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GDR Genedrive Plc

5.75
-0.375 (-6.12%)
Last Updated: 08:11:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Genedrive Plc LSE:GDR London Ordinary Share GB00B1VKB244 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375 -6.12% 5.75 5.50 6.00 6.25 5.75 6.25 695,108 08:11:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Physical, Biologcl Resh 55k -5.15M -0.0447 -1.37 7.05M

Genedrive PLC Grant of options (0346F)

04/03/2020 3:34pm

UK Regulatory


Genedrive (LSE:GDR)
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TIDMGDR

RNS Number : 0346F

Genedrive PLC

04 March 2020

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

genedrive plc (LSE: GDR) ("genedrive" or the "Company"), the near patient molecular diagnostics company, announces that it has granted share options ("Options") to members of its senior management team to acquire a total of 2,169,608 ordinary shares of 1.5p each ("Ordinary Shares") in the Company under the Company's Share Option Scheme.

The Options have been granted with an exercise price equal to the close price on the day before the grant and vest after a period of three years, subject to certain performance criteria being met through achieving revenue targets, achieving cash targets and completing certain strategic projects in the year ending June 2022. The Options are exercisable over the period of 10 years from the date of grant.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
      a.         Name                                       1. David Budd 
                                                             2. Matthew Fowler 
                                                             3. Gino Miele 
                                                             4. Gordon Powell 
                                                             5. Colleen Pythian 
                ------------------------------  ---------------------------------------------------------- 
            2.   Reason for the notification 
                ------------------------------------------------------------------------------------------ 
            a.   Position/status                      1. CEO 
                                                       2. CFO 
                                                       3. R&D Director 
                                                       4. Commercial Director 
                                                       5. Director of Quality & Regulation 
                ------------------------------  ---------------------------------------------------------- 
            a.   Initial notification            Initial notification 
                  /Amendment 
                ------------------------------  ---------------------------------------------------------- 
      3.         Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ------------------------------------------------------------------------------------------ 
            a.   Name                            genedrive plc 
                ------------------------------  ---------------------------------------------------------- 
            b.   LEI                             213800ZYODIRZ87Y4K14 
                ------------------------------  ---------------------------------------------------------- 
            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 over ordinary shares of 1.5 pence 
                  the                             each 
                  Financial instrument, 
                  type 
                  of instrument 
                  Identification                  GB00B1VKB244 
                  code 
                ------------------------------  ---------------------------------------------------------- 
            b.   Nature of the                              Grant of options pursuant to and in accordance 
                  transaction                                with the terms of the Company's Share Option 
                                                             Scheme dated 29 November 2017 
                ------------------------------  ---------------------------------------------------------- 
            c.   Price(s) and 
                  volume(s)                                               Volume(s) 
                                                        Option price(s) 
                                                                                     ---------- 
                                                         David Budd            9.0p   1,056,982 
                                                                         ----------  ---------- 
                                                         Matthew 
                                                          Fowler               9.0p     672,626 
                                                                         ----------  ---------- 
                                                         Gino Miele            9.0p     170,000 
                                                                         ----------  ---------- 
                                                         Gordon Powell         9.0p     170,000 
                                                                         ----------  ---------- 
                                                         Colleen 
                                                          Pythian              9.0p     100,000 
                                                                         ----------  ---------- 
                ------------------------------  ---------------------------------------------------------- 
            d.        Aggregated information 
                        *    Aggregated volume     N/A 
 
 
                        *    Price 
                ------------------------------  ---------------------------------------------------------- 
            e.   Date of the transaction         2020-04-03 
                ------------------------------  ---------------------------------------------------------- 
            f.   Place of the                    Outside a trading venue 
                  transaction 
                ------------------------------  ---------------------------------------------------------- 
 

For further details please contact:

 
 genedrive plc                                                               +44 (0)161 989 0245 
 David Budd: CEO / Matthew Fowler: 
  CFO 
 
 Peel Hunt LLP (Nominated Adviser and 
  Joint Broker)                                                              +44 (0)20 7418 8900 
 James Steel / Oliver Jackson 
 
            Stanford Capital Partners Limited 
             (Joint Broker)                                                  +44 (0)20 3815 8880 
            Patrick Claridge / John Howes 
 
 Walbrook PR Ltd (Media Relations &              +44 (0)20 7933 8780 or genedrive@walbrookpr.com 
  Investor Relations) 
                                                                       +44 (0)7980 541 893 / +44 
 Paul McManus / Anna Dunphy                                                      (0)7876 741 001 
 

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

DSHJIMATMTJMBBM

(END) Dow Jones Newswires

March 04, 2020 10:34 ET (15:34 GMT)

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