Eden Research plc Grant of Awards under Long-Term Incentive Plan (0270L)
August 31 2023 - 2:06PM
UK Regulatory
TIDMEDEN
RNS Number : 0270L
Eden Research plc
31 August 2023
31 August 2023
Eden Research plc
("Eden" or "the Company")
Grant of Awards under Long-Term Incentive Plan
Eden Research plc (AIM: EDEN), the AIM-quoted company focused on
sustainable biopesticides and plastic-free formulation technology
for use in global crop protection, animal health and consumer
products industries, confirms the grant of options under the
Company's Long Term Incentive Plan ("LTIP") to Sean Smith, Chief
Executive Officer, and Alex Abrey, Chief Finance Officer (together
the "Executives"), as follows:
The Company has made a grant to the Executives, in respect of
2022 in order to ensure continuity of long term incentive, of
options over 8,698,909 new Ordinary Shares in Eden ("the Options"),
at a strike price of 5.05p each, being the 2022 Volume Weighted
Average Price, in the amounts of 4,968,000 awarded to Sean Smith
and 3,730,909 awarded to Alex Abrey.
The Options expire on 31 August 2027 and vest as follows:
1/3 upon grant
1/3 12 months from the date of grant
1/3 24 months from the date of grant
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail.
Separately, the Board has agreed that it will extend the
exercise date to 31 December 2023 for the 3,500,000 options
(2,000,000 awarded to Sean Smith and 1,500,000 awarded to Alex
Abrey) with a strike price of 6p which were granted to the
Executives in April 2021 under the Company's LTIP and which were
due to expire on 30 June 2023.
The extension has been agreed to due to the unusually long
closed period that the Executives were placed in prior to the
options' expiration date.
For further information contact:
Eden Research plc www.edenresearch.com
Sean Smith
Alex Abrey 01285 359 555
Cenkos Securities plc (Nominated advisor
and broker)
Giles Balleny / Max Gould (corporate
finance)
Michael Johnson (sales) 020 7397 8900
Hawthorn Advisors (Financial PR)
Simon Woods eden@hawthornadvisors.com
Felix Meston
1 Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------
a) Name Sean Smith
--- ------------------------------------------------------------ ---------------------------------------------
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 Eden Research plc
--- ------------------------------------------------------------ ---------------------------------------------
b) LEI 213800ZWTYTVQQSM3J85
--- ------------------------------------------------------------ ---------------------------------------------
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 Options over ordinary shares of 1 pence each
Identification code
GB0001646941
--- ------------------------------------------------------------ ---------------------------------------------
b) Nature of the transaction Grant of options
--- ------------------------------------------------------------ ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5.05p 4,968,000
--------- ----------
--- ------------------------------------------------------------ ---------------------------------------------
d) Aggregated information
- Aggregated volume
- Price N/A
--- ------------------------------------------------------------ ---------------------------------------------
e) Date of the transaction 31 August 2023
--- ------------------------------------------------------------ ---------------------------------------------
f) Place of the transaction Outside of trading venue
--- ------------------------------------------------------------ ---------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
--- -----------------------------------------------------------------------------------------------------------
a) Name Alex Abrey
--- ------------------------------------------------------------ ---------------------------------------------
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 Eden Research plc
--- ------------------------------------------------------------ ---------------------------------------------
b) LEI 213800ZWTYTVQQSM3J85
--- ------------------------------------------------------------ ---------------------------------------------
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 Options over ordinary shares of 1 pence each
Identification code
GB0001646941
--- ------------------------------------------------------------ ---------------------------------------------
b) Nature of the transaction Grant of options
--- ------------------------------------------------------------ ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5.05p 3,730,909
--------- ----------
--- ------------------------------------------------------------ ---------------------------------------------
d) Aggregated information
- Aggregated volume
- Price N/A
--- ------------------------------------------------------------ ---------------------------------------------
e) Date of the transaction 31 August 2023
--- ------------------------------------------------------------ ---------------------------------------------
f) Place of the transaction Outside of trading venue
--- ------------------------------------------------------------ ---------------------------------------------
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END
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