Collagen Solutions PLC Director/PDMR Shareholding (0995K)

TIDMCOS

RNS Number : 0995K

Collagen Solutions PLC

06 April 2018

Collagen Solutions Plc

(the "Company")

6 April 2018

Director / PDMR Dealing

The Company today announces that on 5 April 2018, Hilary Spence, Chief Financial Officer ("CFO") of the Company, was granted options (the "Options") over 2,000,000 ordinary shares of 1 pence each in the share capital of the Company ("Shares") exercisable at a price of 2.70 pence per Share.

The Options, will vest in three equal tranches on the first, second and third anniversaries of 3 January 2018, being the date of Ms. Spence's appointment as CFO. Such vesting will be conditional on her continued employment. In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any period of six months. All Options will lapse after 10 years from the date of grant, being 5 April 2018.

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                         Hilary Spence 
---  ---------------------------  ------------------------------- 
 2    Reason for the 
       notification 
---  ---------------------------  ------------------------------- 
 a)   Position/status              Chief Financial Officer 
---  ---------------------------  ------------------------------- 
 b)   Initial notification         Initial Notification 
       /Amendment 
---  ---------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                         Collagen Solutions Plc 
---  ---------------------------  ------------------------------- 
 b)   LEI                          213800IFY1CVGRGETL95 
---  ---------------------------  ------------------------------- 
 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 1p each 
       the financial instrument, 
       type of instrument 
 
                                    ISIN Code: GB00B94T6Y14 
       Identification 
       code 
---  ---------------------------  ------------------------------- 
 b)   Nature of the transaction    Grant of options over ordinary 
                                    shares of 1p each exercisable 
                                    at 2.70p per share 
---  ---------------------------  ------------------------------- 
 c)   Price(s) and volume(s) 
                                       Price(s): Volume(s): 
 
                                       2.70 pence 2,000,000 
---  ---------------------------  ------------------------------- 
      Aggregated information 
 
 
        *    Aggregated volume       N/A 
 
 
                                     N/A 
 
        *    Price 
---  ---------------------------  ------------------------------- 
 e)   Date of the transaction      05/04/2018 
---  ---------------------------  ------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
---  ---------------------------  ------------------------------- 
 

For further information please contact:

 
Collagen Solutions Plc                      Tel: [phone] 
 Jamal Rushdy, Chief Executive Officer 
 Hilary Spence, Chief Financial Officer 
 Lisa Baderoon, Head of Investor Relations   Tel: [phone] or [e-mail] 
Cenkos Securities plc (NOMAD and Broker)    Tel: [phone] 
 Stephen Keys 
 Steve Cox 
Walbrook PR                                 Tel: [phone] or [e-mail] 
 Anna Dunphy                                 Mob: [phone] 
 Helen Cresswell 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 06, 2018 04:31 ET (08:31 GMT)