LiDCO Group Plc Award of share options/director dealing (0222T)

TIDMLID

RNS Number : 0222T

LiDCO Group Plc

29 June 2018

29 June 2018

LiDCO Group Plc

("LiDCO" or the "Company")

Award of share options/director dealing

LiDCO (AIM: LID), the hemodynamic monitoring company, announces that following the notification in the Annual Report, on 20 April 2018, the Board finalised a grant of options ("Options") to Mr Sassone, CEO, to subscribe for new ordinary shares of 0.5p each ("Ordinary Shares").

 
                Option            Number      Total number  Percentage of issued 
                 type          of shares   of options held   share capital under 
                                    over        post grant                option 
                                   which 
                                 options 
                                 granted 
-------------  ------------  -----------  ----------------  -------------------- 
Matt Sassone    Unapproved     1,000,000         4,147,342                 1.70% 
-------------  ------------  -----------  ----------------  -------------------- 
  EMI                                            3,448,262                 1.41% 
 --------------------------  -----------  ----------------  -------------------- 
 
 
Total                          1,000,000         7,595,604                 3.11% 
---------------------------  -----------  ----------------  -------------------- 
 

The above Options vest and may be exercised three years from grant if certain share price hurdles are met. The Options are exercisable over a range of periods at 0.5 pence per Ordinary Share, subject to the Company's share price averaging above a number of hurdle rates. The expiry date is April 2023. The hurdle rates were set with regard to the closing midmarket price on Thursday 19 April and are between 8.38p and 12.38p.

Full details of these Options and others held are given in the Company's report and accounts (Directors' remuneration report) which are available on the Company's website.

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------------- 
 a)   Name:                              Matt Sassone 
---  ---------------------------------  --------------------------------------- 
 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:                              LiDCO Group Plc 
---  ---------------------------------  --------------------------------------- 
 b)   LEI:                               213800PYQTIUV6HIYL36 
---  ---------------------------------  --------------------------------------- 
 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       Ordinary Shares 
       instrument, type of instrument:    of 0.5p nominal 
       Identification code: 
                                          GB0030546849 
---  ---------------------------------  --------------------------------------- 
 b)   Nature of the transaction:         Grant of Management 
                                          Share Options 
---  ---------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            0.5p       1,000,000 
                                           ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 d)   Aggregated information:            Single transaction 
        *    Aggregated volume:           as in 4 c) above Price(s)   Volume(s) 
                                          ---------  ---------- 
                                           0.5p       7,595,604 
        *    Price:                       ---------  ---------- 
---  ---------------------------------  --------------------------------------- 
 e)   Date of the transaction:           20/04/18 
---  ---------------------------------  --------------------------------------- 
 f)   Place of the transaction:          London Stock Exchange, 
                                          AIM (XLON) 
---  ---------------------------------  --------------------------------------- 
 

For further information, please contact:

 
 LiDCO Group Plc                                    www.lidco.com 
 Matt Sassone (CEO)                      Tel: [phone] 
 
 
 finnCap                                 Tel: [phone] 
 Geoff Nash / Emily Watts (Corporate 
  Finance) 
 Stephen Norcross (Corporate 
  Broking) 
 
 
 Walbrook PR Ltd                            Tel: [phone] or 
                                             [e-mail] 
 Anna Dunphy                                   Mob: [phone] 
 Lianne Cawthorne                              Mob: [phone] 
 
 

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 [e-mail] or visit www.rns.com.

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June 29, 2018 02:11 ET (06:11 GMT)