14 Jun 2017 07:00
Kin Group Plc / Epic: KIN / Index: AIM
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
14 June 2017
KIN GROUP PLC ('KIN' OR 'THE COMPANY')
Grant of Options
Kin Group Plc (AIM: KIN), the AIM quoted digital wellness provider for corporate organisations trading as Kin Wellness, announces that it has today granted options to Heidi Steiger, its non-executive Director, over an aggregate of 11,082,303 Ordinary Shares, representing 0.61% of the enlarged issued share capital of the Company pursuant to the Company's Unapproved Share Option Scheme 2016. The options are exercisable between the third and tenth anniversary of grant or in the event of a takeover. One third of the options will be exercisable at 0.25p per share, one third at 0.35p per share and the remainder at 0.5p per Ordinary Share.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Heidi Steiger | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Kin Group Plc | ||||
b) | LEI | N/A | ||||
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, type of instrument Identification code | Options over Ordinary shares of 0.01 pence each
GB00B57JBH88 | ||||
b) | Nature of the transactions | Grant of share options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
11,082,303 Subject to conditions set out in the Agreement | ||||
e) | Date of the transaction | 14 June 2017 | ||||
f) | Place of the transaction | Off market | ||||
**ENDS**
For further information visit www.kinwellness.com
Contact:
Anna Gudmundson / Donald Stewart
| Kin Group Plc | 020 7449 4949 |
Mark Brady / Neil Baldwin
| SPARK Advisory Partners Limited (Nominated Advisor)
| 020 3368 3551 |
Claire Louise Noyce | Hybridan LLP, Broker | 020 3764 2341
|
Stephanie Forrest | T/F/D, Public Relations | 07917 695755 |
Notes
About Kin Wellness
Kin Wellness provides digital wellness solutions that empower employers to create a positive culture of health within their organisation. By helping employees to embrace a healthier way of living, Kin Wellness can help maximise performance, reduce absenteeism, decrease the risk of chronic illness, and lower healthcare costs.
The Company's technological edge allows it to address holistic wellness by engaging both individuals and teams through intelligent, personalised interaction and gamification. This is an opportunity to make incremental behavioural changes that will last a lifetime. The progress of individuals translates to actionable data, meaningful reporting and insights that allow the organisation to monitor the impact of the programme and to refine it in order to achieve success.
Shares are admitted to trading on the London Stock Exchange AIM market under ticker KIN.