Last checked at 4 May 2017 07:00
Venture Life Group plc
("Venture Life" or "the Company")
4 May 2017
Grant of Options
Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces that it has granted a total of 365,000 options over ordinary shares in the Company (the "Options"), to various employees including a Person Discharging Managerial Responsibility ("PDMRs"). The Options were granted on 2 May 2017 and vest in three equal tranches on the first, second and third anniversary following the date of grant. The Options are exercisable at a price of 59.5p per share.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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)
| Names | Peter Shepherd - Group Financial Controller |
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above for position - Peter Shepherd classified as a PDMR of Venture Life |
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 | |
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
| Ordinary Shares of 0.3p 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 | Price - 59.5p, 55,000 options |
d)
| Aggregated information - Aggregated volume - Price | |
e)
| Date of the transaction | 2 May 2017 |
f) | Place of the transaction | Outside a trading venue |
For further information, please contact:
Venture Life Group PLC | +44 (0) 1344 742870 | |
Jerry Randall, Chief Executive Officer |
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Adrian Crockett, Chief Financial Officer |
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Northland Capital Partners Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3861 6625 | |
Matthew Johnson / Edward Hutton / Margarita Mitropoulou (Corporate Finance) |
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Bob Pountney / John Howes (Corporate Broking) |
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Turner Pope Investments (TPI) Ltd (Joint Broker) | +44 (0) 20 3621 4120 | |
James Pope / Ben Turner |
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Walbrook PR | venturelife@walbrookpr.com or + 44 (0) 20 7933 8780 | |
Paul McManus / Anna Dunphy | +44 (0) 7980 541 893 / +44 (0) 7876 741 001 | |
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