Byotrol PLC Grant of Options & Director/PDMR Shareholdings (1075W)
November 10 2017 - 2:00AM
UK Regulatory
TIDMBYOT
RNS Number : 1075W
Byotrol PLC
10 November 2017
10 November 2017
Byotrol plc
GRANT OF OPTIONS
DIRECTOR SHAREHOLDINGS
The Board of Byotrol plc ('Byotrol' or the 'Company'), the
specialist anti-microbial technology company, announces that on 9
November 2017, it granted a total of 10,296,750 options over the
Company's ordinary shares of 0.25 pence each ("Options" and
"Ordinary Shares" respectively) representing 2.56 per cent. of the
issued share capital of the Company to two Directors and certain
employees of the Company, upon the recommendation of the Company's
Remuneration Committee.
Details of the awards to the two Directors and a PDMR of the
Company are set out below (the "Director/PDMR Options"):
Position No. of New No. of Options Shareholding in Percentage of
Options Granted held post Grant Company fully diluted
share capital
David Traynor Chief Executive 1,000,000 6,900,000 4,850,514 2.92%
Chief Technology
Dr Trevor Francis Officer 2,375,000 6,325,000 2,253,216 2.13%
Head of Finance
Denise Keenan (PDMR) 1,792,500 3,217,500 - 0.80%
TOTAL 5,167,500 5.85%
The above Director/PDMR Options, which are exercisable at 4
pence per Ordinary Share over a seven year period, vest on the
following basis;
-- -30% vest after 12 months if the mid - share price averages over 5p for a 30 day period
-- 35% vest after 24 months if the mid - share price averages over 7.5p for a 30 day period
-- 35% vest after 36 months if the mid - share price averages over 10p for a 30 day period
The 5,167,500 Director/PDMR Options are being granted under the
Company's Enterprise Management Incentive Scheme.
The remaining 5,129,250 Options are being awarded to a number of
key employees of the Company ("Employee Options"). These Employee
Options are also exercisable at 4 pence per Ordinary Share between
9 November 2018 and expire in tranches up to 9 May 2025. All
10,296,750 Options granted today will vest on any change of control
of the Company.
Following the grant of the 10,296,750 Options, there will be
35,244,250 Options in issue representing 8.75% per cent. of the
Company's issued share capital.
Enquiries:
Byotrol plc 01925 742 000
John Langlands - Chairman
David Traynor - Chief Executive
finnCap Ltd 020 7220 0500
Geoff Nash / Carl Holmes / James Thompson-
Corporate Finance
Stephen Norcross / Richard Chambers
- Corporate Broking
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a specialist developer
of residual antimicrobial technologies, identifying, developing,
formulating and commercialising cutting-edge antimicrobial
solutions.
Our patented suite of technologies deliver powerful
broad-spectrum efficacy with residual performance optimised against
commonly occurring and industry-specific pathogens.
Founded in 2005, the Company has developed the technology that
creates easier, safer and cleaner lives.
For more information, please go to www.byotrol.co.uk
Accordingly, the Company makes the following announcement and
notification in accordance with the EU Market Abuse Regulation (No
596/2014):
1. Details of the person discharging managerial responsibilities
/ person closely associated
---- -----------------------------------------------------------------------
a) Name David Traynor
---- ------------------------------- --------------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------------
a) Position/status Chief Executive
---- ------------------------------- --------------------------------------
b) Initial notification/Amendment Initial
---- ------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------
a) Name Byotrol Plc
---- ------------------------------- --------------------------------------
b) LEI 213800AJMTSTIPA59A34
---- ------------------------------- --------------------------------------
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 options over ordinary shares of 0.25p
Financial instrument, each
type of instrument
----
Identification code GB00B0999995
---- ------------------------------- --------------------------------------
b) Nature of the transaction Award of Options to subscribe for
Ordinary Shares
---- ------------------------------- --------------------------------------
c) Price(s) and volume(s) Volume - 1,000,000
Exercise Price - 4 pence
---- ------------------------------- --------------------------------------
d) Aggregated information: See 4c) above
---- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2017
---- ------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
---- ------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name Dr Trevor Francis
--- ------------------------------- --------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------
a) Position/status Chief Technology Officer
--- ------------------------------- --------------------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Byotrol Plc
--- ------------------------------- --------------------------------------
b) LEI 213800AJMTSTIPA59A34
--- ------------------------------- --------------------------------------
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 options over ordinary shares of 0.25p
Financial instrument, each
type of instrument
---
Identification code GB00B0999995
--- ------------------------------- --------------------------------------
b) Nature of the transaction Award of Options to subscribe for
Ordinary Shares
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s) Volume - 2,375,000
Exercise Price - 4 pence
--- ------------------------------- --------------------------------------
d) Aggregated information: See 4c) above
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2017
--- ------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name Denise Keenan
--- ------------------------------- --------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------
a) Position/status Head of Finance and Company Secretary
(PDMR)
--- ------------------------------- --------------------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Byotrol Plc
--- ------------------------------- --------------------------------------
b) LEI 213800AJMTSTIPA59A34
--- ------------------------------- --------------------------------------
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 options over ordinary shares of 0.25p
Financial instrument, each
type of instrument
---
Identification code GB00B0999995
--- ------------------------------- --------------------------------------
b) Nature of the transaction Award of Options to subscribe for
Ordinary Shares
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s) Volume - 1,792,500
Exercise Price - 4 pence
--- ------------------------------- --------------------------------------
d) Aggregated information: See 4c) above
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2017
--- ------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
--- ------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHDMMGMNLGGNZM
(END) Dow Jones Newswires
November 10, 2017 02:00 ET (07:00 GMT)
Byotrol (LSE:BYOT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Byotrol (LSE:BYOT)
Historical Stock Chart
From Apr 2023 to Apr 2024