1 May 2020 11:12
Grant of options
Oxford, UK - 1 May 2020: Circassia Group plc ("Circassia" or "the Company"; LSE: CIR), a specialty biopharmaceutical company focused on respiratory disease, announces that it has today granted 6,806,199 nominal and nil-cost cost options ("Options") over new ordinary shares in the Company ("Ordinary Shares") to the Executive Directors under the 2019 Performance Share Plan.
Name | Price per Ordinary Share | Number of shares subject to award |
Michael Roller | Nil | 4,000,000 |
Ian Johnson | Nil | 1,677,233 |
Jonathan Emms | 0.08p | 1,128,966 |
The Options will vest on the third anniversary of the date of grant and are exercisable until the tenth anniversary of the date of grant. Vesting is subject to either the price of an Ordinary Share reaching 62.4p for at least 30 consecutive dealing days or a liquidity event occurring above this level.
Contacts
Circassia Ian Johnson, Executive Chairman Michael Roller, Chief Financial Officer | c/o Peel Hunt
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Peel Hunt (Nominated Adviser and Joint Broker) James Steel / Oliver Jackson
| Tel: +44 (0) 20 7418 8900
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finnCap (Joint Broker) Geoff Nash / Alice Lane | Tel: +44 (0) 20 7220 0500 |
Numis Securities (Joint Broker) James Black / Freddie Barnfield
| Tel: +44 (0) 20 7260 1000
|
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 | Ian Johnson Michael Roller Jonathan Emms | ||||||||
2. | Reason for the notification | |||||||||
a. | Position/status | Executive Chairman Chief Financial Officer Chief Operating Officer | ||||||||
b. | Initial notification /Amendment
| Initial notification | ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a. | Name | Circassia Group plc | ||||||||
b. | LEI | 2138006YAT138TOGA556 | ||||||||
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 of 0.08p each.
GB00BJVD3B28 ISIN for the Ordinary shares | ||||||||
b. | Nature of the transaction | Award of share options granted under the 2019 Performance Share Plan over Ordinary Shares in Circassia
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c. | Price(s) and volume(s) |
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d. | Aggregated information · Aggregated volume · Price
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n/a
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e. | Date of the transaction | 1 May 2020 | ||||||||
f. | Place of the transaction | Outside a trading venue
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CIR.L (CIR)