Circassia Group Plc Grant of Options (1761M)
May 20 2022 - 2:01AM
UK Regulatory
TIDMCIR
RNS Number : 1761M
Circassia Group Plc
20 May 2022
Circassia Group plc
("Circassia" or the "Company")
Grant of options
Oxford, UK - 20 May 2022: Circassia Group plc (LSE: CIR)
announces that it has granted nominal value options to the
Executive Directors over a total of 3,698,277 new ordinary shares
in the Company ("Ordinary Shares") under the 2022 Performance Share
Plan (the "Options").
The Options will vest on the third anniversary of the date of
grant (the "Vesting Date") and are exercisable until the tenth
anniversary of the date of grant, subject also to the closing
mid-market price of an Ordinary Share either: (a) reaching or
exceeding a specified price over a period of 30 consecutive dealing
days prior to the Vesting Date or (b) a liquidity event occurring
above the specified price (in each case, the "Vesting Level").
33 per cent. of the Options will vest in the event that a
Vesting Level of 50p is attained, 66 per cent. of the Options will
vest in the event that a Vesting Level of 60p is attained, with 100
per cent. vesting in the event that a Vesting Level of 70p is
attained.
The Option awards to each Executive Director are shown below and
additional disclosure in relation to PDMR dealing is included at
the end of this announcement.
Name Number of shares
subject to award
Ian Johnson 1,331,897
------------------
Jonathan Emms 1,331,897
------------------
Michael Roller 1,034,483
------------------
Contacts
Circassia
Ian Johnson, Executive Chairman
Michael Roller, Chief Financial Officer +44 (0) 1865 405560
Singer Capital Markets (Nominated Adviser
& Broker) +44 (0) 20 7496
Aubrey Powell / Jen Boorer 3000
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 1. Ian Johnson
2. Jonathan Emms
3. Michael Roller
============================== ===================================================
2. Reason for the notification
===================================================================================
a. Position/status 1. Executive Chairman
2. Chief Operating Officer
3. Chief Financial Officer
============================== ===================================================
b. Initial notification Initial notification
/Amendment
============================== ===================================================
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
===================================================================================
a. Name Circassia Group plc
============================== ===================================================
b. LEI 2138006YAT138TOGA556
============================== ===================================================
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 Options over Ordinary Shares of 0.08p each.
the
Financial instrument,
type of instrument GB00BJVD3B28 ISIN for the Ordinary shares
Identification
code
============================== ===================================================
b. Nature of the G rant of share options under the 2022 Performance
transaction Share Plan over Ordinary Shares in Circassia
============================== ===================================================
c. Price(s) and Price(s) Volume(s)
volume(s) 1. 0.08p 1. 1 ,331,897
2. 0.08p 2. 1 ,331,897
3. 0.08p 3. 1,034,483
---------------
============================== ===================================================
d. Aggregated information
* Aggregated volume
n/a
* Price
============================== ===================================================
e. Date of the transaction 19 May 2022
============================== ===================================================
f. Place of the Outside a trading venue
transaction
============================== ===================================================
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END
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