Futura Medical PLC Directors’ / PDMR Dealing and Grant of Options

RNS Number : 2960M

Futura Medical PLC

29 April 2024

 

29 April 2024

 

Futura Medical plc

("Futura" or the "Company")

Directors' / PDMR Dealing and Grant of Options

Futura Medical plc (AIM: FUM), the consumer healthcare company behind Eroxon, that specialises in the development and global commercialisation of innovative and clinically proven sexual health products, announces that it has granted options over a total of 2,176,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") to employees and Directors, of which 905,000 options were granted to Directors and PDMRs as detailed below. The options are part of annual awards made by Futura in accordance with existing share schemes.

 

Director	Number of options granted	Exercise price	Exercise period	Total number of options held following notification	Total number of Ordinary Shares held
J H Barder	345,000	35.50p	1 April 2027 - 31 Mar 2034	3,960,927	1,420,972
A Hildreth	280,000	35.50p	1 April 2027 - 31 Mar 2034	3,320,082	142,857
K W James	280,000	35.50p	1 April 2027 - 31 Mar 2034	3,655,953	299,581

 

Of the total 2,176,000 options, 1,611,000 were granted under the Futura Medical plc Enterprise Management Incentive Scheme, and 565,000 were granted under the unapproved scheme.

 

Vesting is subject to the achievement of a performance-related milestone and that the Director/PDMR/employee remains employed with the Company as at the date of exercise.  Further disclosures are contained in the tables below. 

 

ENDS

 

Contacts:

Futura Medical plc	James Barder Chief Executive Officer Angela Hildreth Finance Director and COO	[e-mail] [phone] www.futuramedical.com
Liberum Nominated Adviser and Broker	Phil Walker Richard Lindley Nikhil Varghese	[phone]
Stifel Nicolaus Europe Limited Joint Broker	Alan Selby Ben Maddison	[phone]
Alma Strategic Communications	Rebecca Sanders-Hewett Sam Modlin Will Ellis Hancock	[phone] [e-mail]

 

Notes to Editors:

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.

Eroxon, Futura's clinically proven lead product, has been developed for the treatment of Erectile Dysfunction ("ED"). The highly differentiated product, which is the only topical gel treatment for ED available over the counter and helps men get an erection in ten minutes, addresses significant unmet needs in the ED market.

ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.

Futura has distribution partners in place in a number of major consumer markets including Haleon in the US, the largest market for ED in the world, and Cooper Consumer Health in Europe. Eroxon has been nominated for a number of healthcare industry awards and has won two to-date.

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Barder
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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 instrument, type of instrument   Identification code	Options over Ordinary Shares of 0.2 pence each     GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) -   345,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	26 April 2024
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Hildreth
2	Reason for the notification
a)	Position/status	Finance Director and Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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 instrument, type of instrument   Identification code	Options over Ordinary Shares of 0.2 pence each     GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) - 280,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	26 April 2024
f)	Place of the transaction	Outside a trading venue

 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ken James
2	Reason for the notification
a)	Position/status	Executive Director and Head of R&D
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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 instrument, type of instrument   Identification code	Options over Ordinary Shares of 0.2 pence each     GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) - 280,000
d)	Aggregated information -         Aggregated volume -         Price	N/A single transaction
e)	Date of the transaction	26 April 2024
f)	Place of the transaction	Outside a trading venue

 

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END

 

 

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