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LiDCO Group Plc (LID)

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Friday 29 June, 2018

LiDCO Group Plc

Award of share options/director dealing

RNS Number : 0222T
LiDCO Group Plc
29 June 2018
 

29 June 2018

LiDCO Group Plc

("LiDCO" or the "Company")

 

Award of share options/director dealing

 

LiDCO (AIM: LID), the hemodynamic monitoring company, announces that following the notification in the Annual Report, on 20 April 2018, the Board finalised a grant of options ("Options") to Mr Sassone, CEO, to subscribe for new ordinary shares of 0.5p each ("Ordinary Shares"). 

 


Option type

Number of shares over which options granted

Total number of options held post grant

Percentage of issued share capital under option

Matt Sassone

Unapproved

1,000,000

4,147,342

1.70%


EMI


3,448,262

1.41%











Total


1,000,000

7,595,604

3.11%

 

The above Options vest and may be exercised three years from grant if certain share price hurdles are met. The Options are exercisable over a range of periods at 0.5 pence per Ordinary Share, subject to the Company's share price averaging above a number of hurdle rates. The expiry date is April 2023. The hurdle rates were set with regard to the closing midmarket price on Thursday 19 April and are between 8.38p and 12.38p.

 

Full details of these Options and others held are given in the Company's report and accounts (Directors' remuneration report) which are available on the Company's website.

 

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Matt Sassone

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:

LiDCO Group Plc

b)

LEI:

213800PYQTIUV6HIYL36

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 0.5p nominal

 

GB0030546849

b)

Nature of the transaction:

Grant of Management Share Options

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

0.5p

1,000,000

d)

Aggregated information:

· Aggregated volume:

· Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

0.5p

7,595,604

e)

Date of the transaction:

20/04/18

f)

Place of the transaction:

London Stock Exchange, AIM (XLON)

 

 

For further information, please contact:

 

LiDCO Group Plc

www.lidco.com

Matt Sassone (CEO)

Tel: +44 (0)20 7749 1500



 

 

finnCap

Tel: +44 (0)20 7600 1658

Geoff Nash / Emily Watts (Corporate Finance)


Stephen Norcross (Corporate Broking)




 

 

Walbrook PR Ltd

Tel: 020 7933 8780 or [email protected]

Anna Dunphy

Mob: 07876 741 001

Lianne Cawthorne

Mob: 07584 391 303




 

 

 


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