The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR")
07/10/2024
Valereum Plc
("Valereum" or the
"Company")
Issue of Employee Share
Options
To create alignment across the senior
management team Valereum Plc announces that it has awarded share
options ("Options") over a total of 4,510,000 ordinary shares to
the Head of VLRM Markets and Head of VLRM Technology Verticals. The
Options are tax-advantaged options that require a minimum holding
period of 2 years from the date of being granted to qualify for the
full tax advantages and are subject to a lock-in period of 1 year
from the date of issue of the Options. They are exercisable at a
cost of £0.001 per share, expire after 10 years and will be
forfeited in the event the employees leave the Company.
The awards ensure the senior executive team are
now in line (excluding the CEO and Chairman). We anticipate no
further awards being made to existing team members outside of the
approved annual remuneration scheme, as announced in May this
year.
Chairman, James Formolli, commented:
"I firmly believe that as we
ensure our team is fully motivated and incentivised to develop
Valereum Plc, they must be in line with the interests of our
shareholders. This alignment of goals will benefit all involved as
we move forward together.
I'm excited about the rest of
2024 and what 2025 holds for Valereum Plc, as we continue building
on momentum and execute our strategic vision".
For further information, please contact as
follows:
Enquiries:
Valereum
Plc
James Formolli, Chairman
Tel: +44 7938 767319
Stanford
Capital
Partners
Bob Pountney
Patrick Claridge
Tel: 023 3650 3650
First Sentinel
Corporate Finance
AQSE Corporate Adviser
Brian Stockbridge
Tel: +44 20 3855 5551
The Directors of the Company accept
responsibility for the contents of this announcement.
For more information, please visit the Company's
website at www.vlrm.com
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. Adrian
Hogg
2. Daryl
Mcfarlane
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
1. Head of VLRM
Markets
2. Head of VLRM
Technology Verticals
|
|
b)
|
Initial notification / Amendment
|
Initial notification
|
|
3.
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Valereum Plc
|
|
b)
|
LEI
|
213800EJ8BFEQQ9POX79
|
|
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 instrument, type
of instrument
|
Ordinary shares of 0.1p each
|
|
|
Identification Code
|
GI000A2P2W41
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
1. £0.001
2. £0.001
|
1. 2,510,000
2. 2,000,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
Single transaction, see details in item (c)
above
|
|
e)
|
Date of the transaction
|
1. 01 October
2024
2. 01 October
2024
|
|
f)
|
Place of the Transaction
|
Outside a trading venue
|