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LID Lidco Group Plc

11.75
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lidco Group Plc LSE:LID London Ordinary Share GB0030546849 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.75 11.50 12.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

LiDCO Group Plc Award of share options/director dealing (2619W)

16/04/2019 7:01am

UK Regulatory


Lidco (LSE:LID)
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TIDMLID

RNS Number : 2619W

LiDCO Group Plc

16 April 2019

LiDCO Group Plc

("LiDCO" or the "Company")

Award of share options/director dealing

LiDCO (AIM: LID), the hemodynamic monitoring company, announces that the Board has yesterday, 15 April 2019, finalised the grant of options ("Options") to Mr Sassone, CEO and Mr Hall, CFO, to subscribe for new ordinary shares of 0.5p.

 
               Option type    Number of shares       Total number         Percentage 
                                    over which         of options    of issued share 
                               options granted    held post grant      capital under 
                                                                              option 
 Mr Sassone    EMI                           -          3,448,262              1.41% 
   Unapproved                        2,000,000          6,147,342              2.52% 
 --------------------------  -----------------  -----------------  ----------------- 
  Total                              2,000,000          9,595,604              3.93% 
 --------------------------  -----------------  -----------------  ----------------- 
 Mr Hall       EMI                   2,000,000          2,000,000              0.82% 
              -------------  -----------------  -----------------  ----------------- 
 

A proportion of the Options may vest and be exercised at 0.5 pence per Ordinary Share anytime between 9 April 2022 and 9 April 2025 if the average share price in the three months ending 9 April 2022 (the "Average Share Price") equals or exceeds 6.00p. At an Average Share Price of 6.00p, 15% of the Options become exercisable, for all of the Options to vest the Average Share Price must equal or exceed 10.00p, and a straight line sliding scale applies to determine the amount vesting if the Average Share Price is between 6.00p and 10.00p.

The Company is currently in the process of finalising share option grants to key employees over a further 1,025,000 Ordinary shares. Following these grants, the total number of shares under option will be 20,478,376 representing 8.4% of the issued share capital.

The notifications below are 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 instrument,   Ordinary Shares of 0.5 
       type of instrument:                        pence each 
       Identification code: 
                                                  GB0030546849 
     -----------------------------------------  ------------------------------------ 
 b)   Nature of the transaction:                 Grant of Management Share 
                                                  Options 
     -----------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s):                     Price(s)      Volume(s) 
                                                   0.50 pence 
                                                    per share    2,000,000 
                                                                ---------- 
     -----------------------------------------  ------------------------------------ 
 d)   Aggregated information:                    Single transaction as in 
        *    Aggregated volume:                   4 c) above Price(s)      Volume(s) 
                                                   0.50 pence 
                                                    per share    2,000,000 
        *    Price:                                             ---------- 
     -----------------------------------------  ------------------------------------ 
 e)   Date of the transaction:                   15-04-2019 
     -----------------------------------------  ------------------------------------ 
 f)   Place of the transaction:                  London Stock Exchange, 
                                                  AIM (XLON) 
     -----------------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Tim Hall 
     -----------------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status:                           Chief Financial 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 instrument,   Ordinary Shares of 0.5 
       type of instrument:                        pence each 
       Identification code: 
                                                  GB0030546849 
     -----------------------------------------  ------------------------------------ 
 b)   Nature of the transaction:                 Grant of Management Share 
                                                  Options 
     -----------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s):                     Price(s)      Volume(s) 
                                                   0.50 pence 
                                                    per share    2,000,000 
                                                                ---------- 
     -----------------------------------------  ------------------------------------ 
 d)   Aggregated information:                    Single transaction as in 
        *    Aggregated volume:                   4 c) above Price(s)      Volume(s) 
                                                   0.50 pence 
                                                    per share    2,000,000 
        *    Price:                                             ---------- 
     -----------------------------------------  ------------------------------------ 
 e)   Date of the transaction:                   15-04-2019 
     -----------------------------------------  ------------------------------------ 
 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: +44 (0)20 7749 1500 
  Tim Hall (CFO) 
 
 finnCap                                                  Tel: +44 (0)20 7600 1658 
 Geoff Nash / Hannah Boros (Corporate 
  Finance) 
 Andrew Burdis (ECM) 
 
 Walbrook PR Ltd                        Tel: 020 7933 8780 or lidco@walbrookpr.com 
 Paul McManus (Media Relations)                                 Mob: 07876 741 001 
 Lianne Cawthorne (Media Relations)                             Mob: 07584 391 303 
 
 

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

DSHLLFVRSEIELIA

(END) Dow Jones Newswires

April 16, 2019 02:01 ET (06:01 GMT)

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