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Director/PDMR Shareholding

3 Oct 2019 07:00

RNS Number : 5832O
Collagen Solutions PLC
03 October 2019
 

Collagen Solutions plc

(the "Company")

 

Director/PDMR Dealing

 

Collagen Solutions plc (AIM: COS), the developer and manufacturer of biomaterials and regenerative medicines for the enhancement and extension of human life, announces that, on 2 October 2019, it granted awards ("Awards") over ordinary shares of 1 pence each in the share capital of the Company ("Shares") to the executive directors and other persons discharging managerial responsibility ("PDMRs") set out in the table below pursuant to the terms of its newly adopted deferred bonus plan (the "DBP").

 

The DBP enables the Company to deliver some or all of an executive's annual bonus entitlement in the form of a right to acquire Shares, the vesting of which is normally conditional on continued employment over a specified period. No additional performance conditions have to be satisfied in order for Awards to vest.

 

The Awards listed in the table below relate to the bonuses earned by the relevant individuals in respect of the Company's financial year that ended on 31 March 2019. The number of Shares over which they have been granted was calculated by reference to a price per Share of 5.0p (being the price payable by investors under the Company's fundraising that completed in June 2019).

 

Director/PDMR

Position

Number of Shares over which Awards granted on 2 October 2019

Jamal Rushdy1

Chief Executive Officer

906,145

Lou Ruggiero1

Chief Business Officer

806,559

Hilary Spence2

Chief Financial Officer

336,000

Tom Hyland2

Chief Operating Officer

327,600

Chris Wattengel1

PDMR / VP Global R&D

246,514

Kevin Darling2

PDMR / VP Tissue Products

173,596

 

Notes:

1 This individual's Award has been granted as a "conditional share award" in terms of which the relevant Shares will automatically be released to him/her, for no consideration, on vesting.

2 This individual's Award has been structured as a "nil cost option" which has an exercise period of ten years from grant.

 

Each of the above Awards will normally vest on 9 July 2020 and it is anticipated that any Shares to which the individuals become entitled will be delivered by the Company's recently established employee benefit trust.

 

 

 

 

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

1. Jamal Rushdy

2. Lou Ruggiero

3. Hilary Spence

4. Tom Hyland

5. Chris Wattengel

6. Kevin Darling

2

Reason for the notification

a)

Position/status

1. Chief Executive Officer

2. Chief Business Officer

3. Chief Financial Officer

4. Chief Operating Officer

5. PDMR / VP Global R&D

6. PDMR / VP Tissue Products

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

Ordinary shares of 1p each ("Shares")

Identification code

ISIN Code: GB00B94T6Y14

b)

Nature of the transaction

Grant of awards over Shares pursuant to the Collagen Solutions plc Deferred Bonus Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

nil

906,145

2.

nil

806,559

3.

nil

336,000

4.

nil

327,600

5.

nil

246,514

6.

nil

173,596

 

d)

Aggregated information

- Aggregated volume

- Price

1. N/A single transaction

2. N/A single transaction

3. N/A single transaction

4. N/A single transaction

5. N/A single transaction

6. N/A single transaction

e)

Date of the transaction

2019-10-02

f)

Place of the transaction

Outside a trading venue

 

Collagen Solutions Plc

 

Jamal Rushdy, CEO 

Via Walbrook

Hilary Spence, CFO

 

 

 

Cenkos Securities Plc (Nominated Adviser and Broker)

 

Giles Balleny

Tel: 0207 397 8900

Stephen Keys

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780 or collagen@walbrookpr.com

Anna Dunphy

Mob: 07876 741 001

     

 

About Collagen Solutions:

Collagen Solutions Plc is a global supplier, developer, and manufacturer of medical grade collagen, tissues, and related medical devices and components for use in regenerative medicine, tissue engineering, and research. The Company is also expanding its range of biomaterials-based finished medical devices based on its internal and acquired intellectual property for commercialisation with partners via licensing and distribution arrangements, including ChondroMimetic®. The Company's products are used in a wide variety of applications including orthopaedics, cardiovascular, dental, plastic surgery, wound healing, neurology and urology.

 

For more information go to: www.collagensolutions.com 

 

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
 
 
DSHCKBDNABDDKKK
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2nd Oct 20208:30 amRNSForm 8.5 (EPT/NON-RI)
29th Sep 20209:36 amRNSForm 8.3 - [COLLAGEN SOLUTIONS PLC]
28th Sep 20209:11 amRNSForm 8.5 (EPT/NON-RI)
25th Sep 20201:02 pmRNSNotice of AGM
24th Sep 20208:32 amRNSForm 8.5 (EPT/NON-RI)
23rd Sep 202010:01 amRNSForm 8.5 (EPT/NON-RI)
18th Sep 20209:07 amRNSForm 8.5 (EPT/NON-RI)
17th Sep 20209:42 amRNSForm 8.3 - Collagen Solutions PLC
17th Sep 20208:29 amRNSForm 8.5 (EPT/NON-RI)
15th Sep 20201:04 pmRNSForm 8.3 - Collagen Solutions
15th Sep 20209:19 amRNSForm 8.5 (EPT/NON-RI)
14th Sep 202011:00 amRNSPosting of Offer Document
14th Sep 20209:13 amRNSForm 8.5 (EPT/NON-RI)
11th Sep 20209:20 amRNSForm 8.5 (EPT/NON-RI)
9th Sep 20203:53 pmRNSForm 8.3 - Collagen Solutions
9th Sep 202010:23 amRNSForm 8.5 (EPT/NON-RI)
8th Sep 20209:25 amRNSForm 8.3 - [COLLAGEN SOLUTIONS PLC]
7th Sep 20202:19 pmRNSForm 8.3 - Collagen Solutions
7th Sep 20209:40 amRNSForm 8.3 - [COLLAGEN SOLUTIONS PLC]
4th Sep 202011:27 amRNSForm 8.3 - Collagen Solutions
3rd Sep 20208:38 amRNSForm 8.5 (EPT/NON-RI)
2nd Sep 20204:30 pmRNSForm 8 (OPD) (Offeror - Rosen's Diversified, Inc.)
2nd Sep 20201:59 pmRNSForm 8.3 - Collagen Solutions
2nd Sep 202011:17 amRNSForm 8.3 - [COLLAGEN SOLUTIONS PLC]
2nd Sep 202010:23 amRNSForm 8.3 - [COLLAGEN SOLUTIONS PLC]
2nd Sep 20208:26 amRNSForm 8.5 (EPT/NON-RI)
1st Sep 20202:45 pmRNSForm 8.3 - Collagen Solutions plc
1st Sep 202012:48 pmRNSForm 8.3 - Collagen Solutions plc (Amendment)
1st Sep 202010:25 amRNSForm 8.3 - Collagen Solutions plc
1st Sep 20209:38 amRNSForm 8.3 - Collagen Solutions
1st Sep 20209:36 amRNSForm 8.3 - Collagen Solutions
1st Sep 20209:29 amRNSForm 8 (DD) - Collagen Solutions
1st Sep 20207:58 amRNSForm 8.5 (EPT/NON-RI)
28th Aug 20205:25 pmRNSForm 8 (DD) - Collagen Solutions
28th Aug 20203:27 pmRNSDirector/PDMR Shareholding
28th Aug 20201:34 pmGNWForm 8.3 - Collagen Solutions Plc [Amendment]
28th Aug 202010:24 amGNWForm 8.3 - Collagen Solutions Plc
28th Aug 20208:15 amRNSForm 8.5 (EPT/NON-RI)

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