Collagen Solutions PLC Director/PDMR Shareholding (0735N)

TIDMCOS

RNS Number : 0735N

Collagen Solutions PLC

03 May 2018

Collagen Solutions Plc

(the "Company")

3 May 2018

Director / PDMR Dealing

The Company today announces that on 3 May 2018, Lou Ruggiero, Chief Business Officer ("CBO") 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 3.65 pence per Share.

The Options, will vest in three equal tranches on the first, second and third anniversaries of 16 April 2018, being the date of Mr. Ruggiero's appointment as CBO. Such vesting will be conditional on his 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 3 May 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                           Lou Ruggiero 
     -----------------------------  -------------------------------------- 
 2    Reason for the notification 
     -----------------------------  -------------------------------------- 
 a)   Position/status                Chief Business 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 the financial   Options over Ordinary shares of 1p 
       instrument, type of            each 
       instrument 
 
 
       Identification code            ISIN Code: GB00B94T6Y14 
     -----------------------------  -------------------------------------- 
 b)   Nature of the transaction      Grant of options over ordinary shares 
                                      of 1p each exercisable at 3.65p per 
                                      share 
     -----------------------------  -------------------------------------- 
 c)   Price(s) and volume(s) 
                                         Price(s): Volume(s): 
 
                                         3.65 pence 2,000,000 
     -----------------------------  -------------------------------------- 
      Aggregated information 
 
 
        *    Aggregated volume         N/A 
 
 
                                       N/A 
 
        *    Price 
     -----------------------------  -------------------------------------- 
 e)   Date of the transaction        03/05/2018 
     -----------------------------  -------------------------------------- 
 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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May 03, 2018 10:27 ET (14:27 GMT)