Microgen PLC Award of Options (7851N)
11 August 2017 - 7:47PM
UK Regulatory
TIDMMCGN
RNS Number : 7851N
Microgen PLC
11 August 2017
11 August 2017
Microgen Plc (the "Company")
Grant of awards under the Company's Performance Share Plan 2016
("PSP")
On 10 August 2017 Microgen Plc granted awards in the form of
options over ordinary shares ("Ordinary Shares") under the PSP to
the following Directors. Each option has an exercise price per
Ordinary Share equal to the nominal value of an Ordinary Share.
Number of Ordinary
Shares over which
Director award granted
-------------- -------------------
SIMON BAINES 43,208
-------------- -------------------
TOM CRAWFORD 53,287
-------------- -------------------
PHILIP WOOD 46,485
-------------- -------------------
Each award has been granted subject to performance conditions
based on stretching targets relating to growth in Earnings Per
Share over a three year performance period starting with 2017 (as
regards 50% of each award) and the Company's Total Shareholder
Return over that performance period relative to the TSRs of the
constituents of the FTSE SmallCap Index (excluding investment
trusts) (as regards 50% of each award). Each award is subject to a
further performance condition that the extent of vesting reflects
the overall financial performance of the Company over the
performance period.
Each award will, ordinarily, vest on the second anniversary of
the date on which the Company's Remuneration Committee determines
the extent to which the performance conditions have been
satisfied.
Notification and public disclosure of transactions by PDMRs and
persons closely associated with them
1. Details of PDMR / person closely associated with them ("PCA")
--- -----------------------------------------------------------------------------------------------------------------
a) Name (i) Simon Baines
(ii) Tom Crawford
(iii) Philip Wood
--- -------------------------------------------------------- -------------------------------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position / status (i) Executive Director (CEO, Microgen Financial
Systems)
(ii) Executive Director (CEO, Aptitude Software)
(iii) Executive Director (Chief Financial Officer)
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification / amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3. Details of the issuer
--- -----------------------------------------------------------------------------------------------------------------
a) Name Microgen Plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 2138009VHA1WI2VKMA28
--- -------------------------------------------------------- -------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
--- -----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Ordinary shares of 6 3/7 pence each
instrument
--- -------------------------------------------------------- -------------------------------------------------------
b) Identification code GB000BVVHWX30
--- -------------------------------------------------------- -------------------------------------------------------
c) Nature of the transaction Grant of awards over Ordinary Shares under the
Company's Performance Share Plan 2016
--- -------------------------------------------------------- -------------------------------------------------------
d) Price(s) and Name Price(s) Volume(s)
volume(s) -------------- ---------- ----------
Simon Baines N/A 43,208
-------------- ---------- ----------
Tom Crawford N/A 53,287
-------------- ---------- ----------
Philip Wood N/A 46,485
-------------- ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
e) Aggregated information N/A
* Volume
* Price
--- -------------------------------------------------------- -------------------------------------------------------
f) Date of the transaction 10 August 2017
--- -------------------------------------------------------- -------------------------------------------------------
g) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
Name of contact: MARK HEATHER, COMPANY SECRETARY
Address of contact: OLD CHANGE HOUSE, 128 QUEEN VICTORIA STREET,
LONDON, EC4V 4BJ
Telephone number of contact: 020 7496 8100
www.microgen.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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