Feedback PLC Grant of Options and Director/PDMR Dealing (6796S)
27 Juni 2018 - 8:00AM
UK Regulatory
TIDMFDBK
RNS Number : 6796S
Feedback PLC
27 June 2018
27 June 2018
Feedback plc
(the "Company" or "Feedback")
Grant of Options
Director/PDMR Dealing
Further to its announcement on 16 April 2018, Feedback plc (AIM:
FDBK), the specialist medical imaging technology company, announces
that on 26 June 2018, it granted 4,000,000 options to Dr Alastair
Riddell, Non-executive Chairman of the Company and 2,500,000
options to Simon Sturge, Non-executive Director of the Company, and
are exercisable at any time up to the tenth anniversary of grant
("the NED Options"). The NED Options have been granted in lieu of
fees for the year ending 31 May 2019 in order to reduce board cash
costs.
In addition, on 26 June 2018, the Company granted the following
options to the executive directors and certain members of the
senior management of the Company (the "Executive Options"). The
Executive Options vest from 1 March 2019 and are exercisable at any
time up to the tenth anniversary of the grant.
Executive Director Position Number of Executive
/ Senior Management Options granted
David Crabb Chief Executive Director 5,600,000
Lindsay Melvin Chief Financial Director 2,800,000
Medical Director of Feedback
Rory Shaw Medical Limited (PDMR) 2,800,000
Executive Director of
Feedback Medical Limited
Balaji Ganeshan (PDMR) 2,800,000
The NED Options and Executive Options have an exercise price of
1.86p, being the average closing mid-market price of the five days
ended 25 June 2018.
In aggregate, the NED Options and Executive Options are
equivalent to 7.28 per cent. of the Company's issued share capital.
Following the grant of the NED Options and Executive Options,
30,900,000 options over new Ordinary Shares are outstanding,
representing approximately 10.97 per cent. of the share capital of
the Company.
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 Dr Alastair Riddell
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 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 Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 4,000,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Simon Sturge
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 2,500,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Crabb
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status 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 Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 5,600,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Lindsay Melvin
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 2,800,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rory Shaw
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Medical Director of Feedback Medical
Limited (PDMR)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 2,800,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Balaji Ganeshan
-------------------------- ------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Executive Director of Feedback Medical
Limited (PDMR)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Feedback plc
-------------------------- ------------------------------------------
b) LEI 213800UGOF2GT2U2RV90
-------------------------- ------------------------------------------
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 0.25p each in Feedback
financial instrument, plc
type of instrument
Identification code Identification code (ISIN) for Feedback
plc ordinary shares:
GB0003340550
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.85p 2,800,000
----------
-------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 26 June 2018
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Notes to editors
About Feedback plc
Feedback plc is a specialist medical imaging technology company.
It develops software and systems that provide innovative techniques
and improved workflows for practitioners involved in medical
research and treating patients. TexRAD(R) , the Company's patented
quantitative image texture analysis technology, has the potential
to assist clinicians in diagnosis, prognosis and treatment of
patients with cancer and is currently installed in over 40 of the
world's leading research institutions across Europe, North America,
Asia and Australasia. The Cadran platform provides a suite of
medical imaging tools for decision support. The Cadran range
includes the picture archiving communication system (PACS) to
provide decision support for scan analysis, diagnostic workstations
which provide secure remote access to view scans on demand, and
products to securely share and transport patient data. Visit
www.fbk.com.
For further information, please contact:
Feedback plc Tel: 01954 718072
David Crabb, Chief Executive Officer IR@fbk.com
Lara Mott, Investor Relations
Allenby Capital Limited (Nominated Adviser and Tel: 020 3328 5656
Joint Broker)
David Worlidge / Asha Chotai
Peterhouse Corporate Finance Ltd (Joint Broker) Tel: 020 7469 093
Lucy Williams / Duncan Vasey
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHBQLLLVQFBBBL
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