1 Oct 2020 08:00
1 October 2020
DeepMatter Group plc
("DeepMatter", the "Company" or "the Group")
Grant of Options
DeepMatter (AIM: DMTR), the AIM-quoted company focusing on digitising chemistry, announces that options over a total of 5,000,000 ordinary shares have been granted to Alan Dunn, Chief Operating Officer, under the Share Option Plan 2017 ("Options"). The exercise price of the Options is 2.5p, aligned with those issued to the management team in 2019 under the same scheme. Provided Alan Dunn remains an employee, his options vest over 36 months starting from the commencement of his employment subject to the specific share price triggers set out in the table below being reached. All unexercised options lapse after 10 years from the date of grant.
Share Price Trigger (£) | Number of plan shares in respect of which the Options may be exercised |
0.04 | 1,111,112 |
0.06 | 277,778 |
0.08 | 277,778 |
0.10 | 277,778 |
0.12 | 277,778 |
0.14 | 277,778 |
0.16 | 277,778 |
0.18 | 277,778 |
0.20 | 277,775 |
For more information, please contact:
DeepMatter Group plc | T: 0141 548 8156 |
Mark Warne, Chief Executive Officer |
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Canaccord Genuity Limited (Nominated Advisor and Broker) |
T: 020 7523 8000 |
Bobbie Hilliam / Angelos Vlatakis |
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Alma PR | T: 020 3405 0205 |
Caroline Forde / Harriet Jackson / Kieran Breheny | deepmatter@almapr.co.uk |
About DeepMatter Group plc
DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics. In the near term this involves the provision of an integrated software, hardware and artificial intelligence enabled platform, DigitalGlassware™, to scientists across research and process development sectors.
The DigitalGlassware™ platform allows chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud. The platform is designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made faster.
Visit: www.deepmatter.io and follow @deepmattergroup
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Alan Dunn | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | DeepMatter Group plc | ||||
b) | LEI | 213800WSAEORFSGUAB87 | ||||
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| 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 0.01 pence each | ||||
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Identification code | ISIN: GB00B29YYY86 | |||||
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b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
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d)
| Aggregated information |
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- Aggregated volume - Price - Total
| N/A | |||||
e) | Date of the transaction | 30 September 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||