Grant of Options

RNS Number : 9088V
Instem plc
19 April 2021
 

Instem plc

 

("Instem", the "Company" or the "Group")

 

Grant of Options

 

Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that Phil Reason (Chief Executive Officer) and Nigel Goldsmith (Chief Financial Officer) have been granted awards of nil-cost options over 4,387 and 3,031 ordinary shares of 10 pence each ("Ordinary Shares") respectively under the Instem plc 2018 Long Term Incentive Plan ("LTIP").  These options will ordinarily vest and become exercisable on 1 January 2024 pursuant to the rules of the LTIP, conditional upon the individual being in employment with the Group at the date of vesting.

 

After these grants of options, Mr Reason and Mr Goldsmith hold options over a total of 183,816 and 254,531 Ordinary Shares, respectively.  

 

For further information please contact:

 

Instem plc


Phil Reason, Chief Executive Officer
Nigel Goldsmith, Chief Financial Officer

 

via Walbrook Financial PR

N+1 Singer - NOMAD and Broker


Peter Steel, Alex Bond (Corporate Finance)
Rachel Hayes (Corporate Broking)
 

+44 (0) 20 7496 3000

Walbrook Financial PR


Tom Cooper

Nick Rome

+44 (0) 20 7933 8000

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in respect of the grant of share options today to Mr Reason and Mr Goldsmith)

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Phil Reason

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

Instem plc

b)

LEI

213800PILYUFNNROQX68

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

 

Identification code

 

Ordinary shares of 10 pence each

 

 

GB00B3TQCK30

b)

Nature of the transaction

Grant of nil cost options under the Company's LTIP

c)

 

Price(s) and volume(s)

 

Price

Volume

Nil

4,387

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A - single transaction

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

Name

Nigel Goldsmith

2

Reason for the notification

a)

Position / status

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

Instem plc

b)

LEI

213800PILYUFNNROQX68

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

 

Identification code

 

Ordinary shares of 10 pence each

 

 

GB00B3TQCK30

b)

Nature of the transaction

Grant of nil cost options under the Company's LTIP

c)

 

Price(s) and volume(s)

 

Price

Volume

Nil

3,031

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

N/A - single transaction

e)

Date of the transaction

16 April 2021

f)

Place of the transaction

Outside a trading venue

 

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Instem (INS)
UK 100

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