Microsaic Systems plc Award of Options (7779A)
January 03 2018 - 2:00AM
UK Regulatory
TIDMMSYS
RNS Number : 7779A
Microsaic Systems plc
03 January 2018
3 January 2018
Microsaic Systems plc
("Microsaic", "Microsaic Systems" or the "Company")
Award of options
Microsaic Systems plc (AIM: MSYS), the developer of chip-based
mass spectrometry ("MS") instruments designed to improve the
efficiency of pharmaceutical R&D, announces that on 2 January
2018, the Company awarded options ("New Options") to directors and
employees over 9,000,000 ordinary shares of 0.25 pence each in the
Company ("Ordinary Shares"), representing approximately 4.96% of
the issued share capital of the Company.
Options have been granted to directors as detailed below:
Number
of New Exercise
Options Price of Total Options
Director Position Awarded New Options Held
---------- ------------------ ---------- ------------- --------------
Peter Non-Executive
Grant Chairman 3,500,000 4.05 pence 3,500,000
---------- ------------------ ---------- ------------- --------------
Glenn Chief Executive
Tracey Officer 1,000,000 4.05 pence 2,300,000
---------- ------------------ ---------- ------------- --------------
Bevan
Metcalf Finance Director 1,000,000 4.05 pence 2,120,000
---------- ------------------ ---------- ------------- --------------
The 3,500,000 New Options awarded to Peter Grant, Non-Executive
Chairman were awarded under the Company's Unapproved Share Option
Scheme and have an exercise price of 4.05 pence per Ordinary Share
being the closing share price on 29 December 2017. These options
are subject to performance criteria as well as not being ordinarily
exercisable prior to the third anniversary of the date of
award.
The 2,000,000 New Options awarded to the executive directors
("Management Options") were awarded under Microsaic's Enterprise
Management Incentive (EMI) Scheme. The Management Options have an
exercise price of 4.05 pence per Ordinary Share, being the closing
share price on 29 December 2017. These options are subject to
performance criteria as well as not being ordinarily exercisable
prior to the third anniversary of the date of award.
The balance of 3,500,000 New Options were awarded to all other
employees of the Company ("Employee Options") under Microsaic's EMI
Scheme. The Employee Options have an exercise price of 4.05 pence
per Ordinary Share, being the closing share price on 29 December
2017. These options are not subject to performance criteria but are
subject to not being ordinarily exercisable prior to the third
anniversary of the date of award.
Following the award of the New Options, the total number of
Ordinary Shares outstanding under share incentive scheme
arrangements is 14,447,200 representing 7.97% of the Company's
issued share capital.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide additional
detail.
For more information, please contact:
Microsaic Systems plc
Glenn Tracey, CEO +44 (0) 1483
Bevan Metcalf, FD 751577
N+1 Singer (Nominated Adviser
& Broker)
Shaun Dobson +44 (0)20 7496
Liz Yong 3000
IFC (Financial PR)
Graham Herring
Heather Armstrong +44 (0) 203
Florence Chandler 934 6632
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name P W Grant
--- ------------------------- ------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR - Non-Executive Chairman
--- ------------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Microsaic Systems plc
--- ------------------------- ------------------------------
b) LEI 213800P1VXZSD3US5N79
--- ------------------------- ------------------------------
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 Share options over ordinary
instrument, type shares of 0.25p each
of instrument
GB00B547ZY09
Identification
code
--- ------------------------- ------------------------------
b) Nature of the Award of share options over
transaction ordinary shares
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
4.05 pence 3,500,000
------------ ----------
--- ------------------------- ------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- ------------------------------
e) Date of the transaction 2 January 2018
--- ------------------------- ------------------------------
f) Place of the transaction Off market
--- ------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name G D Tracey
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status PDMR - Chief Executive Officer
--- ------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Microsaic Systems plc
--- ------------------------- -------------------------------
b) LEI 213800P1VXZSD3US5N79
--- ------------------------- -------------------------------
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 Share options over ordinary
instrument, type shares of 0.25p each
of instrument
GB00B547ZY09
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Award of share options over
transaction ordinary shares
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
4.05 pence 1,000,000
------------ ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 2 January 2018
--- ------------------------- -------------------------------
f) Place of the transaction Off market
--- ------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name B J Metcalf
--- ------------------------- ------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status PDMR - Finance Director
--- ------------------------- ------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Microsaic Systems plc
--- ------------------------- ------------------------------
b) LEI 213800P1VXZSD3US5N79
--- ------------------------- ------------------------------
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 Share options over ordinary
instrument, type shares of 0.25p each
of instrument
GB00B547ZY09
Identification
code
--- ------------------------- ------------------------------
b) Nature of the Award of share options over
transaction ordinary shares
--- ------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
4.05 pence 1,000,000
------------ ----------
--- ------------------------- ------------------------------
d) Aggregated information
- Aggregated volume Not applicable
- Price
--- ------------------------- ------------------------------
e) Date of the transaction 2 January 2018
--- ------------------------- ------------------------------
f) Place of the transaction Off market
--- ------------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHSSSFAEFASESF
(END) Dow Jones Newswires
January 03, 2018 02:00 ET (07:00 GMT)
Microsaic Systems (LSE:MSYS)
Historical Stock Chart
From Apr 2024 to May 2024
Microsaic Systems (LSE:MSYS)
Historical Stock Chart
From May 2023 to May 2024