21 Dec 2020 15:59
Horizon Discovery Group plc
("Horizon" or the "Company")
Exercise of Options, Issue of Equity and Rule 2.9 announcement
Cambridge, UK - 21 December 2020: Horizon Discovery Group plc (LSE: HZD), a cell engineering company focused on commercialising the application of gene editing and gene modulation, announces that, following the Court sanctioning the Scheme in relation with the recommended cash offer by PerkinElmer UK earlier today, the Company has today allotted and issued a total of 5,850,657 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") pursuant to the exercise of options. This comprises 4,000,443 options exercised today, 21 December 2020, by certain employees and former employees and 1,850,214 options exercised today by the following PDMRs:
Name | Number of options exercised | Respective option plan | Exercise Price per share |
Ian Gilham | 57,300 | EMI Scheme | £0.6774 |
Ian Gilham | 85,950 | EMI Scheme | £0.8726 |
Jayesh Pankhania | 17,167 | LTIP | £1.7475 |
Jayesh Pankhania | 111,588 | LTIP | £1.7475 |
Jayesh Pankhania | 45,064 | LTIP | £0.01 |
Jayesh Pankhania | 419,817 | LTIP | £1.64 |
Jayesh Pankhania | 57,712 | LTIP | £0.01 |
Siddhartha Kadia | 150,000 | LTIP | £1.03 |
Terry Pizzie | 60,185 | LTIP | £1.62 |
Terry Pizzie | 7,812 | LTIP | £0.01 |
Terry Pizzie | 15,031 | LTIP | £1.57 |
Terry Pizzie | 41,401 | LTIP | £0.01 |
Terry Pizzie | 70,730 | LTIP | £0.01 |
Terry Pizzie | 624,594 | LTIP | £1.64 |
Terry Pizzie | 85,863 | LTIP | £0.01 |
As a result of the option exercises, the PDMRs have increased their shareholdings as detailed below:
| Options exercised in aggregate | No. of ordinary shares in which the Directors (or their close relatives) had an interest before the option exercise | No. of ordinary shares held in the Company following the option exercises |
Ian Gilham | 143,250 | 145,592 | 288,842 |
Terry Pizzie | 905,616 | 42,285 | 947,901 |
Jayesh Pankhania | 651,348 | 90,768 | 742,116 |
Siddhartha Kadia | 150,000 | 0 | 150,000 |
As a result of the exercise of options, application has been made for the 5,850,657 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 22 December 2020. The new Ordinary Shares will rank pari passu with the existing shares of the Company.
In accordance with Rule 2.9 of the City Code on Takeovers and Mergers, Horizon confirms that, on 21 December 2020 (the date of this announcement), it has 164,214,591 ordinary shares of £0.01 each in issue. The International Securities Identification Number ("ISIN") for the Company's ordinary shares is GB00BK8FL363.
The above figure (164,214,591) may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used in this announcement (the "Announcement"), unless otherwise defined, have the same meanings as set out in the Scheme Document.
Enquiries:
Horizon
Terry Pizzie, Chief Executive Officer Tel: +44 (0) 122365 5580
Jayesh Pankhania, Chief Financial Officer
Jon Davies, Head of Investor Relations
Evercore (Lead Financial Adviser to Horizon)
Simon Elliott Tel: +44 (0) 20 7653 6000
Edward Banks
Numis (Joint Financial Adviser, Broker and NOMAD to Horizon)
Freddie Barnfield Tel: +44 (0) 20 7260 1000
Stuart Ord
Duncan Monteith
Consilium Strategic Communications (Financial Media and UK Investor Relations Adviser to Horizon)
Mary-Jane Elliott Tel: +44 (0) 7720 088 468
Matthew Neal
Melissa Gardiner
1. | Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA') | |||||||
a) | Name | Ian Gilham | ||||||
2. | Reason for notification | |||||||
a) | Position / status | Non-executive Chairman | ||||||
b) | Initial notification / amendment | Initial Notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Horizon Discovery Group plc | ||||||
b) | LEI | 213800L812B9NI5M3G89 | ||||||
4. | Details of the transaction(s): | |||||||
a) | Description of the financial instrument Identification code | Options over ordinary shares of £0.01 each ISIN: GB00BK8FL363 | ||||||
b) | Nature of the transaction | Exercise of options
| ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information Aggregated volume Price |
143,250 £113,814.99 | ||||||
e) | Date of the transaction | 21 December 2020 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||
1. | Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA') | |||||||||||||||||
a) | Name | Terry Pizzie | ||||||||||||||||
2. | Reason for notification | |||||||||||||||||
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 | Horizon Discovery Group plc | ||||||||||||||||
b) | LEI | 213800L812B9NI5M3G89 | ||||||||||||||||
4. | Details of the transaction(s): | |||||||||||||||||
a) | Description of the financial instrument Identification code | Options over ordinary shares of £0.01 each ISIN: GB00BK8FL363 | ||||||||||||||||
b) | Nature of the transaction | Exercise of options
| ||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||
d) | Aggregated information Aggregated volume Price |
905,616 £1,147,490.59 | ||||||||||||||||
e) | Date of the transaction | 21 December 2020 | ||||||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||||||
1. | Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA') | |||||||||||||
a) | Name | Jayesh Pankhania | ||||||||||||
2. | Reason for notification | |||||||||||||
a) | Position / status | Chief Financial Officer | ||||||||||||
b) | Initial notification / amendment | Initial Notification | ||||||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | Horizon Discovery Group plc | ||||||||||||
b) | LEI | 213800L812B9NI5M3G89 | ||||||||||||
4. | Details of the transaction(s): | |||||||||||||
a) | Description of the financial instrument Identification code | Options over ordinary shares of £0.01 each ISIN: GB00BK8FL363 | ||||||||||||
b) | Nature of the transaction | Exercise of options
| ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information Aggregated volume Price |
651,348 £914,527.00 | ||||||||||||
e) | Date of the transaction | 21 December 2020 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||||||
1. | Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA') | |||||
a) | Name | Siddhartha Kadia | ||||
2. | Reason for 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 | Horizon Discovery Group plc | ||||
b) | LEI | 213800L812B9NI5M3G89 | ||||
4. | Details of the transaction(s): | |||||
a) | Description of the financial instrument Identification code | Options over ordinary shares of £0.01 each ISIN: GB00BK8FL363 | ||||
b) | Nature of the transaction | Exercise of options
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price |
150,000 £154,500.00 | ||||
e) | Date of the transaction | 21 December 2020 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||