18 Dec 2020 10:30
18 December 2020
DeepMatter Group plc
("DeepMatter", the "Company" or "the Group")
Grant of Options
DeepMatter (AIM: DMTR), the AIM-quoted company focusing on digitising chemistry, announces that options over a total of 5,000,000 ordinary shares have been granted to Fraser Benson, Chief Financial Officer, under the Share Option Plan 2017 ("Options"). The exercise price of the Options is 2.5p, aligned with those issued to the management team in 2019 under the same scheme. Provided Fraser Benson remains an employee, his options vest over 36 months starting from 1 February 2021 subject to the specific share price triggers set out in the table below being reached. All unexercised options lapse after 10 years from the date of grant.
Share Price Trigger (£) | Number of plan shares in respect of which the Options may be exercised |
None | 1,666,656 |
0.04 | 1,111,112 |
0.06 | 277,778 |
0.08 | 277,778 |
0.10 | 277,778 |
0.12 | 277,778 |
0.14 | 277,778 |
0.16 | 277,778 |
0.18 | 277,778 |
0.20 | 277,775 |
For more information, please contact:
DeepMatter Group plc | T: 0141 548 8156 |
Mark Warne, Chief Executive Officer |
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Canaccord Genuity Limited (Nominated Advisor and Broker) |
T: 020 7523 8000 |
Bobbie Hilliam / Angelos Vlatakis |
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Alma PR | T: 020 3405 0205 |
Caroline Forde / Harriet Jackson / Kieran Breheny | deepmatter@almapr.co.uk |
About DeepMatter Group plc
DeepMatter's long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics. It has developed and is commercialising data rich platform technologies, including software and laboratory hardware, focused on applications to improve R&D productivity and discovery using Machine Learning / Artificial Intelligence.
DeepMatter's technologies allow chemistry experiments to be accurately and systematically recorded, coded and entered into a shared data cloud. They are designed to enable chemists to work together effectively; sharing the details of their experiments from anywhere and in real-time, so that work is not needlessly duplicated, time and money wasted, and ultimately so new discoveries may be made faster.
Visit: www.deepmatter.io and follow @deepmattergroup
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Fraser Benson | ||||
2 | Reason for the notification | |||||
a) | Position/status | 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 | DeepMatter Group plc | ||||
b) | LEI | 213800WSAEORFSGUAB87 | ||||
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 0.01 pence each | ||||
Identification code | ISIN: GB00B29YYY86 | |||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
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d)
| Aggregated information | |||||
- Aggregated volume - Price - Total
| N/A | |||||
e) | Date of the transaction | 17 December 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
DMTR.L (DMTR)