Venture Life Group PLC Grant of Options (1143E)

TIDMVLG

RNS Number : 1143E

Venture Life Group PLC

04 May 2017

Venture Life Group plc

("Venture Life" or "the Company")

4 May 2017

Grant of Options

Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces that it has granted a total of 365,000 options over ordinary shares in the Company (the "Options"), to various employees including a Person Discharging Managerial Responsibility ("PDMRs"). The Options were granted on 2 May 2017 and vest in three equal tranches on the first, second and third anniversary following the date of grant. The Options are exercisable at a price of 59.5p per share.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                                                     Peter Shepherd - Group Financial Controller 
    --------------------------------------------------------  -------------------------------------------------------- 
2   Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)  Position/status                                           See 1(a) above for position - Peter Shepherd classified 
                                                              as a PDMR of Venture Life 
    --------------------------------------------------------  -------------------------------------------------------- 
b)  Initial notification /Amendment                           Initial Notification 
    --------------------------------------------------------  -------------------------------------------------------- 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
    ------------------------------------------------------------------------------------------------------------------ 
a)  Name                                                      Venture Life Group plc 
    --------------------------------------------------------  -------------------------------------------------------- 
b)  LEI 
    --------------------------------------------------------  -------------------------------------------------------- 
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 instrument, type of          Ordinary Shares of 0.3p each in Venture Life Group plc 
    instrument 
    --------------------------------------------------------  -------------------------------------------------------- 
b)  Identification code                                       GB00BFPM8908 
    --------------------------------------------------------  -------------------------------------------------------- 
c)  Nature of the transaction                                 Grant of Options over Ordinary Shares 
    --------------------------------------------------------  -------------------------------------------------------- 
d)  Price and volumes                                         Price - 59.5p, 55,000 options 
    --------------------------------------------------------  -------------------------------------------------------- 
d)  Aggregated information 
     - Aggregated volume 
     - Price 
    --------------------------------------------------------  -------------------------------------------------------- 
e)  Date of the transaction                                   2 May 2017 
    --------------------------------------------------------  -------------------------------------------------------- 
f)  Place of the transaction                                  Outside a trading venue 
    --------------------------------------------------------  -------------------------------------------------------- 
 

For further information, please contact:

 
 Venture Life Group PLC                           [phone] 
 Jerry Randall, Chief Executive 
  Officer 
 Adrian Crockett, Chief Financial 
  Officer 
 
 
 Northland Capital Partners Limited                   [phone] 
  (Nominated Adviser and Joint Broker)                           6625 
 Matthew Johnson / Edward Hutton 
  / Margarita Mitropoulou 
  (Corporate Finance) 
 Bob Pountney / John Howes (Corporate 
  Broking) 
 
 
 Turner Pope Investments (TPI) Ltd                    [phone] 
  (Joint Broker)                                                 4120 
 James Pope / Ben Turner 
 
 
 Walbrook PR                               [e-mail] 
                                                                   or 
                                                + 44 (0) 20 7933 8780 
 Paul McManus / Anna Dunphy                [phone] / +44 
                                                     (0) 7876 741 001 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2017 02:00 ET (06:00 GMT)