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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Path Investments Plc | LSE:PATH | London | Ordinary Share | GB00BYQD5059 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.27 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPATH
RNS Number : 5153B
Path Investments plc
08 October 2020
Path Investments plc
("Path" or the "Company")
Option Surrender and Issue of Replacement Options
Path Investments plc (TIDM: PATH) , the energy and natural resources investment company, announces that Christopher Theis, Chief Executive Officer and Andrew Yeo, formerly Chief Operating Officer, of Path, have today surrendered the following options in the Company, granted to them on 30 March 2017:
Number of ordinary Exercise price Expiry date shares subject to option Christopher Theis 20,000,000 GBP0.001 30 March 2027 ------------------- --------------- -------------- Christopher Theis 16,000,000 GBP0.01 30 March 2027 ------------------- --------------- -------------- Christopher Theis 6,500,000 GBP0.02 30 March 2027 ------------------- --------------- -------------- Andrew Yeo 8,500,000 GBP0.001 30 March 2027 ------------------- --------------- -------------- Andrew Yeo 6,500,000 GBP0.01 30 March 2027 ------------------- --------------- -------------- Andrew Yeo 2,875,000 GBP0.02 30 March 2027 ------------------- --------------- --------------
The following options to acquire ordinary shares in Path have today been issued to Christopher Theis and Andrew Yeo:
Number of ordinary Exercise price Expiry date shares subject to option Christopher Theis 42,500,000 GBP0.001 8 October 2030 ------------------- --------------- --------------- Andrew Yeo 17,875,000 GBP0.001 8 October 2030 ------------------- --------------- ---------------
This surrender and reissue of an equivalent amount of options marks the first action in a series of events that the directors have planned, to streamline the company's capital structure ahead of the proposed readmission and acquisition of DTU.
Further details on the lapse and grant to Christopher Theis are included in the notifications below, made in accordance with the requirements of the EU Market Abuse Regulation.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014
For further information please contact:
Path Investments plc C /O IFC Christopher Theis IFC Advisory Limited (Financial PR & IR) 020 3934 6630 Tim Metcalfe Zach Cohen Grant Thornton UK LLP (Financial Adviser) Samantha Harrison 020 7865 2411 Harrison Clarke 020 7184 4384 Keith, Bayley, Rogers & Co. Limited (Broker) 07776 30 22 Brinsley Holman 28 07506 43 41 Graham Atthill-Beck 07
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities / person closely associated a) Name Christopher Theis -------------------------------- --------------------------------- 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 Path Investments plc -------------------------------- --------------------------------- b) LEI 21380058VQBP76M7TN11 -------------------------------- --------------------------------- 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 Lapse of Options over Ordinary Financial instrument, Shares of GBP0.001 each type of instrument Identification code GB00BYQD5059 -------------------------------- --------------------------------- b) Nature of the transaction Surrender of Options -------------------------------- --------------------------------- c) Price(s) and volume(s) Price(s) Volume nil 42,500,000 ----------- -------------------------------- --------------------------------- d) Aggregated information: * Aggregated volume N/A * Price -------------------------------- --------------------------------- e) Date of the transaction 8 October 2020 -------------------------------- --------------------------------- f) Place of the transaction Outside of trading venue -------------------------------- --------------------------------- 2. Details of the person discharging managerial responsibilities / person closely associated a) Name Christopher Theis -------------------------------- --------------------------------- 3. Reason for the Notification ------------------------------------------------------------------- a) Position/status Chief Executive Officer -------------------------------- --------------------------------- b) Initial notification/Amendment Initial notification -------------------------------- --------------------------------- 4. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------------------------------------------------------------------- a) Name Path Investments plc -------------------------------- --------------------------------- b) LEI 21380058VQBP76M7TN11 -------------------------------- --------------------------------- 5. 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 Grant of Options over Ordinary Financial instrument, Shares of GBP0.001 each type of instrument Identification code GB00BYQD5059 -------------------------------- --------------------------------- b) Nature of the transaction Grant of Options -------------------------------- --------------------------------- c) Price(s) and volume(s) Price(s) Volume nil 42,500,000 ----------- -------------------------------- --------------------------------- d) Aggregated information: * Aggregated volume N/A * Price -------------------------------- --------------------------------- e) Date of the transaction 8 October 2020 -------------------------------- --------------------------------- f) Place of the transaction Outside of trading venue -------------------------------- ---------------------------------
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(END) Dow Jones Newswires
October 08, 2020 04:55 ET (08:55 GMT)
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