2018 LTIP and Grant of Options to PDMRs

RNS Number : 8401I
Venture Life Group PLC
26 March 2018


Venture Life Group plc

("Venture Life" or the "Company")


2018 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 self-care market, announces that it has granted further nominal-cost share options ("Options") over ordinary shares of 0.3p each in Venture Life ("Shares") under the Venture Life Group plc 2016 Long Term Incentive Plan ("LTIP"). 


On 23 March 2018 (the "Date of Grant"), Venture Life granted Options over a total of 1,358,806 Shares to its four Executive Directors.  Vesting of the Options is subject to continued employment and the Company meeting objective performance conditions, namely the Company's Earnings Per Share ("EPS") performance and relative Total Shareholder Return (share price performance plus dividends added back, "TSR").  Half of the Options granted are subject to EPS performance and half subject to TSR performance.


This tranche of 1,358,806 Options will vest on 23 March 2021, subject to meeting the performance conditions set for the Company's EPS over the three financial years ending 31 December 2020 and TSR for the three years commencing 23 March 2018.  The Options are exercisable at a price of 0.3p per Share.




No. of LTIPS in this issue

No. of LTIPS lapsed

Total number of shares held under option

Jerry Randall

Chief Executive Officer




Gianluca Braguti

Manufacturing Director




Sharon Collins

Commercial Director




Adrian Crockett

Chief Financial Officer
















The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.


The lapsed options relate to options issued in 2015 that have now lapsed as the performance conditions attached to them were not met.




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




Details of the person discharging managerial responsibilities / person closely associated 




Jerry Randall - Chief Executive Officer

Gianluca Braguti - Manufacturing Director

Sharon Collins - Commercial Director

Adrian Crockett - Chief Financial Officer




Reason for the notification





See 1(a) above for positions - all classified as PDMRs of Venture Life



Initial notification /Amendment


Initial Notification



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





Venture Life Group plc







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



Description of the financial instrument, type of instrument


Ordinary Shares of 0.3p each in Venture Life Group plc


Identification code 





Nature of the transaction 


Grant of Options over Ordinary Shares pursuant to the Venture Life Group plc 2017 Long Term Incentive Plan




Price and volumes

Price - nil


Jerry Randall - 448,548 Ordinary Shares

Gianluca Braguti - 360,650 Ordinary Shares

Sharon Collins -  299,032 Ordinary Shares

Adrian Crockett - 250,576 Ordinary Shares



Aggregated information 

- Aggregated volume

- Price





Date of the transaction 

23 March 2017


Place of the transaction

Outside a trading venue


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 578 004

Jerry Randall, Chief Executive Officer


Adrian Crockett, Chief Financial Officer



Northland Capital Partners Limited (Nominated Adviser and Joint Broker)

+44 (0) 20 3861 6625

Matthew Johnson/Edward Hutton (Corporate Finance)


Bob Pountney (Corporate Broking)




Turner Pope Investments (TPI) Ltd (Joint Broker)

+44 (0) 20 3621 4120

Andy Thacker




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




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