Cambridge Nutritional Sciences PLC Grant of Options
05 August 2024 - 11:29AM
RNS Regulatory News
RNS Number : 1845Z
Cambridge Nutritional Sciences PLC
05 August 2024
05
August 2024
CAMBRIDGE NUTRITIONAL
SCIENCES PLC
("CNSL" or the
"Company")
Grant of
Options
CNSL, (AIM:CNSL) the specialist medical diagnostics company focused
on promoting a personalised and functional approach to health and
nutrition, announces that on 05 August 2024
the Board granted share options (the "Options") over its ordinary shares of
4.0 pence each ("Ordinary
Shares") to James Cooper, Chief Operating Officer and
Executive Director.
Following this grant of Options, the
Company has options in issue over 20,184,049 Ordinary Shares,
representing approximately 8% per cent. of the Company's total
issued share capital.
|
Director
|
Number of Options granted
on
05 August 2024
|
Exercise
Price
|
Total options held
post issue
|
|
James Cooper
|
2,000,000
|
4.0p
|
2,000,000
|
Grant of Options
The Company has granted the Options
to incentivise executive director performance for the benefit of
all Shareholders.
The Options are subject to time
conditions (as set out below); good/bad leaver provisions; and
being a director of the Company on the date of vesting.
Vesting criteria for Options are subject to time conditions as
follows:
|
Amount Vesting
|
Time Condition
|
|
34 per cent. ("Tranche
One")
|
On the first anniversary of 5 August
2024
|
|
33 per cent. ("Tranche
Two")
|
On the second anniversary of 5
August 2024
|
|
33 per cent. ("Tranche
Three")
|
On the third anniversary of 5 August
2024
|
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018).
For
further information, please contact:
|
Cambridge Nutritional Sciences Plc
Jag Grewal, Chief Executive
Officer
|
www.cnsplc.com
investors@cnsplc.com
|
|
Cavendish Capital Markets Limited
Geoff Nash / Edward Whiley / George
Dollemore (Corporate Finance)
Nigel Birks / Harriet Ward
(ECM)
|
Tel: 020
7220 0500
|
About Cambridge Nutritional Sciences Plc
Cambridge Nutritional Sciences Plc
(AIM: CNSL) is the specialist medical
diagnostics company focused on promoting a personalised and
functional approach to health and nutrition.
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
|
James Cooper
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating Officer, Executive
Director
|
|
b)
|
Initial notification/
Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Cambridge Nutritional Sciences
plc
|
|
b)
|
LEI
|
2138007U9P4BTZTYIR92
|
|
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
|
Options over Ordinary Shares of 4.0p
each
|
|
Identification code
|
ISIN: GB00B1VCP282
|
|
b)
|
Nature of
the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
4.0p
|
2,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the
transactions
|
5 August 2024
|
|
f)
|
Place of the transactions
|
Outside a trading venue
|
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