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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tissue Regenix Group Plc | LSE:TRX | London | Ordinary Share | GB00BNTXR104 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 61.50 | 61.00 | 62.00 | 62.00 | 61.50 | 61.50 | 61,694 | 08:00:13 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 24.48M | -2.7M | -0.0382 | -16.10 | 43.4M |
TIDMTRX
RNS Number : 6727A
Tissue Regenix Group PLC
23 January 2024
Tissue Regenix Group plc
("Tissue Regenix" or "the Group")
2023 LTIP Grant
Tissue Regenix (AIM: TRX), the regenerative medical devices company, announces that Daniel Lee, Chief Executive Officer, and David Cocke, Chief Financial Officer, were each granted an award of restricted share units ("RSUs") with respect to ordinary shares in the capital of the Company ("Ordinary Shares") on 21 March 2023, under the Company's existing Long-Term Incentive Plan, following the publication of its 2022 results.
Daniel Lee was awarded 19,807,390 RSUs (subsequently reduced to 198,073 RSUs following the Company's share consolidation that became effective on 28 April 2023) and David Cocke has been awarded 15,367,803 RSUs (subsequently reduced to 153,678 RSUs), where each RSU that vests shall represent the right to receive payment of one Ordinary Share. The exercise price of the RSUs was 0.1p per Ordinary Share (subsequently adjusted to 10p). The RSUs are subject to continued service over a period of three years and satisfaction of customary performance conditions relating to growth in total shareholder return, annual revenue targets, annual profitability targets and personal performance targets, further details of which will be set out in the Company's 2023 Annual Report.
Following the grant of these options, Daniel Lee and David Cocke hold options over a total of 756,897 and 514,002 RSUs respectively representing 1.1% and 0.7% of the current issued share capital respectively.
For more information:
Tissue Regenix Group plc www.tissueregenix.com David Cocke, Chief Financial Officer via Walbrook PR Cavendish Capital Markets Limited (Nominated Adviser and Broker) Emily Watts/Geoff Nash/George Dollemore - Corporate Finance Nigel Birks/Harriet Ward - ECM Walbrook PR (Financial PR and IR) Tel: +44 (0)20 7933 8780 Charlotte Edgar / Alice Woodings TissueRegenix@walbrookpr.com
About Tissue Regenix ( www.tissueregenix.com )
Tissue Regenix is a leading medical devices company in the field of regenerative medicine. The company's patented decellularisation ('dCELL(R)') technology removes DNA and other cellular material from animal and human soft tissue leaving an acellular tissue scaffold which is not rejected by the patient's body and can then be used to repair diseased or worn-out body parts. Current applications address many critical clinical needs such as sports medicine, heart valve replacement and wound care.
In August 2017 Tissue Regenix acquired CellRight Technologies(R), a biotech company that specializes in regenerative medicine and is dedicated to the development of innovative osteoinductive and soft tissue scaffolds that enhance healing opportunities of defects created by trauma and disease. CellRight's human osteobiologics may be used in spine, trauma, general orthopaedic, foot & ankle, dental, and sports medicine surgical procedures.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Daniel Lee --------------------- ------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status CEO --------------------- ------------------------------------------- b) Initial notification Initial notification /Amendment --------------------- ------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Tissue Regenix Group plc --------------------- ------------------------------------------- b) LEI 213800PNOD5UHQUFJI36 --------------------- ------------------------------------------- 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 Restricted share units ("RSUs") with of the financial respect to ordinary shares in the capital instrument, of the Company of 0.1p type of instrument --------------------- ------------------------------------------- b) Identification GB00B5SGVL29 code --------------------- ------------------------------------------- c) Nature of the Issue of options transaction --------------------- ------------------------------------------- d) Price(s) and Volume(s): volume(s) 19,807,390 RSUs Price: 0.1 pence per RSU --------------------- ------------------------------------------- d) Aggregated information 19,807,390 - Aggregated GBP19,807.39 volume - Price --------------------- ------------------------------------------- e) Date of the 21 March 2023 transactions --------------------- ------------------------------------------- f) Place of the Outside of a trading venue transaction --------------------- ------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name David Cocke --------------------- ------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------ a) Position/status CFO --------------------- ------------------------------------------- b) Initial notification Initial notification /Amendment --------------------- ------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------ a) Name Tissue Regenix Group plc --------------------- ------------------------------------------- b) LEI 213800PNOD5UHQUFJI36 --------------------- ------------------------------------------- 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 Restricted share units ("RSUs") with of the financial respect to ordinary shares in the capital instrument, of the Company of 0.1p type of instrument --------------------- ------------------------------------------- b) Identification GB00B5SGVL29 code --------------------- ------------------------------------------- c) Nature of the Issue of options transaction --------------------- ------------------------------------------- d) Price(s) and Volume(s): volume(s) 15,367,803 RSUs Price: 0.1 pence per RSU --------------------- ------------------------------------------- d) Aggregated information 15,367,803 - Aggregated GBP15,367.80 volume - Price --------------------- ------------------------------------------- e) Date of the 21 March 2023 transactions --------------------- ------------------------------------------- f) Place of the Outside of a trading venue transaction --------------------- -------------------------------------------
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January 23, 2024 12:24 ET (17:24 GMT)
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