LiDCO Group Plc Confirmation of CFO appointment & Award of options (2639K)

TIDMLID

RNS Number : 2639K

LiDCO Group Plc

06 July 2017

LiDCO Group Plc

("LiDCO" or the "Company")

Confirmation of Chief Financial Officer appointment

Award of share options/director dealing

LiDCO (AIM: LID), the hemodynamic monitoring company, confirms the appointment of Jill McGregor as Chief Financial Officer on the 3 July, further to the announcement made on the 1 March 2017.

Ms McGregor is a Chartered Accountant and has over 25 years' experience in a number of finance roles. Ms McGregor joins LiDCO after six years as Chief Financial Officer of Touch Bionics, a UK based provider of upper limb technologies, with operations in the USA and Germany which was recently acquired by Össur. Prior to this, Ms McGregor spent seven years at Optos plc, a provider of retinal imaging devices, as Group Financial Controller and then as Vice President and Director of Finance. Optos listed on the London Stock Exchange in 2006 and was acquired by Nikon in 2015.

Grant of options

Yesterday, 5 July 2017, the Company finalised a grant of options ("Options") to Jill McGregor, CFO, to subscribe for new ordinary shares of 0.5p each ("Ordinary Shares").

 
                 Option         Number  Total number  Percentage of issued 
                  type       of shares    of options   share capital under 
                            over which     held post                option 
                               options         grant 
                               granted 
--------------  --------  ------------  ------------  -------------------- 
Jill McGregor    EMI         1,500,000     1,500,000                  0.6% 
--------------  --------  ------------  ------------  -------------------- 
 
Total                        1,500,000     1,500,000                  0.6% 
------------------------  ------------  ------------  -------------------- 
 

The above Options vest and may be exercised three years from grant if certain share price hurdles are met. The Options are exercisable over a range of periods at 0.5 pence per Ordinary Share, subject to the Company's share price averaging above a number of hurdle rates. The hurdle rates were in part set with regard to yesterday's closing share price of 10.125p and are between 12p and 16p.

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Jill McGregor 
---  ---------------------------------  --------------------------------------- 
 2.   Reason for the notification 
---  -------------------------------------------------------------------------- 
 a)   Position/status:                   Chief Financial Officer 
---  ---------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:    Initial Notification 
---  ---------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  -------------------------------------------------------------------------- 
 a)   Name:                              LiDCO Group 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 of the financial       Ordinary Shares of 
       instrument, type of instrument:    0.5p nominal 
       Identification code: 
                                          GB0030546849 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Grant of Management 
                                          Share Options 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            0.5p       1,500,000 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as in 4 c) above Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           0.5p       1,500,000 
        *    Price:                       ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           05/07/17 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, 
                                          AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 

For further information, please contact:

 
 LiDCO Group Plc                                    www.lidco.com 
 Matt Sassone (CEO)                      Tel: [phone] 
 
 finnCap                                 Tel: [phone] 
 Geoff Nash / Emily Watts (Corporate 
  Finance) 
 Stephen Norcross (Corporate 
  Broking) 
 
 Walbrook PR Ltd                            Tel: [phone] or 
                                             [e-mail] 
 Paul McManus                                  Mob: [phone] 
 Lianne Cawthorne                              Mob: [phone] 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 06, 2017 02:00 ET (06:00 GMT)