Grant of Options and PDMR Dealing

RNS Number : 2035C
Ondine Biomedical Inc.
21 February 2022
 

 

21 February 2022

 

Ondine Biomedical Inc.
("Ondine Biomedical", "Ondine" or the "Company")

Grant of Options and PDMR Dealing

 Ondine Biomedical Inc. (AIM: OBI), announces the grant of options to acquire, in aggregate, up to 600,000 common shares (the "Options").

Options to acquire up to 600,000 shares have been granted pursuing to the Ondine Company Share Option Plan. The Options will vest evenly over four years, starting immediately and fully vesting on 4 February 2026. The Options will be exercisable throughout the vesting period and until the 4 February 2027, at a price of £0.54 per new ordinary share.

The Options has been granted to Charles Young, the Company's Vice President Sales & Marketing, North America, and to William Kanz, Vice President Engineering, and the notification below, made in accordance with the UK Market Abuse Regulation, provides further details in this regard. 

PDMR

Position

Number of Shares Under Option

Exercise Price

Vesting Date

Expiry Date

Charles Young

Vice President Sales & Marketing, North America

400,000

£0.54

Fully vested February 4, 2026

February 4, 2027

William Kanz

Vice President Engineering

200,000

£0.54

Fully vested February 4, 2026

February 4, 2027

 

Following the grant of the Options, the Company has options outstanding over a total of 8,098,000 shares, which represent approximately 4.2% of the Company's existing issued ordinary share capital.

For further Information, contact:

 

Ondine Biomedical Inc. 

Carolyn Cross, CEO

Telephone: +1 604 669 0555

 

Arden Partners plc 

Nominated Adviser and Broker

Ruari McGirr / Antonio Bossi 

Telephone: +44 (0)20 7614 5900

 

Media Contact:

Simon Vane Percy

Telephone: +44 (0)7710005910

Email: simon@vanepercy.com / amanda@vanepercy.com

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Charles Young

 

2

Reason for the notification

a)

Position/status

Vice President Sales & Marketing, North America

 

b)

Initial notification /Amendment

Initial Notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ondine Biomedical Inc.

 

b)

LEI

9845005B69E07CGF4A56  

 

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

S tock Options for Ordinary Shares


 

 

b)

Nature of the transaction

Grant of share option under the Ondine Biomedical Company Share Option Plan

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

nil

 400,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

 N/A - single transaction

e)

Date of the transaction

February 17, 2022

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Kanz

 

2

Reason for the notification

a)

Position/status

Vice President Engineering

 

b)

Initial notification /Amendment

Initial Notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ondine Biomedical Inc.

 

b)

LEI

9845005B69E07CGF4A56  

 

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

S tock Options for Ordinary Shares


 

 

b)

Nature of the transaction

Grant of share option under the Ondine Biomedical Company Share Option Plan

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

nil

 200,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

 N/A - single transaction

e)

Date of the transaction

February 17, 2022

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

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