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Share Name Share Symbol Market Type Share ISIN Share Description
Feedback Plc LSE:FDBK London Ordinary Share GB0003340550 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 2.44% 1.05 1.00 1.05 1.075 1.025 1.025 4,386,395 16:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 0.6 -1.1 -0.3 - 11

Feedback PLC Grant of Options

24/04/2020 7:00am

UK Regulatory (RNS & others)


Feedback (LSE:FDBK)
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From Apr 2020 to Jul 2020

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TIDMFDBK

RNS Number : 7179K

Feedback PLC

24 April 2020

Feedback plc

Grant of Options

London , UK, 24 April 2020 - Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the specialist medical imaging technology company, announces that it has granted a total of 19,000,000 options to subscribe for new ordinary shares in the Company under the Company's EMI Share Option Scheme ("Employee Options") to certain of its directors and employees, as detailed below.

The Employee Options are being issued in lieu of salary increases and bonuses this year, to support staff retention and to further align overall reward with increasing shareholder value.

The Employee Options are exercisable at a price of 1.2 pence per share and will vest, subject to the grantees' continued employment with the Company, over three years as to one-third on the first anniversary of the date of grant, one-third on the second anniversary of date of grant and one-third on the third anniversary of date of grant. The Employee Options expire 10 years after date of grant. The aggregate 19,000,000 Employee Options represent 3.52% of the Company's issued share capital.

The Employee Options are being granted to the following directors and persons discharging managerial responsibilities ("PDMRs"):

- Rory Shaw, Non-executive Chairman and Chief Medical Officer of the Company, has been granted 5,000,000 Employee Options;

- Lindsay Melvin, Finance Director of the Company, has been granted 1,500,000 Employee Options; and

- Mike Hayball, Stephen Brown, Nick Mayhew and Stephen McAteer have each been granted 2,000,000 Employee Options.

Following the grant of the Employee Options, the Company has a total of 60,330,829 options to subscribe for ordinary shares in the Company in issue, representing 11.17% of the Company's issued share capital at the date of this announcement.

The exercise price of 1.2 pence per share reflects the price at which the Company last completed an equity fundraise in August 2019 and represents a premium of 17.65 per cent to the closing share price on the last trading day before this announcement. The Company's 30 day average closing mid-price is 0.62 pence per share and the closing share price on the last trading day before this announcement was 1.02 pence per share.

The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

 
 Feedback plc                                        +44 (0)1954 718072 
  Rory Shaw, Chairman                                 IR@fbk.com 
  Tom Oakley, CEO 
  Lindsay Melvin, CFO 
 Allenby Capital Limited (Nominated Adviser) 
  David Worlidge / Asha Chotai                       +44 (0)20 3328 5656 
 Peterhouse Corporate Finance Ltd (Joint Broker) 
  Lucy Williams / Duncan Vasey                       +44 (0)20 7469 0936 
 Stanford Capital Partners Limited (Joint Broker) 
  Patrick Claridge / John Howes                      +44 20 3815 8880 
 Instinctif Partners                                 +44 (0)20 7457 2020 
  Melanie Toyne-Sewell / Phillip Marriage             feedbackplc@instinctif.com 
 

About Feedback plc - www.fbk.com

Feedback plc (AIM: FDBK) is a specialist medical imaging technology company providing innovative software and systems, through its fully-owned trading subsidiary, Feedback Medical Limited. Its products advance the work of radiologists, clinicians and medical researchers by improving workflows and giving unique insights into diseases, particularly cancer.

Feedback has launched Bleepa (TM) , a new secure, encrypted medical communication app for clinicians accessible through smartphones, tablets and desktops that facilitates rapid clinical messaging and review of medical grade imaging for all members of a clinical team, directly from a hospital Picture Archiving and Communications System (PACS). For more information on Bleepa (TM) , see www.bleepa.com .

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                       Rory Shaw 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Non-Executive Chairman 
     -------------------------  -------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Feedback plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  -------------------------------------------- 
 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             Options to subscribe for ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  -------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in consideration of payment of fees 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          5,000,000 
                                                     ---------- 
     -------------------------  -------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the transaction    23 April 2020 
     -------------------------  -------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Lindsay Melvin 
     -------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status            Finance Director 
     -------------------------  ------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                       Feedback plc 
     -------------------------  ------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  ------------------------------------------- 
 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             Options to subscribe for Ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  ------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in accordance with the Company's 
                                  EMI Share Option Scheme 
     -------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          1,500,000 
                                                     ---------- 
     -------------------------  ------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  ------------------------------------------- 
 e)   Date of the transaction    23 April 2020 
     -------------------------  ------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Mike Hayball 
     -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status             Director of Feedback Medical Limited (Person 
                                   Discharging Managerial Responsibilities) 
     -------------------------  ---------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                       Feedback plc 
     -------------------------  ---------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  ---------------------------------------------- 
 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             Options to subscribe for Ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  ---------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in consideration of payment of fees 
     -------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          2,000,000 
                                                     ---------- 
     -------------------------  ---------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  ---------------------------------------------- 
 e)   Date of the transaction    23 April 2020 
     -------------------------  ---------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Stephen Brown 
     -------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status            Director of Feedback Medical Limited (Person 
                                  Discharging Managerial Responsibilities) 
     -------------------------  --------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                       Feedback plc 
     -------------------------  --------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  --------------------------------------------- 
 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             Options to subscribe for Ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  --------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in consideration of payment of fees 
     -------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          2,000,000 
                                                     ---------- 
     -------------------------  --------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  --------------------------------------------- 
 e)   Date of the transaction    23 April 2020 
     -------------------------  --------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  --------------------------------------------- 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
     ------------------------------------------------------------------------ 
 a)   Name                       Nick Mayhew 
     -------------------------  --------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Manager at Feedback Medical Limited (Person 
                                   Discharging Managerial Responsibilities) 
     -------------------------  --------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                       Feedback plc 
     -------------------------  --------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  --------------------------------------------- 
 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             Options to subscribe for Ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  --------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in consideration of payment of fees 
     -------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          2,000,,000 
                                                     ----------- 
     -------------------------  --------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  --------------------------------------------- 
 e)   Date of the transaction    6 April 2020 
     -------------------------  --------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Stephen McAteer 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Manager at Feedback Medical Limited (Person 
                                  Discharging Managerial Responsibilities) 
     -------------------------  -------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Feedback plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800UGOF2GT2U2RV90 
     -------------------------  -------------------------------------------- 
 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             Options to subscribe for Ordinary Shares 
       the financial              of 0.25p each 
       instrument, type 
       of instrument 
 
       Identification             Identification code (ISIN) for Feedback 
       code                       plc ordinary shares: GB0003340550 
     -------------------------  -------------------------------------------- 
 b)   Nature of the              Issue of options to subscribe for Ordinary 
       transaction                Shares in consideration of payment of fees 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)          Volume(s) 
                                    Exercise price 
                                     of 1.2p          2,000,000 
                                                     ---------- 
     -------------------------  -------------------------------------------- 
 d)   Aggregated information     N/A 
       - Aggregated volume 
       - Price 
     -------------------------  -------------------------------------------- 
 e)   Date of the transaction    23 April 2020 
     -------------------------  -------------------------------------------- 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  -------------------------------------------- 
 

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.

END

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