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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Venture Life Group Plc | LSE:VLG | London | Ordinary Share | GB00BFPM8908 | ORD 0.3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.75 | 1.91% | 40.00 | 39.00 | 41.00 | 40.00 | 38.75 | 39.25 | 124,955 | 15:09:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Retail Stores, Nec | 43.98M | 520k | 0.0041 | 97.56 | 50.33M |
TIDMVLG
RNS Number : 1808D
Venture Life Group PLC
25 April 2017
Venture Life Group plc
("Venture Life" or the "Company")
2017 Long Term Incentive Plan and Grant of Options to PDMRs
Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces that it has granted further nominal-cost share options ("Options") over ordinary shares of 0.3p each in Venture Life Group plc ("Shares") under the Venture Life Group plc 2016 Long Term Incentive Plan ("LTIP"). These Options were issued on 24 April 2017 as detailed below.
Grant of Options
On 24 April 2017 (the "Date of Grant"), Venture Life granted Options over a total of 897,598 Shares to its four Executive Directors, all of whom are regarded as Persons Discharging Managerial Responsibilities ("PDMRs") for the Company.
Vesting of the Options is subject to continued employment and the Group meeting objective performance conditions, namely the Company's Earnings Per Share ("EPS") performance and relative Total Shareholder Return (Share price performance plus all dividends re-invested in Shares - "TSR"). Half of the Shares under an Option are subject to EPS performance conditions, and half of the Shares under an Option are subject to TSR performance conditions.
The tranche of Options granted over a total of 897,598 Shares ("Grant") will ordinarily vest on 24 April 2020, subject to meeting the performance conditions set for the Company's EPS over the three financial years ending 31 December 2019 and TSR for the three years commencing 24 April 2017.
The Options are exercisable at a price of 0.3p per Share.
Total number No. of Shares of Shares under Director Position under Option options held Chief Executive Jerry Randall Officer 296,302 2,191,094 Gianluca Manufacturing Braguti Director 238,237 656,445 Sharon Collins Commercial Director 197,534 1,911,136 Chief Financial Adrian Crockett Officer 165,525 165,525 --------------- ------------------ Total: 897,598 4,924,200
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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) Names Jerry Randall - Chief Executive Officer Gianluca Braguti - Manufacturing Director Sharon Collins - Commercial Director Adrian Crockett - Chief Financial Officer --- ----------------------- ----------------------------------- 2 Reason for the notification --- ------------------------------------------------------------ a) Position/status See 1(a) above for positions - all classified as PDMRs of Venture Life --- ----------------------- ----------------------------------- b) Initial notification Initial Notification /Amendment --- ----------------------- ----------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- ------------------------------------------------------------ a) Name Venture Life Group plc --- ----------------------- ----------------------------------- b) LEI --- ----------------------- ----------------------------------- 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 Ordinary Shares of 0.3p each of the financial in Venture Life Group plc instrument, type of instrument --- ----------------------- ----------------------------------- b) Identification GB00BFPM8908 code --- ----------------------- ----------------------------------- c) Nature of the Grant of Options over Ordinary transaction Shares pursuant to the Venture Life Group plc 2016 Long Term Incentive Plan --- ----------------------- ----------------------------------- d) Price and volumes Price - nil Volumes: Jerry Randall - Option over 296,302 Ordinary Shares Gianluca Braguti - Option over 238,237 Ordinary Shares Sharon Collins - Option over 197,534 Ordinary Shares Adrian Crockett - Option over 165,525 Ordinary Shares --- ----------------------- ----------------------------------- d) Aggregated information N/a - Aggregated volume - Price --- ----------------------- ----------------------------------- e) Date of the 24 April 2017 transaction --- ----------------------- ----------------------------------- f) Place of the Outside a trading venue transaction --- ----------------------- -----------------------------------
Name of authorised official of issuer responsible for making notification: Peter Shepherd, Company Secretary to Venture Life Group plc.
For further information please contact:
Venture Life Group PLC +44 (0) 1344 742870 Jerry Randall, Chief Executive Officer Adrian Crockett, Chief Financial Officer Panmure Gordon (UK) Limited (Nominated +44 (0) 20 7886 Adviser and Joint Broker) 2500 Freddy Crossley/Peter Steel/Duncan Monteith (Corporate Finance) Tom Salvesen (Corporate Broking) Turner Pope Investments (TPI) Ltd +44 (0) 20 3621 (Joint Broker) 4120 James Pope/Ben Turner Walbrook PR venturelife@walbrookpr.com or + 44 (0) 20 7933 8780 Paul McManus/Anna Dunphy +44 (0) 7980 541 893 / +44 (0) 7876 741 001
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 25, 2017 02:01 ET (06:01 GMT)
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