Cambridge Cognition Holdings PLC Director/PDMR Shareholding (9410M)
03 May 2018 - 4:00PM
UK Regulatory
TIDMCOG
RNS Number : 9410M
Cambridge Cognition Holdings PLC
03 May 2018
Cambridge Cognition Holdings Plc
('Cambridge Cognition' or the 'Company')
Grant of Options
The digital neuroscience company Cambridge Cognition Holdings
plc (AIM: COG, 'the Company'), which develops and markets software
products to assess brain health, announces that on 2 May 2018, the
Company granted options ("Options") over a total of 404,500
ordinary shares of 1 pence each in the capital of the Company
("Ordinary Shares") pursuant to the Company's EMI option scheme and
the Company's unapproved option scheme.
Of these Options:
- 225,000 were granted to Persons Discharging Managerial
Responsibilities ("PDMRs") on behalf of the Company; and
- 179,500 were granted to other employees of the Company.
The 225,000 Options granted to PDMRs together with 170,500 of
the 179,500 Options granted to other employees 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 2019 is greater than 170 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 2019 is between
130 pence and 170 pence per Ordinary Share; and
- 45% of the Options granted will vest if the Company reports a
post-tax profit in the audited accounts in both of the two
financial years ended 31 December 2018 and 31 December 2019. If
this is achieved in only one of these years, then 10% of the
Options will vest.
The remaining 9,000 Options are exercisable at a price of 1
pence per Ordinary Share from two years following the date of award
until the tenth anniversary of the date of award. All of these
Options are granted over shares already in issue and held by
Cambridge Cognition Trustees Limited on behalf of the Employee
Benefit Trust.
Following the grant of Options, the total number of Options
outstanding over unissued Ordinary Shares is 2,198,106,
representing approximately 10.62% 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) Names Steven Powell - Chief Executive Officer
Nicholas Walters - Chief Financial
Officer
Jennifer Barnett - Chief Scientific
Officer
Mark Miller-Holliday - Director of
International Sales and Business Development
Ricky Dolphin - Technical & Operations
Director
-------------------------- ----------------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs 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 In each case, the grant of Options
Financial instrument, over Ordinary Shares on 2 May 2018
type of instrument
Identification code GB00B8DV9647
-------------------------- ----------------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
-------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Steven Powell - 100,000 Options
Nicholas Walters - 25,000 Options
Jennifer Barnett - 25,000 Options
Mark Miller-Holliday - 50,000 Options
Ricky Dolphin - 25,000 Options
-------------------------- ----------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
-------------------------- ----------------------------------------------
e) Date of the transaction 2 May 2018
-------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014
Enquiries
Cambridge Cognition Holdings PLC
Steven Powell, Chief Executive Officer Tel: 01223 810 700
Nick Walters, Chief Financial Officer
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)
Dowgate Capital Stockbrokers Limited (Joint Tel: 020 3903 7715
Broker)
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial PR and IR) Tel: 020 3934 6630
Graham Herring/ Miles Nolan/ Zach Cohen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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