LiDCO Group Plc Award of share options/ director dealing (7731C)
20 April 2017 - 4:01PM
UK Regulatory
TIDMLID
RNS Number : 7731C
LiDCO Group Plc
20 April 2017
LiDCO Group Plc
("LiDCO" or the "Company")
Award of share options/director dealing
LiDCO (AIM: LID), the hemodynamic monitoring company, announces
that the Board has yesterday, 19(th) April 2017, finalised a grant
of options ("Options") to Mr Sassone, CEO, to subscribe for new
ordinary shares of 0.5p each ("Ordinary Shares").
Option Number Total number Percentage of issued
type of shares of options share capital under
over which held post option
options grant
granted
------------- ------------ ------------ ------------ --------------------
Matt Sassone EMI 3,448,262 3,448,262 1.4%
------------- ------------ ------------ ------------ --------------------
Unapproved 3,147,342 3,147,342 1.3%
-------------------------- ------------ ------------ --------------------
Total 6,595,604 6,595,604 2.7%
--------------------------- ------------ ------------ --------------------
The above Options vest and may be exercised from between
fourteen months and three years from grant if certain share price
hurdles are met. The Options are exercisable over a range of
periods at 0.5 pence per Ordinary Share, subject to the Company's
share price averaging above a number of hurdle rates. Expiry dates
range from April 2022 to June 2025. The hurdle rates were in part
set with regard to the placing price of 6p in December 2016 and are
between 8p and 15p. Full details are given in the Company's report
and accounts (Directors' remuneration report) which are available
on the Company's website.
Simultaneous with this grant, 4,395,604 options have lapsed and
been cancelled. The total number of shares under option following
these grants is therefore 14,990,087 representing 6.1% of the
issued share capital.
The below notification is made in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------------
a) Name: Matt Sassone
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Chief Executive Officer
--- --------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial Notification
--- --------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- --------------------------------------------------------------------------
a) Name: LiDCO Group Plc
--- --------------------------------- ---------------------------------------
b) LEI: n/a
--- --------------------------------- ---------------------------------------
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 Ordinary Shares of
instrument, type of instrument: 0.5p nominal
Identification code:
GB0030546849
--- --------------------------------- ---------------------------------------
b) Nature of the transaction: Grant of Management
Share Options
--- --------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
--------- ----------
0.5p 6,595,604
--------- ----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
* Aggregated volume: as in 4 c) above Price(s) Volume(s)
--------- ----------
0.5p 6,595,604
* Price: --------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 19/04/17
--- --------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
--- --------------------------------- ---------------------------------------
For further information, please contact:
LiDCO Group Plc www.lidco.com
Matt Sassone (CEO) Tel: +44 (0)20 7749 1500
finnCap Tel: +44 (0)20 7600 1658
Geoff Nash / Emily Watts (Corporate
Finance)
Stephen Norcross (Corporate
Broking)
Walbrook PR Ltd Tel: 020 7933 8780 or
lidco@walbrookpr.com
Anna Dunphy Mob: 07876 741 001
Lianne Cawthorne Mob: 07584 391 303
This information is provided by RNS
The company news service from the London Stock Exchange
END
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