Cambridge Cognition Holdings PLC Grant of Options (8708R)
01 November 2019 - 3:17AM
UK Regulatory
TIDMCOG
RNS Number : 8708R
Cambridge Cognition Holdings PLC
31 October 2019
Cambridge Cognition Holdings Plc
('Cambridge Cognition' or the 'Company')
Grant of Options
Cambridge Cognition Holdings plc (AIM: COG), which develops and
markets digital solutions to assess brain health, announces that on
30 October 2019, the Company granted options ("Options") over a
total of 755,215 ordinary shares of 1 pence each in the capital of
the Company ("Ordinary Shares") pursuant to the Company's EMI
option scheme (the "Grant").
Of these Options:
- 750,715 were granted to Persons Discharging Managerial
Responsibilities ("PDMRs") on behalf of the Company, as
follows:
Name Role Number of Total Total Percentage
Options granted number number of the
of options of Ordinary current
held following Shares issued
the Grant held share
capital
held
Chief Executive
Matthew Stork Officer 392,858 392,858 50,000 0.21%
------------------ ----------------- ---------------- ------------- -----------
Chief Technology
Ricky Dolphin Officer 98,213 172,113 - -
------------------ ----------------- ---------------- ------------- -----------
Jennifer Chief Scientific
Barnett Officer 90,000 141,500 7,213 0.03%
------------------ ----------------- ---------------- ------------- -----------
Director of
Malcolm Gates Group Finance 89,287 140,787 - -
------------------ ----------------- ---------------- ------------- -----------
Global Head
of Clinical
Fiona Cree Science 80,357 80,357 - -
------------------ ----------------- ---------------- ------------- -----------
- 4,500 were granted to other employees of the Company.
All of the Options granted to PDMRs are exercisable at a price
of 28 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:
- 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 100 pence, with the price on the last day of that period
being at least 90 pence, and the last day of this period being no
later than 30 September 2022; and
- 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 150 pence, with the price on the last day of that period
being at least 135 pence, and the last day of this period being no
later than 30 September 2022.
The remaining 4,500 Options awarded to other employees 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 1,689,821,
representing approximately 6.99% 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 Matthew Stork Chief Executive Officer
Ricky Dolphin Chief Technology Officer
Jennifer Barnett Chief Scientific
Officer
Malcolm Gates Director of Group Finance
Fiona Cree Global Head of Clinical
Science
-------------------------- -----------------------------------------
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 30 October
type of instrument 2019
Identification code GB00B8DV9647
-------------------------- -----------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Matthew Stork 392,858 options
Ricky Dolphin 98,213 options
Jennifer Barnett 90,000 options
Malcolm Gates 89,287 options
Fiona Cree 80,357 options
-------------------------- -----------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
-------------------------- -----------------------------------------
e) Date of the transaction 30 October 2019
-------------------------- -----------------------------------------
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
Matthew Stork, Chief Executive Officer Tel: 01223 810 700
Nick Walters, Chief Financial Officer press@camcog.com
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane/ Manasa Patil (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial PR and IR) Tel: 020 3934 6630
Tim Metcalfe/ Graham Herring/ Zach Cohen
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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