Cambridge Cognition Holdings PLC Grant of Options (2556V)
November 02 2017 - 3:00AM
UK Regulatory
TIDMCOG
RNS Number : 2556V
Cambridge Cognition Holdings PLC
02 November 2017
Cambridge Cognition Holdings Plc
('Cambridge Cognition' or the 'Company')
Grant of Options
The neuroscience digital health company Cambridge Cognition
Holdings PLC (Cambridge, UK - LSE: COG), which develops and markets
software products to improve brain health, announces that on 1(st)
November 2017, the Company granted options ("Options") over a total
of 50,000 ordinary shares of 1 pence each in the capital of the
Company ("Ordinary Shares") pursuant to the Company's EMI option
scheme to a Person Discharging Managerial Responsibilities ("PDMR")
on behalf of the Company.
The 50,000 Options granted to the PDMR are exercisable at a
price of 1 pence per Ordinary Share from three years following the
date of award until the tenth anniversary of the date of award,
subject to satisfying the following performance criteria:
- 55% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for the final 10 trading days
of 2018 is greater than 140 pence per Ordinary Share. A pro rata
sliding scale will apply if the average closing mid-market price of
an Ordinary Share for the final 10 trading days of 2018 is between
100 pence and 140 pence per Ordinary Share; and
- 45% of the Options granted will vest if the cumulative revenue
of the Company reported in the audited accounts for the three
financial years ended 31 December 2018 exceeds GBP23m.
Following the grant of Options, the total number of Options
outstanding over unissued Ordinary Shares is 1,920,949,
representing approximately 9.28% of the Company's issued share
capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides 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 Mark Miller-Holliday - Director
of International Sales and
Business Development
--- ------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------
a) Position/status See 1(a) above for position
- classified as a PDMR of
the Company
--- ------------------------- --------------------------------
b) Initial notification/ Initial Notification
Amendment
--- ------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name Cambridge Cognition Holdings
Plc
--- ------------------------- --------------------------------
b) LEI 213800SZKDIN122EPA96
--- ------------------------- --------------------------------
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 grant of Options over
the Financial Ordinary Shares on 1 November
instrument, type 2017
of instrument
---
Identification GB00B8DV9647
code
--- ------------------------- --------------------------------
b) Nature of the Grant of Options over Ordinary
transaction Shares
--- ------------------------- --------------------------------
c) Price(s) and Price: n/a
volume(s) Volumes: Mark Miller-Holliday
- 50,000 Options
--- ------------------------- --------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--- ------------------------- --------------------------------
e) Date of the transaction 1 November 2017
--- ------------------------- --------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------- --------------------------------
Enquiries
Cambridge Cognition Holdings PLC
Steven Powell, Chief Executive Tel: 01223 810
Officer 700
Noah Konig, Director of Product press@camcog.com
Marketing and Communications
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220
0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)
Dowgate Capital Stockbrokers Limited Tel: 020 3903
(Joint Broker) 7715
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial Tel: 020 3053
PR and IR) 8671
Tim Metcalfe/ Graham Herring
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBFLFBDFFZFBV
(END) Dow Jones Newswires
November 02, 2017 03:00 ET (07:00 GMT)
Cambridge Cognition (LSE:COG)
Historical Stock Chart
From Apr 2024 to May 2024
Cambridge Cognition (LSE:COG)
Historical Stock Chart
From May 2023 to May 2024