Niox Group PLC Grant of options (5182U)
29 March 2023 - 2:04AM
UK Regulatory
TIDMNIOX
RNS Number : 5182U
Niox Group PLC
28 March 2023
NIOX Group plc
("NIOX" or the "Company")
Grant of options
Oxford, UK - 28 March 2023: NIOX Group plc (AIM: NIOX) announces
that it has today granted options to the Executive Directors over a
total of 2,767,744 new ordinary shares in the Company ("Ordinary
Shares") under the 2023 Performance Share Plan (the "Options").
The Options are exercisable at nominal value over the same
number of Ordinary Shares and will vest on the third anniversary of
the date of grant (the "Vesting Date"). The Options then remain
exercisable until the tenth anniversary of the date of grant,
subject also to the closing mid-market price of an Ordinary Share
reaching or exceeding a specified price either: (a) over a period
of 30 consecutive dealing days prior to the Vesting Date or (b) as
a result of a liquidity event occurring above the specified price
(in each case, the "Vesting Level").
33 percent of the Options will vest in the event that a Vesting
Level of 55p is attained, 66 percent of the Options will vest in
the event that a Vesting Level of 62.5p is attained, with 100 per
cent. vesting in the event that a Vesting Level of 70p is
attained.
The Options awarded to each Executive Director are shown below
and additional disclosure in relation to PDMR dealing is included
at the end of this announcement.
Name Number of Options
Ian Johnson 996,775
------------------
Jonathan Emms 996,775
------------------
Michael Roller 774,194
------------------
Contacts
N IOX
Ian Johnson, Executive Chairman
Michael Roller, Chief Financial Officer +44 (0) 1865 405560
Singer Capital Markets (Nominated Adviser
& Broker) +44 (0) 20 7496
Aubrey Powell / Jen Boorer 3000
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 1. Ian Johnson
2. Jonathan Emms
3. Michael Roller
============================== ===================================================
2. Reason for the notification
===================================================================================
a. Position/status 1. Executive Chairman
2. Chief Operating Officer
3. 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 N IOX Group plc
============================== ===================================================
b. LEI 2138006YAT138TOGA556
============================== ===================================================
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 Options over Ordinary Shares of 0.08p each.
the
Financial instrument,
type of instrument GB00BJVD3B28 ISIN for the Ordinary shares
Identification
code
============================== ===================================================
b. Nature of the G rant of share options under the 2023 Performance
transaction Share Plan over Ordinary Shares in NIOX Group
plc
============================== ===================================================
c. Price(s) and Exercise Price(s) Volume(s)
volume(s) 1. 0.08p 1. 996,775
2. 0.08p 2. 996,775
3. 0.08p 3. 774,194
-----------------
============================== ===================================================
d. Aggregated information
* Aggregated volume
n/a
* Price
============================== ===================================================
e. Date of the transaction 28 March 2023
============================== ===================================================
f. Place of the Outside a trading venue
transaction
============================== ===================================================
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END
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