6th Apr 2018 09:31
Collagen Solutions Plc
(the "Company")
6 April 2018
Director / PDMR Dealing
The Company today announces that on 5 April 2018, Hilary Spence, Chief Financial Officer ("CFO") of the Company, was granted options (the "Options") over 2,000,000 ordinary shares of 1 pence each in the share capital of the Company ("Shares") exercisable at a price of 2.70 pence per Share.
The Options, will vest in three equal tranches on the first, second and third anniversaries of 3 January 2018, being the date of Ms. Spence's appointment as CFO. Such vesting will be conditional on her continued employment. In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any period of six months. All Options will lapse after 10 years from the date of grant, being 5 April 2018.
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 | Hilary Spence |
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 | Collagen Solutions Plc |
b) | LEI | 213800IFY1CVGRGETL95 |
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 | Ordinary shares of 1p each
ISIN Code: GB00B94T6Y14 |
b) | Nature of the transaction | Grant of options over ordinary shares of 1p each exercisable at 2.70p per share |
c) | Price(s) and volume(s) |
Price(s): Volume(s):
2.70 pence 2,000,000 |
Aggregated information
- Aggregated volume
- Price |
N/A
N/A | |
e) | Date of the transaction | 05/04/2018 |
f) | Place of the transaction | Outside a trading venue |
For further information please contact:
Collagen Solutions PlcJamal Rushdy, Chief Executive OfficerHilary Spence, Chief Financial OfficerLisa Baderoon, Head of Investor Relations | Tel: +44 (0) 141 648 9100Tel: +44 (0) 7721 413 496 or [email protected] |
Cenkos Securities plc (NOMAD and Broker)Stephen KeysSteve Cox | Tel: +44 (0) 207 397 8900 |
Walbrook PRAnna DunphyHelen Cresswell | Tel: +44 (0) 20 7933 8780 or [email protected]: +44 (0) 7876 741 001 |
Related Shares:
COS.L