Diurnal Group PLC Director/PDMR Shareholding (9049V)
08 November 2017 - 11:00PM
UK Regulatory
TIDMDNL
RNS Number : 9049V
Diurnal Group PLC
08 November 2017
8 November 2017
Diurnal Group plc
("Diurnal" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations
On 8 November 2017, Diurnal issued a total of 547,575 par value
options over ordinary shares of 5 pence in the Company under the
Diurnal Group plc Long Term Incentive Plan (the "Plan"), of which
the following were issued to persons discharging managerial
responsibilities ("PDMR"):
PDMR Total number of shares Type of awards
awarded
---------------- ----------------------- ------------------
Martin Whitaker 148,698 Performance share
award
Richard Bungay 94,795 Performance share
award
The performance share awards will ordinarily vest no earlier
than the third anniversary of their grant subject to the grantee's
continued service and to the extent to which the performance
conditions set for the awards are satisfied. Such awards may
potentially vest until the fifth anniversary of their grant date.
The awards were granted under award agreements that incorporated
the terms of the Plan.
The exercise price payable per share under award is par value
presently being 5 pence per ordinary share.
Details of the full notifications received by the Company are
set out below:
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------
a) Name Martin Whitaker
---- ---------------------------- -----------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ---------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
---- ---------------------------- -----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------
a) Name Diurnal Group plc
---- ---------------------------- -----------------------------------------
b) LEI 213800I2HNUNZN1LDH29
---- ---------------------------- -----------------------------------------
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 Grant of award of options under
the financial the Diurnal Group plc Long
instrument, type Term Incentive Plan over Ordinary
of instrument shares of 5p each
----
Identification Ordinary shares: GB00BDB6Q760
code
b) Nature of the Grant of awards under the Diurnal
transaction Group plc Long Term Incentive
Plan as par value options as
follows:
Performance share award over
148,698 ordinary shares.
The performance share award
will ordinarily vest no earlier
than the third anniversary
of its grant subject to continued
service and to the extent to
which the performance conditions
set for the awards are satisfied.
Such award may potentially
vest until the fifth anniversary
of its grant date.
The exercise price payable
per share under award is par
value presently being 5 pence
per ordinary share.
---- ---------------------------- -----------------------------------------
c) Price(s) and volume(s)
---- --------------------- ---------------
Price(s) Volume(s)
---- --------------------- ---------------
5p exercise
price 148,698
------------------------------------------------------- ---------------
d) Aggregated information
----
- Aggregated volume Award over 148,698 ordinary
shares.
- Price Nil price payable for grant.
GBP7,434.90 total exercise
price
e) Date of the transaction 8 November 2017
---- ---------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------- -----------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------------
a) Name Richard Bungay
---- ---------------------------- -----------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- ---------------------------- -----------------------------------------
b) Initial notification Initial notification
/Amendment
---- ---------------------------- -----------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------------
a) Name Diurnal Group plc
---- ---------------------------- -----------------------------------------
b) LEI 213800I2HNUNZN1LDH29
---- ---------------------------- -----------------------------------------
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 Grant of award of options under
the financial the Diurnal Group plc Long
instrument, type Term Incentive Plan over Ordinary
of instrument shares of 5p each
----
Identification Ordinary shares: GB00BDB6Q760
code
b) Nature of the Grant of awards under the Diurnal
transaction Group plc Long Term Incentive
Plan as par value options as
follows:
Performance share award over
94,795 ordinary shares.
The performance share award
will ordinarily vest no earlier
than the third anniversary
of its grant subject to continued
service and to the extent to
which the performance conditions
set for the awards are satisfied.
Such award may potentially
vest until the fifth anniversary
of its grant date.
The exercise price payable
per share under award is par
value presently being 5 pence
per ordinary share.
---- ---------------------------- -----------------------------------------
c) Price(s) and volume(s)
---- --------------------- ---------------
Price(s) Volume(s)
---- --------------------- ---------------
5p exercise
price 94,795
------------------------------------------------------- ---------------
d) Aggregated information
----
- Aggregated volume Award over 94,795 ordinary
shares.
- Price Nil price payable for grant.
GBP4,739.75 total exercise
price
e) Date of the transaction 8 November 2017
---- ---------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
---- ---------------------------- -----------------------------------------
For further information, please visit www.diurnal.co.uk
or contact:
+44 (0)20 3727
Diurnal Group plc 1000
Martin Whitaker, Chief Executive
Officer
Richard Bungay, Chief Financial
Officer
Numis Securities Ltd (Nominated +44 (0)20 7260
Adviser) 1000
Nominated Adviser: Michael Meade,
Paul Gillam, Freddie Barnfield
Corporate Broking: James Black
Panmure Gordon (UK) Limited (Joint +44 (0) 20 7886
Broker) 2500
Corporate Finance: Freddy Crossley
/ Duncan Monteith
Corporate Broking: Tom Salvesen
+44 (0)20 3727
FTI Consulting 1000
Simon Conway
Victoria Foster Mitchell
Notes to Editors
About Diurnal Group plc
Founded in 2004, Diurnal is a UK-based specialty pharma company
developing high quality products for the global market for the
life-long treatment of chronic endocrine conditions, including
Congenital Adrenal Hyperplasia and Adrenal Insufficiency. Its
expertise and innovative research activities focus on
circadian-based endocrinology to yield novel product candidates in
the rare and chronic endocrine disease arena.
For further information about Diurnal, please visit
www.diurnal.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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