LungLife AI, INC Cancellation & Reissue Share Options, PDMR Notice

RNS Number : 0293J

LungLife AI, INC

22 October 2024

 

22 October 2024

 

LungLife AI, Inc

("LungLife" or the "Company")

Cancellation and Reissue of Share Options / PDMR Notification

Further to the Company's announcement on 04 October 2024, LungLife AI (AIM: LLAI), a developer of clinical diagnostic solutions for lung cancer, confirms that it has now completed the cancellation and re-issue of certain options as detailed in that announcement.

As two of the affected option holders are persons discharging managerial responsibilities, dealings disclosures for the purposes of the Market Abuse Regulation are set out below.

For further information, please contact:

LungLife AI, Inc.	www.lunglifeai.com
Paul Pagano, CEO	via [e-mail]
David Anderson, CFO
Investec Bank plc (Nominated Adviser & Broker)	Tel: [phone]
Virginia Bull / Lydia Zychowska/ Sara Wallace
Goodbody (Joint Broker)	Tel: [phone]
Tom Nicholson / Cameron Duncan

 

About LungLife

LungLife AI is a developer of clinical diagnostic solutions designed to make a significant impact in the early detection of lung cancer, the deadliest cancer globally. Using a minimally invasive blood draw, the Company's LungLB® test is designed to deliver additional information to clinicians who are evaluating indeterminate lung nodules. For more information visit www.lunglifeai.com

Our Purpose is to be a driving force in the early detection to lung cancer.  And our Vision is to invert the 20:80 ratio such that in years to come at least 80% of lung cancer is detected early.

The notification set out below is provided in accordance with the requirements of MAR.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Paul Pagano 2.   David Anderson
2	Reason for the notification
a)	Position/status	1.   Chief Executive Officer 2.   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	LungLife AI, Inc.
b)	LEI	549300VBVDIF0Y3OVI38
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	Options over Ordinary Shares
	Identification code	ISIN: USU5500L1045
b)	Nature of the transaction	Cancellation and re-issue of Options over Ordinary Shares pursuant to the 2021 Omnibus Long Term Incentive Plan
c)	Price(s) and volume(s)
			Price	Volume(s)
			1.   Nil	769,707
			2.   Nil	386,703
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	18 October 2024
f)	Place of the transaction	Outside of a trading venue

 

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