Last checked at 8 Nov 2018 07:00
8 November 2018
Inspiration Healthcare Group plc
("Inspiration Healthcare" or the "Company")
Grant of Options
Inspiration Healthcare Group plc (AIM: IHC), the global medical device company, announces that, on 7th November 2018 the Company granted enterprise management incentive options ("EMI Options") over 348,603 new ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") to certain persons discharging managerial responsibilities ("PDMRs") and employees under the Inspiration Healthcare Group plc Long Term Incentive Plan ("Option Scheme"). Following this grant, the Company has granted options over a total of 608,941 new Ordinary Shares representing approximately 2% of the Company's existing issued ordinary share capital.
The EMI Options are exercisable at nil cost and are subject to a performance condition, to be measured over a three-year period ending on 31 January 2021, of growth in earnings per Ordinary Share in issue ("EPS") of 40% or more compounded over the three-year period. If the growth in EPS is less than 40% but greater than 35% the number of EMI Options available for exercise will be capped at 75% of those granted. If the growth in EPS is less than 35% but greater than 30% the number of EMI Options available for exercise will be capped at 50% of those granted. If the growth in EPS is less than 30% the EMI Options will lapse.
If they vest and subject to the rules of the Option Scheme, the EMI Options are exercisable for a period of two years following publication of the audited accounts of the Company for the financial year ending on 31 January 2021.
The Company announces the following PDMR dealings in accordance with article 19(3) of the Market Abuse Regulation:
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Neil Campbell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105 | ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mike Briant | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105
| ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Toby Foster | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Sales Director | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105 | ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Simon Travers | ||||
2 | Reason for the notification | |||||
a) | Position/status | Head of Regulatory Affairs and Quality Assurance | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105 | ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information-
Aggregated volume
- Price |
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name
| Jon Ballard | ||||
2 | Reason for the notification | |||||
a) | Position/status | Group Financial Controller | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105 | ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | John Nash | ||||
2 | Reason for the notification | |||||
a) | Position/status | Head of Marketing | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105
| ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e)
| Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Wei Yu | ||||
2 | Reason for the notification | |||||
a) | Position/status | Head of R&D | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Inspiration Healthcare Group plc | ||||
b) | LEI | 213800GKFT3ENAPMDL15 | ||||
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 10p each
ISIN: GB00BXDZL105 | ||||
b) | Nature of the transaction | Grant of Options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
| ||||
e) | Date of the transaction | 7th November 2018 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
Enquiries:
Inspiration Healthcare Group plc
Neil Campbell, Chief Executive Officer Mike Briant, Chief Financial Officer |
Tel: 01455 840555
|
Nominated Adviser & Broker Cenkos Securities plc
Mark Connelly (NOMAD) |
Tel: 0207 397 8900
|
Cadogan PR
Alex Walters |
Tel: 07771 713608 |