Last checked at 27 Mar 2018 17:23
Physiomics plc
("Physiomics") or ("the Company")
Issue of Options
The Company considers that the award of options linked to company performance are critical to the incentivisation of its senior employees and to ensure that there is alignment between management and shareholders. To this end, the Company today confirms that it has agreed to issue share options to its directors, as detailed in this announcement. Each option forming part of this award is exercisable at a price of 5.35p, being the greater of (i) the average closing price for the three dealing days immediately preceding the date of grant; and (ii) the closing price on the dealing day immediately prior to the date of grant.
1. 520,000 share options over ordinary shares in the Company ("Share Options") have been granted to Dr James Millen under the Enterprise Management Initiative Scheme ("EMI")
2. 350,000 share options over ordinary shares in the Company ("Share Options") have been granted to Dr Christophe Chassagnole under the Enterprise Management Initiative Scheme ("EMI")
3. 140,000 share options over ordinary shares in the Company ("Share Options") have been granted to Dr Paul Harper which do not fall under the Enterprise Management Initiative Scheme
The options vest based on a combination of performance and time-based criteria and can be exercised within 10 years of the date of grant.
Following this issue, Jim Millen will hold options over 1,973,923 ordinary shares of the Company, Christophe Chassagnole will hold options over 1,668,778 ordinary shares in the Company and Paul Harper will hold options over 691,744 ordinary shares in the Company in accordance with the table below:
Option holder | # Options | Exercise price(p) | Expiry date |
J Millen | 1,453,923 | 2.500 | 27-Feb-27 |
520,000 | 5.350 | 26-Mar-28 | |
C Chassagnole | 56,245 | 15.000 | 18-Dec-18 |
118,565 | 40.000 | 29-Feb-20 | |
32,331 | 34.000 | 08-Nov-21 | |
129,381 | 13.200 | 11-Feb-23 | |
322,615 | 6.167 | 23-Mar-25 | |
659,641 | 2.500 | 27-Feb-27 | |
350,000 | 5.350 | 26-Mar-28 | |
P Harper | 23,277 | 15.000 | 18-Dec-18 |
76,645 | 40.000 | 29-Feb-20 | |
12,932 | 34.000 | 08-Nov-21 | |
51,752 | 13.200 | 11-Feb-23 | |
129,046 | 6.167 | 23-Mar-25 | |
258,092 | 3.500 | 20-Dec-25 | |
140,000 | 5.350 | 26-Mar-28 | |
In addition, Jim Millen owns 444,641 ordinary shares (equivalent to 0.76% of the currently issued share capital), Christophe Chassagnole owns 417,008 ordinary shares (equivalent to 0.71% of the currently issued share capital), and Paul Harper owns 525,707 ordinary shares (equivalent to 0.89% of the currently issued share capital).
The total number of shares in issue remains 58,785,394 Ordinary Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Physiomics under the Disclosure and Transparency Rules.
Enquiries:
Physiomics plc
Dr Jim Millen, CEO
+44 (0)1865 784 980
WH Ireland Limited (nomad)
Katy Mitchell
+44 (0) 161 832 2174
Hybridan LLP (broker)
Claire Louise Noyce
+44 (0) 203 764 2341
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 | Dr James Millen | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Physiomics PLC | ||||
b) | LEI | 213800A71DSZ6ABMTQ91 | ||||
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 | Options over Ordinary Shares
GB00BDR6W943 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
520,000 5.35 pence | ||||
e) | Date of the transaction | 27 March 2018 | ||||
f) | Place of the transaction | London, AIM | ||||
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 | Dr Christophe Chassagnole | ||||
2 | Reason for the notification | |||||
a) | Position/status | COO | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Physiomics PLC | ||||
b) | LEI | 213800A71DSZ6ABMTQ91 | ||||
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 | Options over Ordinary Shares
GB00BDR6W943 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
350,000 5.35 pence | ||||
e) | Date of the transaction | 27 March 2018 | ||||
f) | Place of the transaction | London, AIM | ||||
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 | Dr Paul Harper | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/ Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Physiomics PLC | ||||
b) | LEI | 213800A71DSZ6ABMTQ91 | ||||
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 | Options over Ordinary Shares
GB00BDR6W943 | ||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
140,000 5.35 pence | ||||
e) | Date of the transaction | 27 March 2018 | ||||
f) | Place of the transaction | London, AIM | ||||
About Physiomics plc
Physiomics plc (AIM: PYC) is a solutions provider to the R&D-based pharmaceutical and biotechnology industry with a focus on oncology. The Company's Virtual Tumour technology uses computer modelling to predict the effects of cancer drugs and treatments to improve the success rate of drug discovery and development projects while reducing time and cost. The predictive capability of Virtual Tumour has been confirmed by 55 projects, involving over 25 targets and 60 drugs.
Based in Oxford, UK, the Company works with clients worldwide to support their pre-clinical and clinical oncology development programs. Its team of scientists and computer modelling experts provide bespoke solutions encompassing data, analytics and insight.
Physiomics' senior management has academic and commercial expertise, including over 90 years collectively of working in oncology and/or computational biology and over 100 publications in peer reviewed journals.
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.