Instem plc Grant of Options (9088V)
19 April 2021 - 9:10PM
UK Regulatory
TIDMINS
RNS Number : 9088V
Instem plc
19 April 2021
Instem plc
("Instem", the "Company" or the "Group")
Grant of Options
Instem plc (AIM: INS), a leading provider of IT solutions to the
global life sciences market, announces that Phil Reason (Chief
Executive Officer) and Nigel Goldsmith (Chief Financial Officer)
have been granted awards of nil-cost options over 4,387 and 3,031
ordinary shares of 10 pence each ("Ordinary Shares") respectively
under the Instem plc 2018 Long Term Incentive Plan ("LTIP"). These
options will ordinarily vest and become exercisable on 1 January
2024 pursuant to the rules of the LTIP, conditional upon the
individual being in employment with the Group at the date of
vesting.
After these grants of options, Mr Reason and Mr Goldsmith hold
options over a total of 183,816 and 254,531 Ordinary Shares,
respectively.
For further information please contact:
Instem plc
Phil Reason, Chief Executive Officer via Walbrook Financial PR
Nigel Goldsmith, Chief Financial
Officer
N+1 Singer - NOMAD and Broker
Peter Steel, Alex Bond (Corporate
Finance)
Rachel Hayes (Corporate Broking) +44 (0) 20 7496 3000
Walbrook Financial PR
Tom Cooper
Nick Rome +44 (0) 20 7933 8000
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them (in respect of the grant of share options
today to Mr Reason and Mr Goldsmith)
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Phil Reason
------------------------------------------- ---------------------------------------
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 Instem plc
------------------------------------------- ---------------------------------------
b) LEI 213800PILYUFNNROQX68
------------------------------------------- ---------------------------------------
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 Ordinary shares of 10 pence each
financial instrument
, type of instrument
GB00B3TQCK30
Identification code
------------------------------------------- ---------------------------------------
b) Nature of the transaction Grant of nil cost options under the
Company's LTIP
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------ -------------------
Nil 4,387
------------------------------------------------------------------- -------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
------------------------------------------- ---------------------------------------
e) Date of the transaction 16 April 2021
------------------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nigel Goldsmith
------------------------------------------- ---------------------------------------
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 Instem plc
------------------------------------------- ---------------------------------------
b) LEI 213800PILYUFNNROQX68
------------------------------------------- ---------------------------------------
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 Ordinary shares of 10 pence each
financial instrument
, type of instrument
GB00B3TQCK30
Identification code
------------------------------------------- ---------------------------------------
b) Nature of the transaction Grant of nil cost options under the
Company's LTIP
------------------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------- ------------------ -------------------
Nil 3,031
------------------------------------------------------------------- -------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
------------------------------------------- ---------------------------------------
e) Date of the transaction 16 April 2021
------------------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- ---------------------------------------
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END
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