Genedrive PLC Director/PDMR Shareholding (6708B)

TIDMGDR

RNS Number : 6708B

Genedrive PLC

05 April 2017

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

genedrive plc (LSE: GDR) ("genedrive" or the "Company"), the near patient molecular diagnostics company, announces that it has granted share options ("Options") to certain of its directors and senior management to acquire a total of 632,884 ordinary shares of 1.5p each in the capital of the Company under the Company's Share Option Scheme.

The Options have been granted with an exercise price equal to the close price on the day before grant and vest after a period of three years. The Options are exercisable over the period of 10 years from the date of grant.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                                       1. David Budd 
                                                  2. Allan Brown 
                                                  3. Gino Miele 
---  ------------------------------  --------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------- 
 a.   Position/status                            1. Chief Executive Officer 
                                                  2. Chief Operating Officer 
                                                  3. R&D Director 
---  ------------------------------  --------------------------------------------- 
 a.   Initial notification            Initial notification 
       /Amendment 
---  ------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------- 
 a.   Name                            genedrive plc 
---  ------------------------------  --------------------------------------------- 
 b.   LEI                             N/A 
---  ------------------------------  --------------------------------------------- 
 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                     Options over ordinary shares of 
       of the                          1.5 pence each 
       Financial 
       instrument, 
       type 
       of instrument 
       Identification 
       code 
---  ------------------------------  --------------------------------------------- 
 b.   Nature of                       Grant of options pursuant to and 
       the transaction                 in accordance with the terms of 
                                       the Company's Share Option Scheme 
                                       dated 28 November 2007. 
---  ------------------------------  --------------------------------------------- 
 c.   Price(s)                          Price(s)               Option   Volume(s) 
       and volume(s)                                          price(s) 
                                        ------------------  ----------  ---------- 
                                              David Budd         42.5p     397,590 
                                        ------------------  ----------  ---------- 
                                              Allan Brown        42.5p     117,647 
                                        ------------------  ----------  ---------- 
                                              Gino Miele         42.5p     117,647 
                                        ------------------  ----------  ---------- 
---  ------------------------------  --------------------------------------------- 
 d.        Aggregated 
            information                 N/A 
             *    Aggregated volume 
 
 
             *    Price 
---  ------------------------------  --------------------------------------------- 
 e.   Date of the                     2016-04-04; UTC time 
       transaction 
---  ------------------------------  --------------------------------------------- 
 f.   Place of                        Outside trading venue - shares 
       the transaction                 to be admitted to AIM market of 
                                       London Stock Exchange plc on exercise 
                                       of options 
---  ------------------------------  --------------------------------------------- 
 

For further details please contact:

 
 genedrive plc                         [phone] 
 David Budd: CEO 
 Matthew Fowler: CFO 
 Peel Hunt LLP                         [phone] 
 James Steel 
 Oliver Jackson 
 Consilium Strategic Communications    [phone] 
 Chris Gardner 
 Matthew Neal 
 Laura Thornton 
 [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEAELSEFSXEFF

(END) Dow Jones Newswires

April 05, 2017 06:17 ET (10:17 GMT)