Instem plc Grants to Directors under the Instem LTIP (8537F)

TIDMINS

RNS Number : 8537F

Instem plc

26 February 2018

Instem plc

("Instem" or the "Company")

Grants to Directors under the Instem Long Term Incentive Plan ('LTIP')

Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that Chief Executive Officer, Phil Reason and Chief Financial Officer, Nigel Goldsmith have each been granted nil-cost options over 80,000 Instem ordinary shares of 10p ("Ordinary Shares") under the Company's long-term incentive plan ("LTIP").

These 160,000 share options will become exercisable in 2021, subject to meeting share price targets, pursuant to the rules of the LTIP, which was approved by the Board on 22 February 2018. Following exercise of the options, the resulting shares will then be subject to a minimum 12-month holding period.

After these grants of options, Phil Reason and Nigel Goldsmith hold a total of 384,606 and 217,500 share options, respectively whilst their holdings in Ordinary Shares remain unchanged at 665,287 and Nil, respectively.

For further information, please contact:

 
 Instem plc                         [phone] 
 Phil Reason, CEO 
 Nigel Goldsmith, CFO 
 
 
   N+1 Singer (Nominated Adviser 
   & Broker)                          [phone] 
 Richard Lindley 
  James White 
  Rachel Hayes 
 
 
   Walbrook Financial PR            [phone] 
 Paul Cornelius                     [e-mail] 
 Helen Cresswell 
  Sam Allen 
 
 

About Instem

Instem is a leading provider of IT solutions & services to the life sciences market delivering compelling solutions for Study Management and Data Collection; Regulatory Solutions for Submissions and Compliance; and Informatics-based Insight Generation.

Instem solutions are in use by customers worldwide and enable our clients to bring life enhancing products to market faster.

Instem's portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonisation of actionable scientific information.

Instem supports over 500 clients through offices in the United States, United Kingdom, France, Japan, China and India.

To learn more about Instem solutions and its mission, please visit instem.com.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Phil Reason 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Chief Executive Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Instem plc 
---  -------------------------  ------------------------------- 
 b)   LEI                        213800PILYUFNNROQX68 
---  -------------------------  ------------------------------- 
 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 
       the financial              of 10p each 
       instrument, type 
       of instrument 
                                  ISIN Code: GB00B3TQCK30 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the                   (i) Grant of options over 
       transaction                     Ordinary Shares 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s):       Volume(s): 
                                         (i) Nil    80,000 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    22/02/2018 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Off market 
---  -------------------------  ------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                       Nigel Goldsmith 
---  -------------------------  -------------------------------- 
 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                       Instem plc 
---  -------------------------  -------------------------------- 
 b)   LEI                        213800PILYUFNNROQX68 
---  -------------------------  -------------------------------- 
 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 
       the financial              of 10p each 
       instrument, type 
       of instrument 
                                  ISIN Code: GB00B3TQCK30 
       Identification 
       code 
---  -------------------------  -------------------------------- 
 b)   Nature of the                   (ii) Grant of options over 
       transaction                     Ordinary Shares 
---  -------------------------  -------------------------------- 
 c)   Price(s) and volume(s)       Price(s):        Volume(s): 
                                         (ii) Nil    80,000 
---  -------------------------  -------------------------------- 
 d)   Aggregated information     N/A 
 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  -------------------------------- 
 e)   Date of the transaction    22/02/2018 
---  -------------------------  -------------------------------- 
 f)   Place of the transaction   Off market 
---  -------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 26, 2018 02:01 ET (07:01 GMT)