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8 Aug 2019 10:53
8 August 2019
Collagen Solutions plc
("Collagen Solutions" or the "Company")
Director / PDMR Dealing
The Company today announces that, Jamal Rushdy, Chief Executive Officer ("CEO") of the Company, was granted options (the "Options") over 2,025,000 ordinary shares of 1 pence each in the ordinary share capital of the Company ("Shares") exercisable at a price of 3.9 pence per Share.
The Options will vest in three equal tranches on the first, second and third anniversaries of the date of grant. Such vesting will be conditional on his continued employment. In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any period of six months. All Options will lapse after 10 years from the date of grant, being 7 August 2029.
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) | Name | Jamal Rushdy |
2 | Reason for the notification |
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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 | Collagen Solutions Plc |
b) | LEI | 213800IFY1CVGRGETL95 |
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 | Ordinary shares of 1p each
ISIN Code: GB00B94T6Y14 |
b) | Nature of the transaction | Grant of options over ordinary shares of 1p each exercisable at 3.9p per share |
c) | Price(s) and volume(s) |
Price(s): Volume(s):
0 pence 2,025,000 |
| Aggregated information
- Aggregated volume
- Price |
N/A
N/A |
e) | Date of the transaction | 08/08/2019 |
f) | Place of the transaction | Outside a trading venue |
For further information please contact:
Collagen Solutions Plc |
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Jamal Rushdy, CEO | Via Walbrook | ||
Hilary Spence, CFO |
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Cenkos Securities Plc (Nominated Adviser and Broker) |
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Giles Balleny | Tel: 0207 397 8900 | ||
Stephen Keys |
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Walbrook PR Ltd | Tel: 020 7933 8780 or collagen@walbrookpr.com | ||
Anna Dunphy | Mob: 07876 741 001 | ||
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