Cambridge Cognition Holdings PLC Block Admission Application & Exercise of Options (5850T)

TIDMCOG

RNS Number : 5850T

Cambridge Cognition Holdings PLC

21 March 2023

21 March 2023

Cambridge Cognition Holdings plc

("Cambridge Cognition", the "Company" or the "Group")

Block Admission Application

Exercise of Options and PDMR Dealing

Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, announces that an application has been made to the London Stock Exchange for a block admission of 1,000,000 ordinary shares of GBP0.01 each ("Ordinary Shares") to be admitted to trading on AIM ("Block Admission").

The Block Admission relates to Ordinary Shares that will be issued from time to time in accordance with the exercise of options previously granted by the Company. All Ordinary Shares issued pursuant to the Block Admission above will rank pari passu with the existing Ordinary Shares.

It is expected that the Block Admission will become effective on or around 23 March 2023.

In addition, the Company has issued and allotted 199,701 new Ordinary Shares in the share capital of the Company following the exercise of 222,820 options on 16 March 2023 ("Option Exercise"). Of the options exercised, 90,000 were exercised utilising the net cashless exercise feature, resulting in 23,119 options being surrendered to the Company. The options were exercised pursuant to the Cambridge Cognition Holdings 2013 EMI Share Option Plan. The new Ordinary Shares will be admitted to trading pursuant to the Block Admission.

Included in the exercise of options were options over 119,534 Ordinary Shares held by PDMRs of the Company as detailed in the table below:

 
 Director/                 Position      Existing          Number of     Resultant            Rollover 
  PDMR                                   interest       Options over      interest   options remaining 
                                      in Ordinary           Ordinary   in Ordinary      after exercise 
                                           Shares   Shares exercised        Shares 
                  Chief Technology 
 Ricky Dolphin     Officer                      -            119,534       119,534                   - 
                 ------------------  ------------  -----------------  ------------  ------------------ 
 

Total voting rights

Following the issue of the new Ordinary Shares pursuant to the Option Exercise, the total number of voting rights of the Company will be 34,815,389. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in Cambridge Cognition under the FCA's Disclosure and Transparency Rules.

The Company intends to notify on a monthly basis when there are changes to the issued share capital of the Company, and these monthly figures may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Cambridge Cognition Holdings Plc               Tel: [phone] 
   Matthew Stork, Chief Executive Officer         [e-mail] 
   Stephen Symonds, Chief Financial Officer 
 
   Panmure Gordon (UK) Limited (NOMAD and Joint   Tel: [phone] 
   Broker)                                        (Corporate Finance) 
   Freddy Crossley / Emma Earl                    (Corporate Broking) 
   Rupert Dearden 
  Dowgate Capital Limited (Joint Broker)         Tel: [phone] 
   David Poutney / James Serjeant 
 
   IFC Advisory Ltd (Financial PR and IR)         Tel: [phone] 
   Tim Metcalfe / Graham Herring / Zach Cohen 
 
 
 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)   Name                       Ricky Dolphin 
       -------------------------  ------------------------------------- 
   2    Reason for the notification 
       ---------------------------------------------------------------- 
   a)   Position/status            Chief Technology Officer 
       -------------------------  ------------------------------------- 
   b)   Initial notification       Initial notification 
         /Amendment 
       -------------------------  ------------------------------------- 
   3    Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------- 
   a)   Name                       Cambridge Cognition Holdings Plc 
       -------------------------  ------------------------------------- 
   b)   LEI                        213800SZKDIN122EPA96 
       -------------------------  ------------------------------------- 
   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             Ordinary shares of 0.01p each 
         the financial 
         instrument, type           GB00B8DV9647 
         of instrument 
         Identification 
         code 
       -------------------------  ------------------------------------- 
   b)   Nature of the              Exercise of Share Options 
         transaction 
       -------------------------  ------------------------------------- 
   c)   Price(s) and volume(s)      Price(s)           Volume(s) 
                                          a) GBP0.01         a) 19,721 
                                           b) GBP0.70         b) 1,600 
                                           c) GBP0.28         c) 98,213 
                                                       ---------------- 
       -------------------------  ------------------------------------- 
   d)   Aggregated information 
         - Aggregated volume        119,534 
         - Price                    GBP0.24 
       -------------------------  ------------------------------------- 
   e)   Date of the transaction    20 March 2023 
       -------------------------  ------------------------------------- 
   f)   Place of the transaction   London Stock Exchange 
       -------------------------  ------------------------------------- 
 

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March 21, 2023 03:00 ET (07:00 GMT)