Collagen Solutions PLC Director/PDMR Shareholding (3177B)
20 September 2018 - 2:01AM
UK Regulatory
TIDMCOS
RNS Number : 3177B
Collagen Solutions PLC
19 September 2018
Collagen Solutions Plc
(the "Company" or the "Group")
Director/PDMR Dealing
The Company today announces that on 19 September 2018, Tom
Hyland, Chief Operating Officer ("COO") of the Company, was granted
options (the "Options") over 1,500,000 ordinary shares of 1 pence
each in the share capital of the Company ("Shares") exercisable at
a price of 3.70 pence per Share.
The Options will vest three years hence on 19(th) September
2021, such vesting being conditional on his continued employment.
In addition, the ability to exercise any vested Options will be
dependent on achieving a closing middle market price per Share of
10 pence at any time after the date of grant and on the Company
delivering sustainable positive cash flows from operations for any
consecutive period of six months. All Options will lapse after 10
years from the date of grant, being 19 September 2018.
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 Tom Hyland
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification / Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name Collagen Solutions Plc
b) LEI 213800IFY1CVGRGETL95
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 1p each
instrument
ISIN Code: GB00B94T6Y14
Identification code
b) Nature of the transaction Grant of options over ordinary shares of 1p each
exercisable at 3.70p per share
c) Price(s) and volume(s) Price(s) Volume(s)
3.70 pence 1,500,000
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19/09/2018
f) Place of the transaction Outside a trading venue
Enquiries:
Collagen Solutions Plc
Jamal Rushdy, CEO Via Walbrook
Hilary Spence, CFO
Cenkos Securities Plc (Nominated
Adviser and Broker)
Steve Cox (Corporate Finance) Tel: 0207 397 8900
Stephen Keys
Walbrook PR Ltd Tel: 020 7933 8780 or collagen@walbrookpr.com
Anna Dunphy Mob: 07876 741 001
Helen Cresswell Mob: 07841 917 679
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END
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