5th Jul 2019 08:01
Horizon Discovery Group plc
Director/PDMR Shareholding - Employee SAYE Share Plan
Cambridge, UK, 5 July 2019: Horizon Discovery Group plc (LSE: HZD) ("Horizon" or "the Company"), a global leader in the application of gene editing and gene modulation technologies, announces that on 13 June 2019 it invited applications to participate in the H.M. Revenue and Customs "HMRC" approved Save As You Earn option scheme adopted by the Company on 20 March 2014 (the "SAYE Scheme"), allowing employees to participate in the future growth of the Company. All employees, including the Executive Directors of the Company, are entitled to participate in the SAYE Scheme on the same terms. Current HMRC rules allow employees to invest up to a maximum of £500 per month.
On 5 July 2019, the Company granted applicants options to purchase ordinary shares of 1.0 pence each in the Company ("Ordinary Shares") at a fixed price of 118.4p per Ordinary Share. This price represents a 20% discount to the closing mid-market price of the Ordinary Shares on 12 June 2019, being the business day prior to opening of the SAYE Scheme for application. These options vest on 1 September 2022.
Should an employee choose to invest the maximum amount in the SAYE Scheme, it would result in the employee being entitled to buy 15,202 Ordinary Shares at the end of the three year period. However, participants are also entitled to withdraw from the SAYE Scheme at any time, recovering any funds that they may have paid into the scheme.
Mr Terry Pizzie and Mr Jayesh Pankhania, both Executive Directors of the Company, have applied and will participate in the scheme to the maximum amount allowable under the scheme.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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) | Name | Terry Pizzie | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer - Executive Director | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Horizon Discovery Group plc | |
b) | Legal Entity Identifier | 213800L812B9NI5M3G89 | |
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 1.0 pence each GB00BK8FL363 | |
b) | Nature of the transaction | Grant of options to acquire ordinary shares under the Company's SAYE Scheme. Subject to the rules of the SAYE Scheme, the option will vest and be exercisable in 2022 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price | Volume |
118.4p | 15,202 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
N/A | |
f) | Date of the transaction | 5 July 2019 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Jayesh Pankhania | |
2 | Reason for the notification | ||
a) | Position/status | Chief Financial Officer - Executive Director | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Horizon Discovery Group plc | |
b) | Legal Entity Identifier | 213800L812B9NI5M3G89 | |
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 1.0 pence each GB00BK8FL363 | |
b) | Nature of the transaction | Grant of options to acquire ordinary shares under the Company's SAYE Scheme. Subject to the rules of the SAYE Scheme, the option will vest and be exercisable in 2022 | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price | Volume |
118.4p | 15,202 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
N/A | |
f) | Date of the transaction | 5 July 2019 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
Ends
For further information from Horizon Discovery Group plc, please contact:
Horizon Discovery Group plc
Terry Pizzie, Chief Executive Officer
Jayesh Pankhania, Chief Financial Officer
Jon Davies, Head of Investor Relations
Tel: +44 (0) 1223 655 580
Numis Securities Limited (Broker and NOMAD)
Freddie Barnfield / Tom Ballard / Duncan Monteith
Tel: +44 (0) 207 260 1000
Consilium Strategic Communications (Financial Media and Investor Relations)
Mary-Jane Elliott / Matthew Neal / Melissa Gardiner
Tel: +44 (0) 20 3709 5700
Email: [email protected]
Related Shares:
HZD.L