Genedrive PLC - Grant of options
Released
Released
Announcement PDF
RNS Number : 3632U
Genedrive PLC
02 December 2021
genedrive plc
("genedrive" or the "Company")
Grant of Options
genedrive plc (LSE: GDR), the near patient molecular diagnostics company,
announces that on 2 December 2021 share options ("Options") were granted
to members of its senior management team to acquire a total of 400,000
ordinary shares of 1.5p each ("Ordinary Shares") in the Company under the
Company's Share Option Scheme.
The Options have been granted with an exercise price of 31p being equal to
the closing price on the day before the grant and vest after a period of three
years, subject to certain performance criteria being met through achieving
revenue and other financial targets, as well as completing certain strategic
projects in the year ending 30 June 2024. The Options are exercisable over
the period of 10 years from the date of grant.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1.
Details of the person discharging managerial responsibilities / person
closely associated
Name
1. Alex Mann
2. Jonathan Barber
3. Gino Miele
4. Colleen Phythian
a.
2.
a.
a.
3.
a.
Reason for the notification
Position/status
1. Commercial Director
2. Operations Director
3. R&D Director
4. Director of Quality & Regulation
Initial notification Initial notification
/Amendment
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name
genedrive plc
b.
4.
a.
b.
c.
LEI
213800ZYODIRZ87Y4K14
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
Description of the Options over ordinary shares of 1.5 pence each
Financial
instrument, type
of instrument
Identification code GB00B1VKB244
Nature of the
Grant of options pursuant to and in accordance with the
transaction
terms of the Company's Share Option Scheme dated 29
November 2017
Price(s) and
volume(s)
PDMR
Alex
Mann
Jonathan
Barber
Gino
Miele
Colleen
Phythian
d.
e.
f.
Aggregated
information
Aggregated
volume
Price
Date of the
transaction
Place of the
transaction
Exercise
price
31p
No of
Options
100,000
31p
100,000
31p
100,000
31p
100,000
N/A
2021-12-02
Outside a trading venue
For further details please contact:
genedrive plc
David Budd: CEO / Matthew Fowler: CFO
+44 (0)161 989 0245
Peel Hunt LLP (Nominated Adviser and Joint
Broker)
James Steel
+44 (0)20 7418 8900
finnCap (Joint Broker)
Geoff Nash / Kate Bannatyne / Alice Lane
+44 (0)20 7220 500
Walbrook PR Ltd (Media Relations & Investor
Relations)
Paul McManus / Anna Dunphy
+44 (0)20 7933 8780
or genedrive@walbrookpr.com
+44 (0)7980 541 893 / +44 (0)7876
741 001
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