TIDMKNB
RNS Number : 6602D
Kanabo Group PLC
23 June 2023
23 June 2023
Kanabo Group Plc
("Kanabo" or the "Company")
Grant of Options
Kanabo Group Plc (LSE:KNB), the patient focused healthcare
technology and medicinal cannabis company, announces that on 19
June 2023 it granted options over a total of 25,050,000 ordinary
shares in the Company ("Shares") to certain employees, pursuant to
their terms of employment (the "Awards").
The Awards were granted were granted to certain persons
discharging managerial responsibilities ("PDMR") and other
employees, and are summarised below:
Name No. of Vested Option Vesting Period for non-vested
Options options Exercise options
as of Price
today
The options shall vest and
become exercisable in twelve
equal portions which shall
David Tsur vest over a 3-year period
Deputy Chair 2,000,000 - 2.88p from the Vesting Start Date.
----------- ---------- ---------- ------------------------------
The options shall vest and
become exercisable in four
equal portions which shall
Ian Mattioli vest over a 2-year period
Chair 3,000,000 - 2.88p from the Vesting Start Date
----------- ---------- ---------- ------------------------------
The options shall vest and
become exercisable in four
Sharon Malka equal portions which shall
Non-Executive vest over a 2-year period
Director 2,025000 - 2.88p from the Vesting Start Date.
----------- ---------- ---------- ------------------------------
The options shall vest and
become exercisable in twelve
equal portions which shall
Assaf Vardimon vest over a 3-year period
CFO 2,500,000 - 2.88p from the Vesting Start Date.
----------- ---------- ---------- ------------------------------
The options shall vest and
become exercisable in twelve
Suleman Sacranie equal portions which shall
CPO / CTO vest over a 3-year period
* 11,000,000 5,500,004 2.88p from the Vesting Start Date.
----------- ---------- ---------- ------------------------------
The options shall vest over
a 3-year period. 33% vest
at the end of the 12-month
period following the Vesting
Start Date. The remaining
options vest over 8 equal
Other Employees 2,500,000 - 2.88p 3-month periods thereafter.
----------- ---------- ---------- ------------------------------
The options shall vest and
become exercisable in twelve
equal portions which shall
vest over a 3-year period
Other Employees 2,025,000 - 2.88p from the Vesting Start Date.
----------- ---------- ---------- ------------------------------
* Mr. Sacranie has agreed to surrender 5,829,400 Options granted
on 31 August 2022 which carry exercise price of 6.5p and 8p.
For further information, please visit
http://www.kanabogroup.com/ or contact the following:
Enquiries:
Kanabo Group plc via Vigo Consulting
Avihu Tamir, Chief Executive Officer +44 (0)20 7390 0230
Assaf Vardimon, Chief Financial Officer
Ian Mattioli, Non-Executive Chair of the
Board
Peterhouse Capital Ltd (Financial Adviser
and Broker)
Eran Zucker/ Lucy Williams / Charles Goodfellow +44 (0)20 7469 0930
Vigo Consulting (Financial Public Relations/Investor
Relations)
Jeremy Garcia / Fiona Hetherington / Verity
Snow +44 (0)20 7390
kanabo@vigoconsulting.com 0230
About Kanabo Group Plc
Kanabo Group Plc (LSE:KNB) is a healthtech company committed to
revolutionising patient care through its innovative technology
platform and disruptive product offerings. Since its inception in
2017, Kanabo has been focused on researching, developing, and
commercialising regulated medicinal cannabis-derived formulations
and therapeutic inhalation devices.
Kanabo's NHS-approved online telehealth platform, The GP
Service, provides patients with video consultations, online
prescriptions, and primary care services. The Company is a leader
in its field, focusing on improving patient outcomes and providing
more accessible healthcare experiences.
In March 2023, Kanabo successfully launched its Pain Clinic,
Treat It, under the expert guidance of its technological and
product expertise. Treat It initially focuses on chronic pain
management using plant-based medicine and treatments that are
currently unavailable through traditional channels.
At Kanabo Group Plc, we are dedicated to providing patients with
the highest quality medical treatments and more accessible
healthcare experiences.
Visit www.kanabogroup.com for more information.
The Notification of Dealing Form provided in accordance with the
requirements of the Market Abuse Regulation in relation to the
transaction listed above is set out below.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name David Tsur
--------------------------------------- --------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------- --------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Kanabo Group Plc
--------------------------------------- --------------------------------
b) LEI 213800XPJFSNWJIYKN52
--------------------------------------- --------------------------------
Details of the transaction(s): section to be repeated
4 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
financial instrument,
type of instrument
Identification code GB00BYQCS703
b) Nature of the transaction Share Options
--------------------------------------- --------------------------------
c) Price(s) and volume(s)
------------- --------------
Price(s) Volume(s)
------------- --------------
2.88p 2,000,000
------------- --------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19.6.2023
--------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Ian Mattioli
--------------------------------------- --------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------- --------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Kanabo Group Plc
--------------------------------------- --------------------------------
b) LEI 213800XPJFSNWJIYKN52
--------------------------------------- --------------------------------
Details of the transaction(s): section to be repeated
4 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
financial instrument,
type of instrument
Identification code GB00BYQCS703
b) Nature of the transaction Share Options
--------------------------------------- --------------------------------
c) Price(s) and volume(s)
------------- --------------
Price(s) Volume(s)
------------- --------------
2.88p 3,000,000
------------- --------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19.6.2023
--------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Sharon Malka
--------------------------------------- --------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------------------- --------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Kanabo Group Plc
--------------------------------------- --------------------------------
b) LEI 213800XPJFSNWJIYKN52
--------------------------------------- --------------------------------
Details of the transaction(s): section to be repeated
4 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
financial instrument,
type of instrument
Identification code GB00BYQCS703
b) Nature of the transaction Share Options
--------------------------------------- --------------------------------
c) Price(s) and volume(s)
------------- --------------
Price(s) Volume(s)
------------- --------------
2.88p 2,025,000
------------- --------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19.6.2023
--------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Assaf Vardimon
--------------------------------------- --------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status CFO
--------------------------------------- --------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- --------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Kanabo Group Plc
--------------------------------------- --------------------------------
b) LEI 213800XPJFSNWJIYKN52
--------------------------------------- --------------------------------
Details of the transaction(s): section to be repeated
4 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
financial instrument,
type of instrument
Identification code GB00BYQCS703
b) Nature of the transaction Share Options
--------------------------------------- --------------------------------
c) Price(s) and volume(s)
------------- --------------
Price(s) Volume(s)
------------- --------------
2.88p 2,500,000
------------- --------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19.6.2023
--------------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
--------------------------------------- --------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Suleman Sacranie
-------------------------------------- ---------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status CPO / CTO
-------------------------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------------------- ---------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Kanabo Group Plc
-------------------------------------- ---------------------------------
b) LEI 213800XPJFSNWJIYKN52
-------------------------------------- ---------------------------------
Details of the transaction(s): section to be repeated
4 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
financial instrument,
type of instrument
Identification code GB00BYQCS703
b) Nature of the transaction Share Options
-------------------------------------- ---------------------------------
c) Price(s) and volume(s)
------------- ---------------
Price(s) Volume(s)
------------- ---------------
2.88p 11,000,000
------------- ---------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19.6.2023
-------------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------------- ---------------------------------
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END
MSCNKBBPFBKDFAB
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