TIDMCOG
RNS Number : 9873D
Cambridge Cognition Holdings PLC
02 November 2020
Cambridge Cognition Holdings Plc
(" Cambridge Cognition" or the "Company")
Grant of Options
Cambridge Cognition Holdings plc (AIM: COG), which develops and
markets digital solutions to assess brain health, announces that on
2 November 2020, the Company granted options ("Options") over a
total of 246,774 ordinary shares of 1 pence each in the capital of
the Company ("Ordinary Shares") pursuant to the Company's EMI
option scheme and the Company's unapproved option scheme.
Of these Options:
- 183,774 were granted to Persons Discharging Managerial
Responsibilities ("PDMRs") on behalf of the Company;
Name Role Number Total number Total Percentage
of Options of Options number of Current
Granted held following of Ordinary Issued Share
Grant Shares Capital
Held
Chief Executive
Matthew Stork Officer 103,774 693,061 125,000 0.40%
------------------ ------------ ---------------- ------------- --------------
Chief Operating
Fiona Cree Officer 20,000 176,857 - -
------------------ ------------ ---------------- ------------- --------------
Chief Commercial
Richard Cooper Officer 60,000 171,786 - -
------------------ ------------ ---------------- ------------- --------------
- 63,000 were granted to other employees of the Company.
All the Options granted to PDMRs are exercisable at a price of
53 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:
o 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 90 pence, with the price on the last day of that period
being at least 80 pence, and the last day of this period being no
later than 31 October 2023; and
o 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 130 pence, with the price on the last day of that period
being at least 115 pence, and the last day of this period being no
later than 31 October 2023.
Of the options granted to other employees of the Company:
1. 60,000 are exercisable at a price of 53 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:
o 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 90 pence, with the price on the last day of that period
being at least 80 pence, and the last day of this period being no
later than 31 October 2023; and
o 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 130 pence, with the price on the last day of that period
being at least 115 pence, and the last day of this period being no
later than 31 October 2023.
2. The remaining 3,000 options are exercisable at a price of 1
pence per Ordinary Share from two years following the date of award
until the tenth anniversary of the date of award. All of these
Options are granted over shares already in issue and held by
Cambridge Cognition Trustees Limited on behalf of the Employee
Benefit Trust.
Following the grant of Options, the total number of Options
outstanding over unissued Ordinary Shares is 2,476,636 representing
approximately 7.95% 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) Names Matthew Stork - Chief Executive Officer
Fiona Cree - Chief Operating Officer
Richard Cooper - Chief Commercial
Officer
-------------------------- ----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs 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 In each case, the grant of Options
Financial instrument, over Ordinary Shares on 2 November
type of instrument 2020
Identification code GB00B8DV9647
-------------------------- ----------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Matthew Stork - 103,774 Options
Fiona Cree - 20,000 options
Richard Cooper - 60,000 Options
-------------------------- ----------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
-------------------------- ----------------------------------------
e) Date of the transaction 2 November 2020
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014
Enquiries
Cambridge Cognition Holdings PLC
Matthew Stork, Chief Executive Officer Tel: 01223 810 700
Nick Walters, Chief Financial Officer press@camcog.com
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane/ Manasa Patil (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial PR and Tel: 020 3934 6630
IR)
Tim Metcalfe/ Graham Herring/ Zach Cohen
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END
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