Source - RNS
RNS Number : 0995K
Collagen Solutions PLC
06 April 2018
 

 

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 Plc
Jamal Rushdy, Chief Executive Officer
Hilary Spence, Chief Financial Officer
Lisa Baderoon, Head of Investor Relations

Tel: +44 (0) 141 648 9100


Tel: +44 (0) 7721 413 496 or 
[email protected]

Cenkos Securities plc (NOMAD and Broker)
Stephen Keys
Steve Cox

Tel: +44 (0) 207 397 8900

Walbrook PR
Anna Dunphy
Helen Cresswell

Tel: +44 (0) 20 7933 8780 or [email protected]
Mob: +44 (0) 7876 741 001

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHFKADBFBKKFQK

Related Charts

Collagen Solutions (COS)

0.00p (0.00%)
delayed 10:09AM