Last checked at 6 Jan 2020 15:38
6 January 2020
Venture Life Group plc
("Venture Life" or the "Company")
Grant of Options
Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market, announces that it has granted further share options ("Options") over ordinary shares of 0.3 pence each in the capital of the Company ("Ordinary Shares").
On 6 January 2020 (the "Date of Grant"), Venture Life granted Options over a total of 4,000,000 Ordinary Shares to its four Executive Directors at a strike price of 33.7 pence per share, being the average of the closing market price on the five business days starting 19 December 2019. Vesting of the Options is subject to continued employment. The Options will vest in equal tranches on the following dates: 31 March 2020, 31 March 2021 and 31 March 2022.
Director | Position | Number of Options in this grant |
Jerry Randall | Chief Executive Officer | 1,000,000 |
Gianluca Braguti | Chief Manufacturing Officer | 1,000,000 |
Sharon Collins | Chief Commercial Officer | 1,000,000 |
Andrew Waters | Chief Financial Officer | 1,000,000 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a.) | Names | 1. Jerry Randall 2. Gianluca Braguti 3. Sharon Collins 4. Andrew Waters | ||||
2. | Reason for the notification | |||||
a.) | Position/status | 1. Chief Executive Officer 2. Chief Manufacturing Officer 3. Chief Commercial Officer 4. 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 | Venture Life Group PLC | ||||
b.) | LEI | 213800S8CZUPLAB2KC70 | ||||
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 | Options over Ordinary Shares of 0.3 pence each in Venture Life Group plc | ||||
b.) | Identification code | GB00BFPM8908 | ||||
c.) | Nature of the transaction | Grant of Options over Ordinary Shares | ||||
d.) | Price and volumes |
| ||||
e.) | Aggregated information - Aggregated volume - Price |
n/a | ||||
f.) | Date of the transaction | 6 January 2020 | ||||
g.) | Place of the transaction | Outside a trading venue | ||||
For further information please contact:
Venture Life Group PLC | +44 (0) 1344 578 004 | |
Jerry Randall, Chief Executive Officer | ||
Andrew Waters, Chief Financial Officer
| ||
Cenkos (Nominated Adviser and Joint Broker) | +44 (0) 207 397 8900 | |
Mark Connelly / Stephen Keys / Cameron MacRitchie (Corporate Finance) / Russell Kerr / Michael Johnson (Sales) | ||
Alma PR | venturelife@almapr.com or +44 (0) 203 405 0208 | |
Helena Bogle/Hilary Buchanan/Jessica Joynson | ||