impact on OnMobile's financials, management, or control. Shareholders are unlikely to see any meaningful effect on the stock price from this announcement.