6 Oct 2016 17:04
6 October 2016
Bioquell plc
("Bioquell" or the "Company")
Grant of Options
Bioquell announces that, on 4 October 2016, the Company granted options ("Options") over a total of 385,000 ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's Unapproved and Approved Share Option Plans. Of these Options, 35,000 were granted to a Person Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company, with 350,000 granted to ten other employees.
All Options will vest on 3 October 2019 subject to achievement by the individual recipient of continuous employment, except that they will vest automatically upon the sale of the Company. The Options are exercisable at 132.5 pence per Ordinary Share, with an expiry date for exercise of 3 October 2026 (for those options granted under the Approved CSOP Scheme) and 3 October 2023 (for those options granted under the Unapproved Scheme).
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | Georgina Pope - Company Secretary |
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above for positions - classified as a PDMR of Bioquell |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Bioquell plc |
b)
| LEI | 2138 005 BQVKIZE 84122 |
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
| The grant of Options on 4 October 2016 over Ordinary Shares |
b) | Identification code
| GB0004992003 |
c)
| Nature of the transaction
| Grant of Options over Ordinary Shares pursuant to the Company's CSOP and Unapproved Share Option plans
|
d)
| Price(s) and volume(s) | Price - 132.5p Volume(s) Georgina Pope - 35,000 Options
|
d)
| Aggregated information - Aggregated volume - Price | N/a
|
e)
| Date of the transaction | 4 October 2016 |
f)
| Place of the transaction | Outside a trading venue |
Name of authorised official of issuer responsible for making notification.
Georgina Pope
Company Secretary to Bioquell plc
For further information:
Bioquell plc | Tel: 01264 835000 |
Michael Roller, FD | |
Georgina Pope, Company Secretary | |