Microgen PLC Director/PDMR Shareholding (7386Z)
March 16 2017 - 12:31PM
UK Regulatory
TIDMMCGN
RNS Number : 7386Z
Microgen PLC
16 March 2017
16 March 2017
MICROGEN plc (the "Company")
Director/PDMR Shareholding / Total Voting Rights
Microgen plc (LSE: MCGN), a leading provider of business
critical software and services, provides notification that on 16
March 2017, following the exercise by a number of the Company's
Executive Directors of options under the Microgen Plc Performance
Share Plan 2006 ("PSP"), 780,618 new ordinary shares of 6 3/7 pence
each in the Company ("Ordinary Shares") have been issued. The
issued Ordinary Shares were admitted to the Official List of the
UKLA and to trading on the main market of the London Stock Exchange
on 25 November 2016.
Each of the Executive Directors named below exercised options
over the number of Ordinary Shares specified below on 16 March 2017
with an exercise price per Ordinary Share of GBP0.05. The options
had an expiry date of 18 November 2023.
Following the exercise of these options each Executive
Director's overall shareholding in the Company has increased as set
out in the following table. Each Executive Director also sold a
number of the resulting Ordinary Shares on 16 March 2017 at a price
of GBP2.70 per Ordinary Share, as set out below.
Name of Executive No. of Options No. of No. of Number of Percentage of Percentage of
Director Exercised Ordinary Ordinary Ordinary the issued the issued
Shares sold Shares held Shares held share capital share capital
prior to after of the of the
transactions transactions Company held Company held
prior to after
transactions transactions
------------------ --------------- --------------- --------------- --------------- -------------- --------------
Tom Crawford
(CEO, Aptitude
Software) 140,206 69,757 309,551 380,000 0.52% 0.63%
------------------ --------------- --------------- --------------- --------------- -------------- --------------
Simon Baines
(CEO, Microgen
Financial
Systems) 320,206 229,729 9,523 100,000 0.02% 0.16%
------------------ --------------- --------------- --------------- --------------- -------------- --------------
Philip Wood
(Chief Financial
Officer) 320,206 230,841 110,635 200,000 0.18% 0.33%
------------------ --------------- --------------- --------------- --------------- -------------- --------------
In accordance with DTR 5.6.1, the Company also announces that,
following the transactions referred to above, as at today's date,
its issued share capital comprises 60,771,938 Ordinary Shares. The
Company does not hold any Ordinary Shares in treasury. The voting
rights of all of the Ordinary Shares are identical. Shareholders
may use this figure as the denominator for the calculation by which
they will determine whether they are required to notify their
interest in, or a change to their interest in, Ordinary Shares in
Microgen under the Disclosure Guidance and Transparency Rules of
the Financial Conduct Authority.
The notification below, made pursuant to Article 19 of
Regulation (EU) No 596/2014 on Market Abuse, provides further
information about these transactions.
1 Details of the person discharging managerial responsibilities / person closely associated
----- ---------------------------------------------------------------------------------------------------------------
(a) Name (i) Tom Crawford
(ii) Simon Baines
(iii) Philip Wood
----- ------------------ -------------------------------------------------------------------------------------------
2 Reason for the notification
----- ---------------------------------------------------------------------------------------------------------------
(a) Position/Status (i) PDMR - (Chief Executive Officer, Aptitude Software)
(ii) PDMR - (Chief Executive Officer, Microgen Financial Systems)
(iii) PDMR - (Chief Financial Officer)
----- ------------------ -------------------------------------------------------------------------------------------
(b) Initial Initial notification
notification /
Amendment
----- ------------------ -------------------------------------------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----- ---------------------------------------------------------------------------------------------------------------
(a) Name Microgen Plc
----- ------------------ -------------------------------------------------------------------------------------------
(b) LEI 2138009VHA1WI2VKMA28
----- ------------------ -------------------------------------------------------------------------------------------
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 Ordinary Shares of 6 3/7 pence each
the financial
instrument, type
of instrument ISIN: GB00BVVHWX30
Identification
Code
----- ------------------ -------------------------------------------------------------------------------------------
(b) Nature of the (a) Exercise of options over Ordinary Shares
transaction (b) Sale of Ordinary Shares
----- ------------------ -------------------------------------------------------------------------------------------
(c) Price(s) and Name (a) Exercise (a) Number of (b) Sale Price (b) Number of
volume(s) Price per Ordinary per Ordinary Ordinary Shares
Ordinary Share Shares over Share sold
which Options
Exercised
----------------- ---------------- --------------- ---------------- ----------------
(i) Tom Crawford GBP0.05 140,206 GBP2.70 69,757
----------------- ---------------- --------------- ---------------- ----------------
(ii) Simon
Baines GBP0.05 320,206 GBP2.70 229,729
----------------- ---------------- --------------- ---------------- ----------------
(iii) Philip
Wood GBP0.05 320,206 GBP2.70 230,841
----------------- ---------------- --------------- ---------------- ----------------
----- ------------------ -------------------------------------------------------------------------------------------
(d) Aggregated n/a
Information
- Aggregated
Volume
- Price
----- ------------------ -------------------------------------------------------------------------------------------
(e) Date of the 16 March 2017
Transaction
----- ------------------ -------------------------------------------------------------------------------------------
(f) Place of the (a) Outside a trading venue
Transaction (b) London Stock Exchange (XLON)
----- ------------------ -------------------------------------------------------------------------------------------
Name of authorised Mark Heather, Company Secretary, Microgen Plc
official of issuer
responsible for making
notification:
------------------------- -------------------------------------------------------------------------------------------
Contacts
Mark Heather, Company Secretary 020-7496-8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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