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BYOT Byotrol Plc

0.075
-0.30 (-80.00%)
Last Updated: 09:03:57
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Byotrol Plc LSE:BYOT London Ordinary Share GB00B0999995 ORDS 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -80.00% 0.075 0.05 0.10 0.275 0.075 0.275 8,103,817 09:03:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Chemicals & Chem Preps, Nec 4.59M -1.69M -0.0037 -0.54 907.78k

Byotrol PLC Grant of Options & Director/PDMR Shareholdings (1075W)

10/11/2017 7:00am

UK Regulatory


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RNS Number : 1075W

Byotrol PLC

10 November 2017

10 November 2017

Byotrol plc

GRANT OF OPTIONS

DIRECTOR SHAREHOLDINGS

The Board of Byotrol plc ('Byotrol' or the 'Company'), the specialist anti-microbial technology company, announces that on 9 November 2017, it granted a total of 10,296,750 options over the Company's ordinary shares of 0.25 pence each ("Options" and "Ordinary Shares" respectively) representing 2.56 per cent. of the issued share capital of the Company to two Directors and certain employees of the Company, upon the recommendation of the Company's Remuneration Committee.

Details of the awards to the two Directors and a PDMR of the Company are set out below (the "Director/PDMR Options"):

 
                                Position          No. of New     No. of Options     Shareholding in      Percentage of 
                                             Options Granted    held post Grant             Company      fully diluted 
                                                                                                         share capital 
 David Traynor           Chief Executive           1,000,000          6,900,000           4,850,514        2.92% 
                        Chief Technology 
 Dr Trevor Francis               Officer           2,375,000          6,325,000           2,253,216        2.13% 
                         Head of Finance 
 Denise Keenan                    (PDMR)           1,792,500          3,217,500                   -        0.80% 
 TOTAL                                             5,167,500                                               5.85% 
 

The above Director/PDMR Options, which are exercisable at 4 pence per Ordinary Share over a seven year period, vest on the following basis;

   --      -30% vest after 12 months if the mid - share price averages over 5p for a 30 day period 
   --      35% vest after 24 months if the mid - share price averages over 7.5p for a 30 day period 
   --      35% vest after 36 months if the mid - share price averages over 10p for a 30 day period 

The 5,167,500 Director/PDMR Options are being granted under the Company's Enterprise Management Incentive Scheme.

The remaining 5,129,250 Options are being awarded to a number of key employees of the Company ("Employee Options"). These Employee Options are also exercisable at 4 pence per Ordinary Share between 9 November 2018 and expire in tranches up to 9 May 2025. All 10,296,750 Options granted today will vest on any change of control of the Company.

Following the grant of the 10,296,750 Options, there will be 35,244,250 Options in issue representing 8.75% per cent. of the Company's issued share capital.

Enquiries:

 
 Byotrol plc                                   01925 742 000 
 John Langlands - Chairman 
  David Traynor - Chief Executive 
 
 
 finnCap Ltd                                   020 7220 0500 
 Geoff Nash / Carl Holmes / James Thompson- 
  Corporate Finance 
 Stephen Norcross / Richard Chambers 
  - Corporate Broking 
 

Notes to Editors:

Byotrol plc (BYOT.L), quoted on AIM, is a specialist developer of residual antimicrobial technologies, identifying, developing, formulating and commercialising cutting-edge antimicrobial solutions.

Our patented suite of technologies deliver powerful broad-spectrum efficacy with residual performance optimised against commonly occurring and industry-specific pathogens.

Founded in 2005, the Company has developed the technology that creates easier, safer and cleaner lives.

For more information, please go to www.byotrol.co.uk

Accordingly, the Company makes the following announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014):

 
  1.   Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ----------------------------------------------------------------------- 
 a)    Name                             David Traynor 
----  -------------------------------  -------------------------------------- 
 2.    Reason for the Notification 
----  ----------------------------------------------------------------------- 
 a)    Position/status                  Chief Executive 
----  -------------------------------  -------------------------------------- 
 b)    Initial notification/Amendment   Initial 
----  -------------------------------  -------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  ----------------------------------------------------------------------- 
 a)    Name                             Byotrol Plc 
----  -------------------------------  -------------------------------------- 
 b)    LEI                              213800AJMTSTIPA59A34 
----  -------------------------------  -------------------------------------- 
 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               options over ordinary shares of 0.25p 
        Financial instrument,            each 
        type of instrument 
---- 
       Identification code              GB00B0999995 
----  -------------------------------  -------------------------------------- 
 b)    Nature of the transaction        Award of Options to subscribe for 
                                         Ordinary Shares 
----  -------------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)           Volume - 1,000,000 
                                         Exercise Price - 4 pence 
----  -------------------------------  -------------------------------------- 
 d)    Aggregated information:          See 4c) above 
----  -------------------------------  -------------------------------------- 
 e)    Date of the transaction          9 November 2017 
----  -------------------------------  -------------------------------------- 
 f)    Place of the transaction         Outside of a trading venue 
----  -------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             Dr Trevor Francis 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Chief Technology Officer 
---  -------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment   Initial 
---  -------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ----------------------------------------------------------------------- 
 a)   Name                             Byotrol Plc 
---  -------------------------------  -------------------------------------- 
 b)   LEI                              213800AJMTSTIPA59A34 
---  -------------------------------  -------------------------------------- 
 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               options over ordinary shares of 0.25p 
       Financial instrument,            each 
       type of instrument 
--- 
      Identification code              GB00B0999995 
---  -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Award of Options to subscribe for 
                                        Ordinary Shares 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)           Volume - 2,375,000 
                                        Exercise Price - 4 pence 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information:          See 4c) above 
---  -------------------------------  -------------------------------------- 
 e)   Date of the transaction          9 November 2017 
---  -------------------------------  -------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
---  -------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             Denise Keenan 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Head of Finance and Company Secretary 
                                        (PDMR) 
---  -------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment   Initial 
---  -------------------------------  -------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ----------------------------------------------------------------------- 
 a)   Name                             Byotrol Plc 
---  -------------------------------  -------------------------------------- 
 b)   LEI                              213800AJMTSTIPA59A34 
---  -------------------------------  -------------------------------------- 
 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               options over ordinary shares of 0.25p 
       Financial instrument,            each 
       type of instrument 
--- 
      Identification code              GB00B0999995 
---  -------------------------------  -------------------------------------- 
 b)   Nature of the transaction        Award of Options to subscribe for 
                                        Ordinary Shares 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)           Volume - 1,792,500 
                                        Exercise Price - 4 pence 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information:          See 4c) above 
---  -------------------------------  -------------------------------------- 
 e)   Date of the transaction          9 November 2017 
---  -------------------------------  -------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
---  -------------------------------  -------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDMMGMNLGGNZM

(END) Dow Jones Newswires

November 10, 2017 02:00 ET (07:00 GMT)

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