Venture Life Group PLC 2018 LTIP and Grant of Options to PDMRs (8401I)
March 26 2018 - 2:00AM
UK Regulatory
TIDMVLG
RNS Number : 8401I
Venture Life Group PLC
26 March 2018
Venture Life Group plc
("Venture Life" or the "Company")
2018 Long Term Incentive Plan and Grant of Options to PDMRs
Venture Life (AIM: VLG), the international consumer self-care
group focused on developing, manufacturing and commercialising
products for the self-care market, announces that it has granted
further nominal-cost share options ("Options") over ordinary shares
of 0.3p each in Venture Life ("Shares") under the Venture Life
Group plc 2016 Long Term Incentive Plan ("LTIP").
On 23 March 2018 (the "Date of Grant"), Venture Life granted
Options over a total of 1,358,806 Shares to its four Executive
Directors. Vesting of the Options is subject to continued
employment and the Company meeting objective performance
conditions, namely the Company's Earnings Per Share ("EPS")
performance and relative Total Shareholder Return (share price
performance plus dividends added back, "TSR"). Half of the Options
granted are subject to EPS performance and half subject to TSR
performance.
This tranche of 1,358,806 Options will vest on 23 March 2021,
subject to meeting the performance conditions set for the Company's
EPS over the three financial years ending 31 December 2020 and TSR
for the three years commencing 23 March 2018. The Options are
exercisable at a price of 0.3p per Share.
Total number
No. of LTIPS in No. of LTIPS of shares held
Director Position this issue lapsed under option
Chief Executive
Jerry Randall Officer 448,548 (203,390) 2,436,252
Gianluca Manufacturing
Braguti Director 360,650 (153,971) 863,124
Commercial
Sharon Collins Director 299,032 (135,593) 2,074,575
Chief Financial
Adrian Crockett Officer 250,576 0 416,101
1,358,806 (492,954) 5,790,052
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
The lapsed options relate to options issued in 2015 that have
now lapsed as the performance conditions attached to them were not
met.
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 Jerry Randall - Chief Executive Officer
Gianluca Braguti - Manufacturing Director
Sharon Collins - Commercial Director
Adrian Crockett - Chief Financial Officer
--- -------------------------- -------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs of Venture Life
--- -------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
--- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name Venture Life Group plc
--- -------------------------- -------------------------------------------
b) LEI
--- -------------------------- -------------------------------------------
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 Ordinary Shares of 0.3p each in Venture
financial instrument, Life Group plc
type of instrument
--- -------------------------- -------------------------------------------
b) Identification code GB00BFPM8908
--- -------------------------- -------------------------------------------
c) Nature of the transaction Grant of Options over Ordinary Shares
pursuant to the Venture Life Group
plc 2017 Long Term Incentive Plan
--- -------------------------- -------------------------------------------
d) Price and volumes Price - nil
Volumes:
Jerry Randall - 448,548 Ordinary Shares
Gianluca Braguti - 360,650 Ordinary
Shares
Sharon Collins - 299,032 Ordinary Shares
Adrian Crockett - 250,576 Ordinary
Shares
--- -------------------------- -------------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
--- -------------------------- -------------------------------------------
e) Date of the transaction 23 March 2017
--- -------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------- -------------------------------------------
Name of authorised official of issuer responsible for making
notification.
Peter Shepherd
Company Secretary to Venture Life Group plc
For further information please contact:
+44 (0) 1344 578
Venture Life Group PLC 004
Jerry Randall, Chief Executive Officer
Adrian Crockett, Chief Financial Officer
Northland Capital Partners Limited (Nominated +44 (0) 20 3861
Adviser and Joint Broker) 6625
Matthew Johnson/Edward Hutton (Corporate Finance)
Bob Pountney (Corporate Broking)
+44 (0) 20 3621
Turner Pope Investments (TPI) Ltd (Joint Broker) 4120
Andy Thacker
Walbrook PR venturelife@walbrookpr.com or +44
(0) 20 7933 8780
Paul McManus/Anna Dunphy +44 (0) 7980 541 893 / +44 (0) 7876
741 001
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHZMGZFNKZGRZM
(END) Dow Jones Newswires
March 26, 2018 02:00 ET (06:00 GMT)
Venture Life (LSE:VLG)
Historical Stock Chart
From Apr 2024 to May 2024
Venture Life (LSE:VLG)
Historical Stock Chart
From May 2023 to May 2024