Venture Life Group PLC 2017 Long Term Incentive Plan and Grant of Options (1808D)
25 April 2017 - 4:01PM
UK Regulatory
TIDMVLG
RNS Number : 1808D
Venture Life Group PLC
25 April 2017
Venture Life Group plc
("Venture Life" or the "Company")
2017 Long Term Incentive Plan and Grant of Options to PDMRs
Venture Life (AIM: VLG), the international consumer self-care
group focused on developing, manufacturing and commercialising
products for the ageing population, announces that it has granted
further nominal-cost share options ("Options") over ordinary shares
of 0.3p each in Venture Life Group plc ("Shares") under the Venture
Life Group plc 2016 Long Term Incentive Plan ("LTIP"). These
Options were issued on 24 April 2017 as detailed below.
Grant of Options
On 24 April 2017 (the "Date of Grant"), Venture Life granted
Options over a total of 897,598 Shares to its four Executive
Directors, all of whom are regarded as Persons Discharging
Managerial Responsibilities ("PDMRs") for the Company.
Vesting of the Options is subject to continued employment and
the Group meeting objective performance conditions, namely the
Company's Earnings Per Share ("EPS") performance and relative Total
Shareholder Return (Share price performance plus all dividends
re-invested in Shares - "TSR"). Half of the Shares under an Option
are subject to EPS performance conditions, and half of the Shares
under an Option are subject to TSR performance conditions.
The tranche of Options granted over a total of 897,598 Shares
("Grant") will ordinarily vest on 24 April 2020, subject to meeting
the performance conditions set for the Company's EPS over the three
financial years ending 31 December 2019 and TSR for the three years
commencing 24 April 2017.
The Options are exercisable at a price of 0.3p per Share.
Total number
No. of Shares of Shares under
Director Position under Option options held
Chief Executive
Jerry Randall Officer 296,302 2,191,094
Gianluca Manufacturing
Braguti Director 238,237 656,445
Sharon Collins Commercial Director 197,534 1,911,136
Chief Financial
Adrian Crockett Officer 165,525 165,525
--------------- ------------------
Total: 897,598 4,924,200
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
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) Names Jerry Randall - Chief Executive
Officer
Gianluca Braguti - Manufacturing
Director
Sharon Collins - Commercial
Director
Adrian Crockett - Chief Financial
Officer
--- ----------------------- -----------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status See 1(a) above for positions
- all classified as PDMRs of
Venture Life
--- ----------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--- ----------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name Venture Life Group plc
--- ----------------------- -----------------------------------
b) LEI
--- ----------------------- -----------------------------------
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 Ordinary Shares of 0.3p each
of the financial in Venture Life Group plc
instrument,
type of instrument
--- ----------------------- -----------------------------------
b) Identification GB00BFPM8908
code
--- ----------------------- -----------------------------------
c) Nature of the Grant of Options over Ordinary
transaction Shares pursuant to the Venture
Life Group plc 2016 Long Term
Incentive Plan
--- ----------------------- -----------------------------------
d) Price and volumes Price - nil
Volumes:
Jerry Randall - Option over
296,302 Ordinary Shares
Gianluca Braguti - Option over
238,237 Ordinary Shares
Sharon Collins - Option over
197,534 Ordinary Shares
Adrian Crockett - Option over
165,525 Ordinary Shares
--- ----------------------- -----------------------------------
d) Aggregated information N/a
- Aggregated
volume
- Price
--- ----------------------- -----------------------------------
e) Date of the 24 April 2017
transaction
--- ----------------------- -----------------------------------
f) Place of the Outside a trading venue
transaction
--- ----------------------- -----------------------------------
Name of authorised official of issuer responsible for making
notification: Peter Shepherd, Company Secretary to Venture Life
Group plc.
For further information please contact:
Venture Life Group PLC +44 (0) 1344 742870
Jerry Randall, Chief Executive
Officer
Adrian Crockett, Chief Financial
Officer
Panmure Gordon (UK) Limited (Nominated +44 (0) 20 7886
Adviser and Joint Broker) 2500
Freddy Crossley/Peter Steel/Duncan
Monteith (Corporate Finance)
Tom Salvesen (Corporate Broking)
Turner Pope Investments (TPI) Ltd +44 (0) 20 3621
(Joint Broker) 4120
James Pope/Ben Turner
Walbrook PR venturelife@walbrookpr.com
or
+ 44 (0) 20 7933 8780
Paul McManus/Anna Dunphy +44 (0) 7980 541 893 / +44
(0) 7876 741 001
This information is provided by RNS
The company news service from the London Stock Exchange
END
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