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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aqua Bty Di | LSE:ABTU | London | Ordinary Share | COM SHS USD0.001 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 662.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMABTU
RNS Number : 0570D
Aqua Bounty Technologies, Inc.
24 April 2017
24 April 2017
AquaBounty Technologies, Inc.
("AquaBounty" or "the Company")
Issuance of Common Shares and Options
AquaBounty Technologies, Inc. (NASDAQ: AQB; AIM: ABTU), a biotechnology company focused on enhancing productivity in the aquaculture market and a majority-owned subsidiary of Intrexon Corporation (NYSE: XON), announces that, on 21 April 2017, it issued new common shares of 0.1 cents each ("Common Shares") and options to purchase new Common Shares to its independent directors in connection with their service agreements with the Company.
A total of 1,751 new Common Shares were issued to Richard Clothier, Chairman of the Board of Directors, at an effective price of $14.20 (GBP11.18) each, representing the closing price of the Company's Common Shares on NASDAQ on 27 February 2017. Under the terms of his service agreement with the Company, Mr. Clothier receives 67% of his compensation in the form of cash payments and 33% in the form of Common Shares. The Common Shares issued to Mr. Clothier represent his stock compensation for services provided and to be provided for the year ending 31 December 2017. Trading in the new Common Shares, which will rank pari passu in all respects with the existing Common Shares, is expected to commence on 27 April 2017. Following this, Mr. Clothier will hold 38,750 Common Shares, representing 0.4% of the enlarged issued share capital of the Company.
Under the terms of their service agreements with the Company, the other independent directors each receive an annual grant of options over 2,500 new Common Shares. Directors receiving this option grant are Richard Huber, Christine St.Clare, and James Turk - resulting in the issuance of a total of 7,500 options. The options have a 10-year term, become vested in February 2018, and are exercisable at $14.20 per Common Share.
The Company also announces that pursuant to the exercise of options under its 2006 Equity Incentive Plan, it will issue 8,334 Common Shares to a senior executive. Trading in the new Common Shares, which will rank pari passu in all respects with the existing Common Shares, is expected to commence on 27 April 2017.
Following the admission of the new Common Shares to trading, the Company will have 8,895,094 Common Shares in issue. This share number also represents the Company's total voting rights.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information, please contact:
AquaBounty Technologies, Inc. +1 978 648 6000
David Frank, Chief Financial Officer
Stifel Nicolaus Europe Ltd +44 (0)20 7710 7600
Stewart Wallace
Luther Pendragon Ltd +44 (0)20 7618 9100
Harry Chathli, Claire Norbury
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1 Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Richard Clothier
--- ------------------------ ----------------------------------
2 Reason for the notification
--- ------------------------------------------------------------
a) Position/status Chairman - classified as PDMR
of the Company
--- ------------------------ ----------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------
a) Name AquaBounty Technologies, Inc.
--- ------------------------ ----------------------------------
b) LEI 549300TOJ0S836KCH094
--- ------------------------ ----------------------------------
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 New common shares of 0.1 cents
the financial each in the Company
instrument, type ISIN: US03842K2006
of instrument
Identification
code
--- ------------------------ ----------------------------------
b) Nature of the Issue of new Common Shares (under
transaction a share incentive award) at
an effective price of $14.20
(GBP11.18) per Common Share
--- ------------------------ ----------------------------------
c) Price(s) and Price - n/a
volume(s) Volume: 1,751
--- ------------------------ ----------------------------------
d) Aggregated information Aggregated price - n/a
Aggregated volume: 1,751
--- ------------------------ ----------------------------------
e) Date of the transaction 21 April 2017
--- ------------------------ ----------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Richard Huber
--- ------------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Non-executive Director - classified
as PDMR of the Company
--- ------------------------ ------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name AquaBounty Technologies, Inc.
--- ------------------------ ------------------------------------
b) LEI 549300TOJ0S836KCH094
--- ------------------------ ------------------------------------
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 New common shares of 0.1 cents
the financial each in the Company
instrument, type ISIN: US03842K2006
of instrument
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Grant of options under share
transaction incentive award
--- ------------------------ ------------------------------------
c) Price(s) and Price- n/a
volume(s) Volume: 2,500
--- ------------------------ ------------------------------------
d) Aggregated information Aggregated price - n/a
Aggregated volume: 2,500
--- ------------------------ ------------------------------------
e) Date of the transaction 21 April 2017
--- ------------------------ ------------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Christine St.Clare
--- ------------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Non-executive Director - classified
as PDMR of the Company
--- ------------------------ ------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name AquaBounty Technologies, Inc.
--- ------------------------ ------------------------------------
b) LEI 549300TOJ0S836KCH094
--- ------------------------ ------------------------------------
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 New common shares of 0.1 cents
the financial each in the Company
instrument, type ISIN: US03842K2006
of instrument
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Grant of options under share
transaction incentive award
--- ------------------------ ------------------------------------
c) Price(s) and Price- n/a
volume(s) Volume: 2,500
--- ------------------------ ------------------------------------
d) Aggregated information Aggregated price - n/a
Aggregated volume: 2,500
--- ------------------------ ------------------------------------
e) Date of the transaction 21 April 2017
--- ------------------------ ------------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name James Turk
--- ------------------------ ------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Non-executive Director - classified
as PDMR of the Company
--- ------------------------ ------------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name AquaBounty Technologies, Inc.
--- ------------------------ ------------------------------------
b) LEI 549300TOJ0S836KCH094
--- ------------------------ ------------------------------------
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 New common shares of 0.1 cents
the financial each in the Company
instrument, type ISIN: US03842K2006
of instrument
Identification
code
--- ------------------------ ------------------------------------
b) Nature of the Grant of options under share
transaction incentive award
--- ------------------------ ------------------------------------
c) Price(s) and Price- n/a
volume(s) Volume: 2,500
--- ------------------------ ------------------------------------
d) Aggregated information Aggregated price - n/a
Aggregated volume: 2,500
--- ------------------------ ------------------------------------
e) Date of the transaction 21 April 2017
--- ------------------------ ------------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ ------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------
a) Name Henry Clifford
--- ------------------------ -------------------------------
2 Reason for the notification
--- ---------------------------------------------------------
a) Position/status Vice president of Marketing
- classified as PDMR of the
Company
--- ------------------------ -------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name AquaBounty Technologies, Inc.
--- ------------------------ -------------------------------
b) LEI 549300TOJ0S836KCH094
--- ------------------------ -------------------------------
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 New common shares of 0.1 cents
the financial each in the Company
instrument, type ISIN: US03842K2006
of instrument
Identification
code
--- ------------------------ -------------------------------
b) Nature of the Exercise of options granted
transaction under share incentive award
--- ------------------------ -------------------------------
c) Price(s) and Price- n/a
volume(s) Volume: 8,334
--- ------------------------ -------------------------------
d) Aggregated information Aggregated price - n/a
Aggregated volume: 8,334
--- ------------------------ -------------------------------
e) Date of the transaction 21 April 2017
--- ------------------------ -------------------------------
f) Place of the Outside a trading venue
transaction
--- ------------------------ -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHZMGZDRFMGNZM
(END) Dow Jones Newswires
April 24, 2017 02:01 ET (06:01 GMT)
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