Cambridge Cognition Holdings PLC Grant of Options (0647X)
18 December 2023 - 6:00PM
UK Regulatory
TIDMCOG
RNS Number : 0647X
Cambridge Cognition Holdings PLC
18 December 2023
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
15 December 2023, the Company granted options ("Options") over a
total of 1,012,465 ordinary shares of 1 pence each in the capital
of the Company ("Ordinary Shares") pursuant to the Company's 2022
Long Term Incentive Plan ("LTIP").
Of these Options:
1. Options in respect of 411,449 Ordinary Shares were granted to Persons Discharging Managerial Responsibilities ("PDMRs") as follows:
Name Role Number Total number Total Percentage
of Ordinary of Ordinary number of Current
Shares Shares of Ordinary Issued Share
over which over which Shares Capital
Options Options held Held
Granted held following
Grant
Chief Executive
Matthew Stork Officer 190,839 1,185,197 161,450 0.46%
------------------ ------------- ---------------- ------------- --------------
Chief Financial
Stephen Symonds Officer 158,778 311,449 32,950 0.09%
------------------ ------------- ---------------- ------------- --------------
Chief Technology
Ricky Dolphin Officer 61,832 282,359 119,534 0.34%
------------------ ------------- ---------------- ------------- --------------
2. Options in respect of 601,016 Ordinary Shares were granted to other employees of the Company.
The Options granted to the PDMRs are in each case "performance
share awards" that 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 continued
service and to the extent to which challenging performance
conditions are achieved.
Under the terms of the aforementioned performance conditions,
one-half of each of the Options is subject to sliding scale
compound annual growth rate targets for adjusted revenue over the
three year period ending 31 December 2025, the other half of each
of the Options is subject to a sliding scale measure of relative
total shareholder performance over a three year period that
commenced on the grant of the Options.
The Options granted to others (save for one more performance
share award) are exercisable at a price of 1 pence per Ordinary
Share from two and a half years following the date of award until
the tenth anniversary of the date of award, and will vest subject
to continued service (so called 'restricted share awards').
The LTIP has scope to grant both EMI awards and non-EMI awards
and was recently adopted by the Board. The terms of the LTIP align
to best practice expectations, including as leaver terms and malus
and clawback provisions.
Following the grant of Options, the total number of options
outstanding over unissued Ordinary Shares is 3,311,573 representing
approximately 9.47% of the Company's issued share capital.
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
Stephen Symonds - Chief Financial
Officer
Ricky Dolphin - Chief Technology Officer
--------------------------- ------------------------------------------
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 15 December
type of instrument 2023
Identification code GB00B8DV9647
--------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
each with an exercise price of 1 pence
per Ordinary Share
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Matthew Stork - Options over 190,839
Ordinary Shares
Stephen Symonds - Options over 158,778
Ordinary Shares
Ricky Dolphin - Options over 61,832
Ordinary Shares
--------------------------- ------------------------------------------
d) Aggregated information:
* Aggregated volume 411,449
n/a
* Price
--------------------------- ------------------------------------------
e) Date of the transaction 15 December 2023
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
Enquiries
Cambridge Cognition Holdings plc
Matthew Stork, Chief Executive Officer Tel: 01223 810 700
Stephen Symonds, Chief Financial Officer press@camcog.com
Panmure Gordon (UK) Ltd
(NOMAD and Joint Broker) Tel: 020 78862500
Freddy Crossley / Emma Earl / Mark Rodgers (Corporate Advisory)
Rupert Dearden (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney/ James Serjeant (Corporate Broking)
Hudson Sandler (Financial PR and IR) Tel: 020 7796 4133
Dan de Belder/Hattie Dreyfus
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END
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