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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ekf Diagnostics Holdings Plc | LSE:EKF | London | Ordinary Share | GB0031509804 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.72% | 27.60 | 27.10 | 28.90 | 27.60 | 27.60 | 27.60 | 75,203 | 09:40:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Med, Dental, Hosp Eq-whsl | 52.61M | 2.35M | 0.0052 | 53.08 | 125.56M |
TIDMEKF
RNS Number : 0676J
EKF Diagnostics Holdings PLC
26 June 2017
EKF Diagnostics Holdings plc
("EKF", the "Company")
Cancellation of share options
EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, announces that 21,614,766 share options over ordinary shares of 1 penny each (the "Ordinary Shares") granted to certain directors, PDMRs, employees and the former Chairman of the Company (the "Options") have been cancelled at the election of those holding the options (the "Optionholders") in return for the payment of a one-off cash sum.
Details of the cancellation of the Options are set out below:
PDMR Role Number of Cash payment Options (GBP) being surrendered ----------------- ------------------------ ------------------- ------------- Julian Baines CEO 5,127,383 354,348 ----------------- ------------------------ ------------------- ------------- Richard Evans COO and CFO 4,260,000 294,826 ----------------- ------------------------ ------------------- ------------- Steven Wray Head of Sales EMEA 825,000 61,801 ----------------- ------------------------ ------------------- ------------- Gilbert Mejia Head of Sales Americas 800,000 60,522 ----------------- ------------------------ ------------------- ------------- Martyn Lewis Head of Marketing 800,000 61,551 ----------------- ------------------------ ------------------- ------------- Peter Coyne Head of Operations 800,000 61,551 ----------------- ------------------------ ------------------- ------------- General Manager, Ed Hitchler EKF USA 800,000 59,914 ----------------- ------------------------ ------------------- ------------- General Manager, Steffen Borlich EKF Germany 800,000 61,893 ----------------- ------------------------ ------------------- ------------- Company Secretary and Head of Corporate Salim Hamir Affairs 600,000 46,802 ----------------- ------------------------ ------------------- ------------- Deputy Finance Colin Anderson Director 700,000 46,802 ----------------- ------------------------ ------------------- ------------- Other employees and the former Chairman Various 6,102,383 395,331 ----------------- ------------------------ ------------------- ------------- Total 21,614,766 1,505,341 ------------------------------------------- ------------------- -------------
The cash sum to be paid to each relevant Optionholder has been calculated by reference to the mid-market share price of 21.5p, being the price at the time the offer was made to the Optionholders, with certain tax and other adjustments being applied.
The purpose of this cancellation is to try and simplify the Company's capital structure ahead of the previously announced intended proposed share buyback and to reduce future dilution to shareholders.
Following the cancellation, share options remain over a total of 1,950,000 Ordinary Shares and these are exercisable at various prices of between 20p and 37.625p and expire between 7 July 2023 and 6 April 2025.
As at 23 June 2017 the Company had net cash balances of approximately GBP3.9m after deduction of the GBP1.5m to be paid to the various Optionholders as set out above.
EKF Diagnostics Holdings plc www.ekfdiagnostics.com Christopher Mills, Non-Executive Tel: 029 2071 0570 Chairman Julian Baines, CEO Richard Evans, FD & COO N+1 Singer (Nomad & Broker) Tel: 020 7496 3000 Alex Price / Shaun Dobson / Ali Laughton-Scott Walbrook PR Limited Tel: 020 7933 8780 or ekf@walbrookpr.com Paul McManus / Lianne Cawthorne Mob: 07980 541 893 / 07584 391 303
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) Names Julian Baines - Chief Executive Officer Richard Evans - Chief Operating Officer and Finance Director Steven Wray - Head of Sales EMEA Gilbert Mejia - Head of Sales Americas Martyn Lewis - Head of Marketing Peter Coyne - Head of Operations Ed Hitchler - General Manager, EKF USA Steffen Borlich - General Manager, EKF Germany Salim Hamir - Company Secretary and Head of Corporate Affairs Colin Anderson - Deputy Finance Director --- ------------------------ -------------------------------------- 2 Reason for the notification --- ---------------------------------------------------------------- a) Position/status See 1(a) above for positions - all classified as PDMRs of EKF --- ------------------------ -------------------------------------- b) Initial notification Initial Notification /Amendment --- ------------------------ -------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ---------------------------------------------------------------- a) Name EKF Diagnostics Holdings plc --- ------------------------ -------------------------------------- b) LEI 213800DXTF3EAUK1AR05 --- ------------------------ -------------------------------------- 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 In each case, the grant of Options the financial over Ordinary Shares instrument, type of instrument --- ------------------------ -------------------------------------- b) Identification GB0031509804 code --- ------------------------ -------------------------------------- c) Nature of the Cancellation of Options over Ordinary transaction Shares --- ------------------------ -------------------------------------- d) Price(s) and Price - n/a volume(s) Volume(s) Julian Baines - 5,127,383 Options Richard Evans - 4,260,000 Options Steven Wray - 825,000 Options Gilbert Mejia - 800,000 Options Martyn Lewis - 800,000 Options Peter Coyne - 800,000 Options Ed Hitchler - 800,000 Options Steffen Borlich - 800,000 Options Salim Hamir -600,000 Options Colin Anderson - 700,000 Options --- ------------------------ -------------------------------------- d) Aggregated information - Aggregated 15,512,383 volume N/A - Price --- ------------------------ -------------------------------------- e) Date of the transaction 26 June 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
DSHEASKDALFXEFF
(END) Dow Jones Newswires
June 26, 2017 02:00 ET (06:00 GMT)
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