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VRP Verona Pharma Plc

55.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Verona Pharma Plc LSE:VRP London Ordinary Share GB00BYW2KH80 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 55.00 45.00 65.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Verona Pharma plc Grant Of Options And Rsus And Pdmr Dealings

04/04/2019 7:00am

UK Regulatory


 
TIDMVRP 
 
   LONDON, April 04, 2019 (GLOBE NEWSWIRE) -- Verona Pharma plc (AIM:VRP) 
(Nasdaq:VRNA) ("Verona Pharma"), a clinical-stage biopharmaceutical 
company focused on developing and commercializing innovative therapies 
for respiratory diseases, announces that, on April 1, 2019 (the "Grant 
Date"), it granted the following options over ordinary shares of GBP0.05 
each (the "Ordinary Shares") and American Depositary Shares ("ADS") and 
restricted share units ("RSUs") and Restricted American Depositary Share 
Units ("RADSUs") to directors and employees of Verona Pharma under and 
in accordance with Verona Pharma's 2017 Incentive Award Plan (which is 
set out in Verona Pharma's 2018 annual report and 20-F): 
 
 
   -- 2,592,322 options to purchase Ordinary Shares; 
 
   -- 163,841 options to purchase ADSs, representing 1,310,728 Ordinary Shares; 
 
   -- 523,392 RSUs; and 
 
   -- 27,138 RADSUs, representing 217,104 Ordinary Shares. 
 
 
   Each RSU and RADSU represents an unfunded, unsecured right to receive, 
on the applicable settlement date, one Ordinary Share or the equivalent 
number of ADSs, as applicable, or an amount in cash or other 
consideration. Except where the context indicates otherwise, references 
hereunder to the Ordinary Shares shall be deemed to include a number of 
ADSs equal to an Ordinary Share.  No consideration was paid in respect 
of the grant of awards. 
 
   PDMR Dealings 
 
   Verona Pharma notifies the following transactions by persons discharging 
managerial responsibilities ("PDMRs") in its Ordinary Shares through the 
grant of options over Ordinary Shares and ADSs and RSUs under and in 
accordance with Verona Pharma's 2017 Incentive Award Plan. 
 
 
 
 
Name        Options over                             RSUs and RADSUs 
----------  ---------------------------------------  ---------------------------- 
Dr.         1,026,944 Ordinary Shares                266,424 RSUs 
Jan-Anders 
Karlsson, 
CEO 
----------  ---------------------------------------  ---------------------------- 
Piers       359,430 Ordinary Shares                  93,247 RSUs 
Morgan, 
CFO 
----------  ---------------------------------------  ---------------------------- 
Dr.         70,000 ADSs                              15,000 RADSUs 
Kathleen     (representing 560,000 Ordinary Shares)   (representing 120,000 RSUs) 
Rickard, 
CMO 
----------  ---------------------------------------  ---------------------------- 
Claire      256,735 Ordinary Shares                  66,603 RSUs 
Poll, 
Legal 
Counsel 
----------  ---------------------------------------  ---------------------------- 
 
 
   The options over Ordinary Shares have an exercise price of GBP0.58 per 
Ordinary Share, being the closing mid-market price on March 29, 2019. 
The options over ADSs have an exercise prce of GBP4.64 per ADS, on the 
basis that each ADS represents 8 ordinary shares. The RSUs also have a 
value of GBP0.58 per RSU and the RADSUs have a value of GBP4.64 per 
RADSU. 
 
   The options, RSUs and RADSUs set forth in the table above will vest as 
to 50% of the Ordinary Shares or ADSs (as appropriate) in three 
substantially equal annual instalments following the Grant Date and as 
to 50% of the Ordinary Shares or ADSs (as appropriate) in four 
substantially equal annual instalments following the Grant Date. 
 
   The notification of dealing form in respect of option/RSU awards for 
each PDMR can be found below. 
 
   For further information, please contact: 
 
 
 
 
Verona Pharma plc                                  Tel: +44 (0)20 3283 4200 
Jan-Anders Karlsson, Chief Executive Officer       info@veronapharma.com 
Victoria Stewart, Director of Communications 
 
Stifel Nicolaus Europe Limited (Nominated Adviser  Tel: +44 (0) 20 7710 7600 
 and UK Broker) 
Stewart Wallace / Jonathan Senior / Ben Maddison   SNELVeronaPharma@stifel.com 
 
 
 
 
 
 
     Details of the person discharging managerial responsibilities 
 1    / person closely associated 
 
a)   Name              Dr. Jan-Anders Karlsson 
 
     Reason for the 
 2   notification 
 
a)   Position/status   Chief Executive Officer 
 
     Initial 
     notification 
b)   /Amendment        Initial Notification 
 
     Details of the issuer, emission allowance market participant, 
 3    auction platform, auctioneer or auction monitor 
 
a)   Name              Verona Pharma plc 
 
     Legal Entity 
b)   Identifier        213800EVI6O6J3TIAL06 
 
     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 
 4    where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, type 
a)   of instrument     Ordinary shares of 5p each 
 
 
     Identification 
     code              ISIN Code: GB00BYW2KH80 
 
     Nature of the 
b)   transaction       Issue of options over Ordinary Shares 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                   Volume(s) 
 
                       Exercise Price: GBP0.58                                      1,026,944 Options over Ordinary Shares 
---  ----------------  -----------------------------------------------------------  -------------------------------------- 
     Aggregated 
d)   information       N/a (single transaction) 
 
     - Aggregated 
     volume 
 
     - Price 
 
     Date of the 
e)   transaction       1 April 2019 
 
 
     Place of the 
f)   transaction       London Stock Exchange, AIM 
 
 
     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 
 4    where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, type 
a)   of instrument     Ordinary shares of 5p each 
 
     Identification 
     code              ISIN Code: GB00BYW2KH80 
 
                       Grant of RSUs, each of which represents an unfunded, 
                        unsecured right to receive, on the applicable settlement 
     Nature of          date, one Ordinary Share or an amount in cash or other 
b)   transaction        consideration 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                   Volume(s) 
 
  No consideration                                                                                                 266,424 
  --------------------------------------------------------------------------------  -------------------------------------- 
     Aggregated 
d)   information       N/a (single transaction) 
 
     - Aggregated 
     volume 
 
     - Price 
 
     Date of the 
e)   transaction       1 April 2019 
 
 
     Place of the 
f)   transaction       London Stock Exchange, AIM 
 
 
     Details of the person discharging managerial responsibilities 
 1    / person closely associated 
 
a)   Name              Piers Morgan 
 
     Reason for the 
 2   notification 
 
a)   Position/status   Chief Financial Officer 
 
     Initial 
     notification 
b)   /Amendment        Initial Notification 
 
     Details of the issuer, emission allowance market participant, 
 3    auction platform, auctioneer or auction monitor 
 
a)   Name              Verona Pharma plc 
 
     Legal Entity 
b)   Identifier        213800EVI6O6J3TIAL06 
 
     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 
 4    where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, type 
a)   of instrument     Ordinary shares of 5p each 
 
 
     Identification 
     code              ISIN Code: GB00BYW2KH80 
 
     Nature of the 
b)   transaction       Issue of options over Ordinary Shares 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                                  Volume(s) 
 
                       Exercise Price: GBP0.58                                        Options over 359,430 Ordinary Shares 
 
     Aggregated 
d)   information       N/a (single transaction) 
 
     - Aggregated 
     volume 
 
     - Price 
 
     Date of the 
e)   transaction       1 April 2019 
 
 
     Place of the 
f)   transaction       London Stock Exchange, AIM 
 
 
     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 
 4    where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, type 
a)   of instrument     Ordinary shares of 5p each 
 
     Identification 
     code              ISIN Code: GB00BYW2KH80 
 
                       Grant of RSUs, each of which represents an unfunded, 
                        unsecured right to receive, on the applicable settlement 
     Nature of          date, one Ordinary Share or an amount in cash or other 
b)   transaction        consideration 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                                  Volume(s) 
 
  No consideration                                                                                                  93,247 
  --------------------------------------------------------------------------------  -------------------------------------- 
     Aggregated 
d)   information       N/a (single transaction) 
 
     - Aggregated 
     volume 
 
     - Price 
 
     Date of the 
e)   transaction       1 April 2019 
 
 
     Place of the 
f)   transaction       London Stock Exchange, AIM 
 
 
     Details of the person discharging managerial responsibilities 
 1    / person closely associated 
 
a)   Name              Dr. Kathleen Rickard 
 
     Reason for the 
 2   notification 
 
a)   Position/status   Chief Medical Officer 
 
     Initial 
     notification 
b)   /Amendment        Initial Notification 
 
     Details of the issuer, emission allowance market participant, 
 3    auction platform, auctioneer or auction monitor 
 
a)   Name              Verona Pharma plc 
 
     Legal Entity 
b)   Identifier        213800EVI6O6J3TIAL06 
 
     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 
 4    where transactions have been conducted 
 
     Description of    American Depositary Shares ("ADSs"), representing 
     the financial      ordinary shares of 5p each, on deposit with a U.S. 
     instrument, type   banking institution selected by the Company and which 
a)   of instrument      are registered pursuant to a Form F-6. 
 
 
     Identification 
     code              ISIN Code: GB00BYW2KH80 
 
     Nature of the 
b)   transaction       Issue of options over ADSs 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                                  Volume(s) 
 
                       Exercise Price: GBP4.64                                                    Options over 70,000 ADSs 
                                                                                    (representing 560,000 Ordinary Shares) 
---  ----------------  -----------------------------------------------------------  -------------------------------------- 
     Aggregated 
d)   information       N/a (single transaction) 
 
     - Aggregated 
     volume 
 
     - Price 
 
     Date of the 
e)   transaction       1 April 2019 
 
 
     Place of the 
f)   transaction       NASDAQ 
 
 
     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 
 4    where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, type 
a)   of instrument     ADSs 
 
     Identification 
     code              ISIN Code: US9250501064 
 
                       Grant of RADSUs, each of which represents an unfunded, 
     Nature of          unsecured right to receive, on the applicable settlement 
b)   transaction        date, one ADS or an amount in cash or other consideration 
 
     Price(s) and 
c)   volume(s) 
                       Price(s)                                                                                  Volume(s) 
 
  No consideration                                                                                                  15,000 
                                                                                    (representing 120,000 Ordinary Shares) 
  --------------------------------------------------------------------------------  -------------------------------------- 
d)   Aggregated        N/a (single transaction) 
      information 
 
 - Aggregated volume 
 
 - Price 
 
e)   Date of the       1 April 2019 
      transaction 
 
 
f)   Place of the      NASDAQ 
      transaction 
 
 
 1   Details of the person discharging managerial responsibilities 
      / person closely associated 
 
a)   Name              Claire Poll 
 
 2   Reason for the notification 
 
a)   Position/status   Legal Counsel 
 
b)   Initial           Initial Notification 
      notification 
      /Amendment 
 
 3   Details of the issuer, emission allowance market participant, 
      auction platform, auctioneer or auction monitor 
 
a)   Name              Verona Pharma plc 
 
b)   Legal Entity      213800EVI6O6J3TIAL06 
      Identifier 
 
 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    Ordinary shares of 5p each 
      the financial 
      instrument, 
      type of 
      instrument 
 
 
 Identification    ISIN Code: GB00BYW2KH80 
  code 
 
b)   Nature of the     Issue of options over Ordinary Shares 
      transaction 
 
c)   Price(s) and volume(s) 
  Price(s)                                                                          Volume(s) 
 
  Exercise Price: GBP0.58                                                           Options over 256,735 Ordinary Shares 
 
d)   Aggregated        N/a (single transaction) 
      information 
 
 - Aggregated volume 
 
 - Price 
 
e)   Date of the       1 April 2019 
      transaction 
 
 
f)   Place of the      London Stock Exchange, AIM 
      transaction 
 
 
 
 
 
 
 
     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 
  4   where transactions have been conducted 
 
     Description of 
     the financial 
     instrument, 
     type of 
a)   instrument       Ordinary shares of 5p each 
 
     Identification 
     code             ISIN Code: GB00BYW2KH80 
 
                      Grant of RSUs, each of which represents an unfunded, 
                       unsecured right to receive, on the applicable settlement 
     Nature of         date, one Ordinary Share or an amount in cash or other 
b)   transaction       consideration 
 
     Price(s) and 
c)   volume(s) 
                      Price(s)                                                    Volume(s) 
 
  No consideration                                                                   66,603 
  ------------------------------------------------------------------------------  --------- 
d)   Aggregated       N/a (single transaction) 
      information 
 
 - Aggregated volume 
 
 - Price 
 
e)   Date of the      1 April 2019 
      transaction 
 
 
f)   Place of the     London Stock Exchange, AIM 
      transaction 
 
 
 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 04, 2019 02:00 ET (06:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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