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STX Shield Therapeutics Plc

1.325
-0.10 (-7.02%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shield Therapeutics Plc LSE:STX London Ordinary Share GB00BYV81293 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -7.02% 1.325 1.30 1.35 1.425 1.325 1.425 2,958,047 14:52:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 4.47M -40.44M -0.0522 -0.25 10.24M

Shield Therapeutics PLC Grant of Share Options (7531K)

11/07/2017 2:59pm

UK Regulatory


Shield Therapeutics (LSE:STX)
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TIDMSTX

RNS Number : 7531K

Shield Therapeutics PLC

11 July 2017

Shield Therapeutics plc

("Shield" or the "Company")

Grant of Share Options

London, UK, 11 July 2017. Shield Therapeutics plc (LSE:STX), a specialty pharmaceutical company focused on secondary care, announces that the Company has today granted, in aggregate, 1,972,487 share awards in the form of options over Ordinary shares in the capital of the Company ("Ordinary Shares") under the Company's 2016 Long-term Incentive Plan ("LTIP") and the 2016 Company Share Option Plan ("CSOP"). The Company has granted 1,683,877 options under the LTIP and 288,610 options under the CSOP.

The LTIP options will be exercisable at a price of 1.5 pence per Ordinary Share, after a period of 3 years until the day before the tenth anniversary of the grant, subject to the achievement of clear performance criteria set out in the Company's Admission Document, a copy of which is available on the Company's website (www.shieldtherapeutics.com).

The CSOP options are exercisable at an exercise price of 157.5 pence per Ordinary Share from the third anniversary of grant until the day before the tenth anniversary of grant. There are no additional performance conditions attaching to the CSOP options.

This grant of options is part of the Company's long-term incentive arrangements designed to align the interests of the shareholders and executives.

In accordance with the requirements of the EU Market Abuse Regulation the following options have been granted to PDMRs under the LTIP and CSOP.

 
                                 Total number 
                                      of LTIP                      Total number 
                       LTIP           options                   of CSOP options 
                    options    held following   CSOP options     held following 
 Name               granted             grant        granted              grant 
 Carl Sterritt, 
  CEO               263,512           572,736         19,048             19,048 
 Joanne Estell, 
  CFO               285,714           285,714         19,048             19,048 
 Paul Steckler, 
  PDMR              162,698           356,618         19,048             19,048 
 Mark Sampson, 
  PDMR              165,952           321,088         19,048             19,048 
 

Following the grant of the LTIP and CSOP options, the total number of Ordinary Shares outstanding under share incentive schemes arrangements will be 3,014,749 representing 2.59% of the Company's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

LTIP

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                       Carl Sterritt Director / PDMR 
                                  Joanne Estell Director / PDMR 
                                  Paul Steckler PDMR 
                                  Mark Sampson PDMR 
---  -------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status            All PDMRs of Shield Therapeutics 
---  -------------------------  ---------------------------------------- 
 b)   Initial                    Initial Notification 
       notification/ 
       Amendment 
---  -------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                       Shield Therapeutics plc 
---  -------------------------  ---------------------------------------- 
 b)   LEI                        213800G74QWY15FC3W71 
---  -------------------------  ---------------------------------------- 
 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                Option over ordinary shares of 1.5p 
       of the                     each in the capital of the Company 
       financial                  ISIN of Ordinary Shares: GB00BYV81293 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  -------------------------  ---------------------------------------- 
 b)   Nature                     Grant of Options over ordinary shares 
       of the                     in accordance 
       transaction                with the Company's Long Term Incentive 
                                  Plan 
---  -------------------------  ---------------------------------------- 
 c)   Price(s)                   Exercise price: 1.5p 
       and volume(s)              Volumes: 
                                  Carl Sterritt 263,512 
                                  Joanne Estell 285,714 
                                  Paul Steckler 162,698 
                                  Mark Sampson 165,952 
---  -------------------------  ---------------------------------------- 
 d)   Aggregated 
       information                 877,876 
                                   Exercise price: 1.5p 
        *    Aggregated volume 
 
 
 
        *    Price 
---  -------------------------  ---------------------------------------- 
 e)   Date of                    11 July 2017 
       the transaction 
---  -------------------------  ---------------------------------------- 
 f)   Place                      Outside a trading venue 
       of the 
       transaction 
---  -------------------------  ---------------------------------------- 
 

CSOP

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                       Carl Sterritt Director / PDMR 
                                  Joanne Estell Director / PDMR 
                                  Paul Steckler PDMR 
                                  Mark Sampson PDMR 
---  -------------------------  ---------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status            All PDMRs of Shield Therapeutics 
---  -------------------------  ---------------------------------------- 
 b)   Initial                    Initial Notification 
       notification/ 
       Amendment 
---  -------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                       Shield Therapeutics plc 
---  -------------------------  ---------------------------------------- 
 b)   LEI                        213800G74QWY15FC3W71 
---  -------------------------  ---------------------------------------- 
 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                Option over ordinary shares of 157.5p 
       of the                     each in the capital of the Company 
       financial                  ISIN of Ordinary Shares: GB00BYV81293 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
---  -------------------------  ---------------------------------------- 
 b)   Nature                     Grant of Options over ordinary shares 
       of the                     in accordance 
       transaction                with the Company's Share Option Scheme 
---  -------------------------  ---------------------------------------- 
 c)   Price(s)                   Exercise price: 157.5p 
       and volume(s)              Volumes: 
                                  Carl Sterritt 19,048 
                                  Joanne Estell 19,048 
                                  Paul Steckler 19,048 
                                  Mark Sampson 19,048 
---  -------------------------  ---------------------------------------- 
 d)   Aggregated 
       information 
 
        *    Aggregated volume 
 
                                   76,192 
                                   Exercise price: 157.5p 
        *    Price 
---  -------------------------  ---------------------------------------- 
 e)   Date of                    11 July 2017 
       the transaction 
---  -------------------------  ---------------------------------------- 
 f)   Place                      Outside a trading venue 
       of the 
       transaction 
---  -------------------------  ---------------------------------------- 
 

-Ends-

For further information please contact:

 
 Shield Therapeutics plc                 +44 (0)207 186 8500 
 Carl Sterritt, Chief Executive 
  Officer 
  Joanne Estell, Chief Financial 
  Officer 
 
 Nominated Advisor and Joint 
  Broker 
  Liberum Capital Limited 
  Christopher Britton/Steve 
  Pearce                                 +44 (0)20 3100 2222 
 Joint Broker 
  Peel Hunt LLP 
  James Steel/Dr Christopher 
  Golden                                 +44 (0)20 7418 8900 
  Financial PR Advisor                    +44 (0)20 3709 5700 
   Consilium Strategic Communications      shieldtherapeutics@consilium-comms.com 
   Mary-Jane Elliott/Matthew 
   Neal 
 

About Shield Therapeutics plc

Shield Therapeutics is a specialty pharmaceutical company focused on the commercialisation and development of late-stage, hospital-focused pharmaceuticals which address areas of unmet medical need. Our clear purpose is to help our patients become people again, by enabling them to enjoy the things that make the difference in their everyday lives. The Group has a marketed product, Feraccru(R), for the treatment of iron deficiency anaemia (IDA) in adult patients with inflammatory bowel disease (IBD) which has exclusive IP rights until the mid-2030's. In addition, the Group is developing PT20, a late-stage pharmaceutical for the treatment of systemic phosphate accumulation (hyperphosphatemia). Shield Therapeutics, headquartered in London, is listed on LSE's AIM under the ticker STX. For more information please visit www.shieldtherapeutics.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUAVORBBABAAR

(END) Dow Jones Newswires

July 11, 2017 09:59 ET (13:59 GMT)

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