LiDCO Group Plc Confirmation of CFO appointment & Award of options (2639K)
06 July 2017 - 4:00PM
UK Regulatory
TIDMLID
RNS Number : 2639K
LiDCO Group Plc
06 July 2017
LiDCO Group Plc
("LiDCO" or the "Company")
Confirmation of Chief Financial Officer appointment
Award of share options/director dealing
LiDCO (AIM: LID), the hemodynamic monitoring company, confirms
the appointment of Jill McGregor as Chief Financial Officer on the
3 July, further to the announcement made on the 1 March 2017.
Ms McGregor is a Chartered Accountant and has over 25 years'
experience in a number of finance roles. Ms McGregor joins LiDCO
after six years as Chief Financial Officer of Touch Bionics, a UK
based provider of upper limb technologies, with operations in the
USA and Germany which was recently acquired by Ă–ssur. Prior to
this, Ms McGregor spent seven years at Optos plc, a provider of
retinal imaging devices, as Group Financial Controller and then as
Vice President and Director of Finance. Optos listed on the London
Stock Exchange in 2006 and was acquired by Nikon in 2015.
Grant of options
Yesterday, 5 July 2017, the Company finalised a grant of options
("Options") to Jill McGregor, CFO, 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
-------------- -------- ------------ ------------ --------------------
Jill McGregor EMI 1,500,000 1,500,000 0.6%
-------------- -------- ------------ ------------ --------------------
Total 1,500,000 1,500,000 0.6%
------------------------ ------------ ------------ --------------------
The above Options vest and may be exercised 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. The hurdle rates were in part set with
regard to yesterday's closing share price of 10.125p and are
between 12p and 16p.
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: Jill McGregor
--- --------------------------------- ---------------------------------------
2. Reason for the notification
--- --------------------------------------------------------------------------
a) Position/status: Chief Financial 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 1,500,000
--------- ----------
--- --------------------------------- ---------------------------------------
d) Aggregated information: Single transaction
* Aggregated volume: as in 4 c) above Price(s) Volume(s)
--------- ----------
0.5p 1,500,000
* Price: --------- ----------
--- --------------------------------- ---------------------------------------
e) Date of the transaction: 05/07/17
--- --------------------------------- ---------------------------------------
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
Paul McManus Mob: 07980 541 893
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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