LiDCO Group Plc Award of share options/director dealing (2619W)
April 16 2019 - 2:01AM
UK Regulatory
TIDMLID
RNS Number : 2619W
LiDCO Group Plc
16 April 2019
LiDCO Group Plc
("LiDCO" or the "Company")
Award of share options/director dealing
LiDCO (AIM: LID), the hemodynamic monitoring company, announces
that the Board has yesterday, 15 April 2019, finalised the grant of
options ("Options") to Mr Sassone, CEO and Mr Hall, CFO, to
subscribe for new ordinary shares of 0.5p.
Option type Number of shares Total number Percentage
over which of options of issued share
options granted held post grant capital under
option
Mr Sassone EMI - 3,448,262 1.41%
Unapproved 2,000,000 6,147,342 2.52%
-------------------------- ----------------- ----------------- -----------------
Total 2,000,000 9,595,604 3.93%
-------------------------- ----------------- ----------------- -----------------
Mr Hall EMI 2,000,000 2,000,000 0.82%
------------- ----------------- ----------------- -----------------
A proportion of the Options may vest and be exercised at 0.5
pence per Ordinary Share anytime between 9 April 2022 and 9 April
2025 if the average share price in the three months ending 9 April
2022 (the "Average Share Price") equals or exceeds 6.00p. At an
Average Share Price of 6.00p, 15% of the Options become
exercisable, for all of the Options to vest the Average Share Price
must equal or exceed 10.00p, and a straight line sliding scale
applies to determine the amount vesting if the Average Share Price
is between 6.00p and 10.00p.
The Company is currently in the process of finalising share
option grants to key employees over a further 1,025,000 Ordinary
shares. Following these grants, the total number of shares under
option will be 20,478,376 representing 8.4% of the issued share
capital.
The notifications below are made in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Matt Sassone
----------------------------------------- ------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: Chief Executive Officer
----------------------------------------- ------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name: LiDCO Group Plc
----------------------------------------- ------------------------------------
b) LEI: 213800PYQTIUV6HIYL36
----------------------------------------- ------------------------------------
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 financial instrument, Ordinary Shares of 0.5
type of instrument: pence each
Identification code:
GB0030546849
----------------------------------------- ------------------------------------
b) Nature of the transaction: Grant of Management Share
Options
----------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.50 pence
per share 2,000,000
----------
----------------------------------------- ------------------------------------
d) Aggregated information: Single transaction as in
* Aggregated volume: 4 c) above Price(s) Volume(s)
0.50 pence
per share 2,000,000
* Price: ----------
----------------------------------------- ------------------------------------
e) Date of the transaction: 15-04-2019
----------------------------------------- ------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
----------------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Tim Hall
----------------------------------------- ------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: Chief Financial Officer
----------------------------------------- ------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name: LiDCO Group Plc
----------------------------------------- ------------------------------------
b) LEI: 213800PYQTIUV6HIYL36
----------------------------------------- ------------------------------------
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 financial instrument, Ordinary Shares of 0.5
type of instrument: pence each
Identification code:
GB0030546849
----------------------------------------- ------------------------------------
b) Nature of the transaction: Grant of Management Share
Options
----------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.50 pence
per share 2,000,000
----------
----------------------------------------- ------------------------------------
d) Aggregated information: Single transaction as in
* Aggregated volume: 4 c) above Price(s) Volume(s)
0.50 pence
per share 2,000,000
* Price: ----------
----------------------------------------- ------------------------------------
e) Date of the transaction: 15-04-2019
----------------------------------------- ------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
----------------------------------------- ------------------------------------
For further information, please contact:
LiDCO Group Plc www.lidco.com
Matt Sassone (CEO) Tel: +44 (0)20 7749 1500
Tim Hall (CFO)
finnCap Tel: +44 (0)20 7600 1658
Geoff Nash / Hannah Boros (Corporate
Finance)
Andrew Burdis (ECM)
Walbrook PR Ltd Tel: 020 7933 8780 or lidco@walbrookpr.com
Paul McManus (Media Relations) Mob: 07876 741 001
Lianne Cawthorne (Media Relations) Mob: 07584 391 303
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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