Bisichi Plc Director/PDMR Shareholding

 
TIDMBISI 
 
Bisichi PLC 
 
Director/PDMR Shareholding 
 
1 September 2022 
 
London, 
 
FOR IMMEDIATE RELEASE 
 
                                  Bisichi plc 
                         ("Bisichi" or the "Company") 
 
                      Director Option Grant and Surrender 
 
Grant of Options 
 
Bisichi plc announces the grant of options over ordinary shares in the Company 
of 10 pence ("Options") to the following directors of the Company, under the 
Company's Unapproved Executive Share Option Scheme 2012 ("Scheme"), as set out 
below: 
 
Name of        Date of grant  Number of      Exercise price 
director                      Options 
 
 
Andrew Heller  1 September    380,000        352 pence 
               2022 
 
 
Garrett Casey  1 September    380,000        352 pence 
               2022 
 
 
The new Options are subject to the terms and conditions set out in the rules of 
the Scheme, and subject to the memorandum and articles of association of the 
Company. The new Options are exercisable at any time during the next 10 years 
from the date of grant stated above. No consideration has been paid for the 
granting of the new Options. 
 
Surrender of Options 
 
In addition, following shareholder approval at a general meeting of the Company 
on 16 June 2022, the Company announces that on 1 September 2022 it entered into 
an agreement with Andrew Heller and Garrett Casey to cancel the following 
Options granted in 2015 and 2018 under the Scheme: 
 
Name of        Date of grant  Number of      Exercise price 
director                      Options 
 
 
Andrew Heller  18/09/2015     150,000        87.01 
 
Andrew Heller  06/02/2018     150,000        73.50 
 
Garrett Casey  18/09/2015     150,000        87.01 
 
Garrett Casey  06/02/2018     230,000        73.50 
 
The Company paid each director a cash payment in consideration for cancelling 
the Options listed above. The cash payment was calculated by reference to the 
closing midmarket share price on 31 August 2022 less the relevant exercise 
price. The aggregate consideration paid by the Company to effect the 
cancellations was £1,853,270. 
 
Grant of Options 
 
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                    1)          Andrew Heller 
                                          2)          Garrett Casey 
 
2.                Reason for the notification 
 
(a)               Position/status         1)          Managing Director, 
                                          Bisichi plc (PDMR) 
                                          2)          Finance Director, Bisichi 
                                          plc (PDMR) 
 
(b)               Initial notification/   Initial Notification 
                  Amendment 
 
3.                Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
 
(a)               Name                    Bisichi plc 
 
(b)               LEI                     213800RRWN6ZBPW2ZV03 
 
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      Options over ordinary shares of 10 
                  financial instrument,   pence each in the Company 
                  type of instrument 
 
                  Identification code     ISIN: GB0001012045 
 
(b)               Nature of the           Grant of options with an exercise 
                  transaction             price of 352 pence under the Bisichi 
                                          plc 2012 share option scheme. 
 
(c)               Price(s) and volume (s) Name          Price(s)   Volume(s) 
 
                                          Andrew Heller  352 pence 380,000 
 
                                          Garrett Casey  352 pence 380,000 
 
(d)               Aggregated information  As stated above. 
 
                  - Aggregated volume 
                  - Price 
 
(e)               Date of the transaction 1 September 2022 
 
(f)               Place of the            Outside a trading venue 
                  transaction 
 
Surrender of Options 
 
1.                Details of the person discharging managerial responsibilities 
                  /person closely associated 
 
(a)               Name                  1)          Andrew Heller 
                                        2)          Garrett Casey 
 
2.                Reason for the notification 
 
(a)               Position/status       1)          Managing Director, Bisichi 
                                        plc (PDMR) 
                                        2)          Finance Director, Bisichi 
                                        plc (PDMR) 
 
(b)               Initial notification/ Initial Notification 
                  Amendment 
 
3.                Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
 
(a)               Name                  Bisichi plc 
 
(b)               LEI                   213800RRWN6ZBPW2ZV03 
 
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    Options over ordinary shares of 10 
                  financial instrument, pence each in the Company 
                  type of instrument 
 
                  Identification code   ISIN: GB0001012045 
 
(b)               Nature of the         Surrender of 680,000 options granted by 
                  transaction           Bisichi plc under the Bisichi plc 2012 
                                        share option scheme in 2015 and 2018 
 
(c)               Price(s) and volume   Name    Price(s)        Volume(s) 
                  (s) 
                                        Andrew  £815,235 paid   300,000 options 
                                        Heller  to A Heller     surrendered 
 
                                        Garrett £1,038,035 paid 380,000 options 
                                        Casey   to G Casey      surrendered 
 
(d)               Aggregated 
                  information 
                                        Options over 680,000 ordinary shares 
                  - Aggregated volume   cancelled 
                  - Price               £1,853,270 paid to A Heller and G Casey 
 
(e)               Date of the           1 September 2022 
                  transaction 
 
(f)               Place of the          Outside a trading venue 
                  transaction 
 
Garrett Casey, Company Secretary 
 
Telephone number: 020 7415 5030 
 
1 September 2022 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 01, 2022 09:35 ET (13:35 GMT)