Instem plc
("Instem", the "Company" or the "Group")
Grant of Options
Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that Phil Reason (Chief Executive Officer) and Nigel Goldsmith (Chief Financial Officer) have been granted awards of nil-cost options over 4,387 and 3,031 ordinary shares of 10 pence each ("Ordinary Shares") respectively under the Instem plc 2018 Long Term Incentive Plan ("LTIP"). These options will ordinarily vest and become exercisable on 1 January 2024 pursuant to the rules of the LTIP, conditional upon the individual being in employment with the Group at the date of vesting.
After these grants of options, Mr Reason and Mr Goldsmith hold options over a total of 183,816 and 254,531 Ordinary Shares, respectively.
For further information please contact:
| Instem plc | |
| Phil Reason, Chief Executive Officer | via Walbrook Financial PR |
| N+1 Singer - NOMAD and Broker | |
| Peter Steel, Alex Bond (Corporate Finance) | +44 (0) 20 7496 3000 |
| Walbrook Financial PR | |
| Tom Cooper Nick Rome | +44 (0) 20 7933 8000 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in respect of the grant of share options today to Mr Reason and Mr Goldsmith)
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Phil Reason | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Instem plc | |
| b) | LEI | 213800PILYUFNNROQX68 | |
| 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 10 pence each
GB00B3TQCK30 | |
| b) | Nature of the transaction | Grant of nil cost options under the Company's LTIP | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| Nil | 4,387 | ||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | |
| e) | Date of the transaction | 16 April 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
| a) | Name | Nigel Goldsmith | |
| 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 | Instem plc | |
| b) | LEI | 213800PILYUFNNROQX68 | |
| 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 10 pence each
GB00B3TQCK30 | |
| b) | Nature of the transaction | Grant of nil cost options under the Company's LTIP | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| Nil | 3,031 | ||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | |
| e) | Date of the transaction | 16 April 2021 | |
| f) | Place of the transaction | Outside a trading venue | |
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