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COG.GB Cambridge Cognition Holdings PLC

45.50
0.00 (0.00%)
17 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Cambridge Cognition Holdings PLC AQSE:COG.GB Aquis Stock Exchange Ordinary Share GB00B8DV9647
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 45.50 42.00 49.00 45.50 43.77 45.50 6,481 15:29:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cambridge Cognition Holdings PLC Grant of Options (0647X)

18/12/2023 7:00am

UK Regulatory


Cambridge Cognition (AQSE:COG.GB)
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RNS Number : 0647X

Cambridge Cognition Holdings PLC

18 December 2023

Cambridge Cognition Holdings plc

("Cambridge Cognition" or the "Company")

Grant of Options

Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, announces that on 15 December 2023, the Company granted options ("Options") over a total of 1,012,465 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's 2022 Long Term Incentive Plan ("LTIP").

Of these Options:

   1.   Options in respect of 411,449 Ordinary Shares were granted to Persons Discharging Managerial Responsibilities ("PDMRs") as follows: 
 
 Name               Role                   Number       Total number        Total        Percentage 
                                         of Ordinary     of Ordinary        number        of Current 
                                           Shares           Shares        of Ordinary    Issued Share 
                                         over which       over which        Shares         Capital 
                                           Options         Options           held            Held 
                                           Granted      held following 
                                                            Grant 
                    Chief Executive 
 Matthew Stork       Officer                 190,839         1,185,197        161,450           0.46% 
                   ------------------  -------------  ----------------  -------------  -------------- 
                    Chief Financial 
 Stephen Symonds     Officer                 158,778           311,449         32,950           0.09% 
                   ------------------  -------------  ----------------  -------------  -------------- 
                    Chief Technology 
 Ricky Dolphin       Officer                  61,832           282,359        119,534           0.34% 
                   ------------------  -------------  ----------------  -------------  -------------- 
 
   2.   Options in respect of 601,016 Ordinary Shares were granted to other employees of the Company. 

The Options granted to the PDMRs are in each case "performance share awards" that are exercisable at a price of 1 pence per Ordinary Share from three years following the date of award until the tenth anniversary of the date of award, subject to continued service and to the extent to which challenging performance conditions are achieved.

Under the terms of the aforementioned performance conditions, one-half of each of the Options is subject to sliding scale compound annual growth rate targets for adjusted revenue over the three year period ending 31 December 2025, the other half of each of the Options is subject to a sliding scale measure of relative total shareholder performance over a three year period that commenced on the grant of the Options.

The Options granted to others (save for one more performance share award) are exercisable at a price of 1 pence per Ordinary Share from two and a half years following the date of award until the tenth anniversary of the date of award, and will vest subject to continued service (so called 'restricted share awards').

The LTIP has scope to grant both EMI awards and non-EMI awards and was recently adopted by the Board. The terms of the LTIP align to best practice expectations, including as leaver terms and malus and clawback provisions.

Following the grant of Options, the total number of options outstanding over unissued Ordinary Shares is 3,311,573 representing approximately 9.47% of the Company's issued share capital.

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                        Matthew Stork - Chief Executive Officer 
                                    Stephen Symonds - Chief Financial 
                                    Officer 
                                    Ricky Dolphin - Chief Technology Officer 
     ---------------------------  ------------------------------------------ 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status              See 1(a) above for positions - all 
                                    classified as PDMRs of the Company 
     ---------------------------  ------------------------------------------ 
 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 the           In each case, the grant of Options 
       Financial instrument,        over Ordinary Shares on 15 December 
       type of instrument           2023 
      Identification code          GB00B8DV9647 
     ---------------------------  ------------------------------------------ 
 b)   Nature of the transaction    Grant of Options over Ordinary Shares 
                                    each with an exercise price of 1 pence 
                                    per Ordinary Share 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)       Price: n/a 
                                    Volumes: 
                                    Matthew Stork - Options over 190,839 
                                    Ordinary Shares 
                                    Stephen Symonds - Options over 158,778 
                                    Ordinary Shares 
                                    Ricky Dolphin - Options over 61,832 
                                    Ordinary Shares 
     ---------------------------  ------------------------------------------ 
 d)     Aggregated information: 
          *    Aggregated volume     411,449 
                                     n/a 
 
          *    Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      15 December 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquiries

 
 Cambridge Cognition Holdings plc 
 Matthew Stork, Chief Executive Officer       Tel: 01223 810 700 
  Stephen Symonds, Chief Financial Officer     press@camcog.com 
 
 Panmure Gordon (UK) Ltd 
  (NOMAD and Joint Broker)                       Tel: 020 78862500 
 Freddy Crossley / Emma Earl / Mark Rodgers   (Corporate Advisory) 
 Rupert Dearden                               (Corporate Broking) 
  Dowgate Capital Limited (Joint Broker)      Tel: 020 3903 7715 
  David Poutney/ James Serjeant                (Corporate Broking) 
 
 Hudson Sandler (Financial PR and IR)         Tel: 020 7796 4133 
 Dan de Belder/Hattie Dreyfus 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBXBDDXDBDGXR

(END) Dow Jones Newswires

December 18, 2023 02:00 ET (07:00 GMT)

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