TIDMCOG

RNS Number : 2556V

Cambridge Cognition Holdings PLC

02 November 2017

Cambridge Cognition Holdings Plc

('Cambridge Cognition' or the 'Company')

Grant of Options

The neuroscience digital health company Cambridge Cognition Holdings PLC (Cambridge, UK - LSE: COG), which develops and markets software products to improve brain health, announces that on 1(st) November 2017, the Company granted options ("Options") over a total of 50,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme to a Person Discharging Managerial Responsibilities ("PDMR") on behalf of the Company.

The 50,000 Options granted to the PDMR are exercisable at a price of 1 pence per Ordinary Share from three years following the date of award until the tenth anniversary of the date of award, subject to satisfying the following performance criteria:

- 55% of the Options granted will vest if the average closing mid-market price of an Ordinary Share for the final 10 trading days of 2018 is greater than 140 pence per Ordinary Share. A pro rata sliding scale will apply if the average closing mid-market price of an Ordinary Share for the final 10 trading days of 2018 is between 100 pence and 140 pence per Ordinary Share; and

- 45% of the Options granted will vest if the cumulative revenue of the Company reported in the audited accounts for the three financial years ended 31 December 2018 exceeds GBP23m.

Following the grant of Options, the total number of Options outstanding over unissued Ordinary Shares is 1,920,949, representing approximately 9.28% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                       Mark Miller-Holliday - Director 
                                  of International Sales and 
                                  Business Development 
---  -------------------------  -------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------- 
 a)   Position/status            See 1(a) above for position 
                                  - classified as a PDMR of 
                                  the Company 
---  -------------------------  -------------------------------- 
 b)   Initial notification/      Initial Notification 
       Amendment 
---  -------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                       Cambridge Cognition Holdings 
                                  Plc 
---  -------------------------  -------------------------------- 
 b)   LEI                        213800SZKDIN122EPA96 
---  -------------------------  -------------------------------- 
 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 grant of Options over 
       the Financial              Ordinary Shares on 1 November 
       instrument, type           2017 
       of instrument 
--- 
      Identification             GB00B8DV9647 
       code 
---  -------------------------  -------------------------------- 
 b)   Nature of the              Grant of Options over Ordinary 
       transaction                Shares 
---  -------------------------  -------------------------------- 
 c)   Price(s) and               Price: n/a 
       volume(s)                  Volumes: Mark Miller-Holliday 
                                  - 50,000 Options 
---  -------------------------  -------------------------------- 
 d)   Aggregated information:    n/a 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------  -------------------------------- 
 e)   Date of the transaction    1 November 2017 
---  -------------------------  -------------------------------- 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  --------------------------------

Enquiries

 
 Cambridge Cognition Holdings PLC 
 Steven Powell, Chief Executive         Tel: 01223 810 
  Officer                                700 
  Noah Konig, Director of Product        press@camcog.com 
  Marketing and Communications 
 
 finnCap Ltd (NOMAD and Joint Broker)   Tel: 020 7220 
                                         0500 
 Geoff Nash / Simon Hicks               (Corporate Finance) 
 Alice Lane                             (Corporate Broking) 
 Dowgate Capital Stockbrokers Limited   Tel: 020 3903 
  (Joint Broker)                         7715 
  David Poutney/ James Serjeant          (Corporate Broking) 
 
 IFC Advisory Limited (Financial        Tel: 020 3053 
  PR and IR)                             8671 
 Tim Metcalfe/ Graham Herring

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 02, 2017 03:00 ET (07:00 GMT)

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