Oxford, UK - 17 October 2019: Circassia Pharmaceuticals plc ("Circassia" or "the Company"; LSE: CIR), a specialty biopharmaceutical company focused on respiratory disease, announces that it has granted options ("Options") today over 1,630,435 new ordinary shares of 0.08 pence each in the Company ("Ordinary Shares") (representing 0.43% per cent. of the Company's issued share capital) to Jonathan Emms, who was appointed as Chief Operating Officer of the Company on 2 September 2019, under the 2019 Performance Share Plan.
The Options have been granted at a price of 0.08 pence per Ordinary Share, will vest on the third anniversary of the date of grant and are exercisable until the tenth anniversary of the date of grant. Vesting is subject to share price and sales performance conditions.
Steve Harris, Chief Executive Officer
Julien Cotta, Chief Financial Officer
Rob Budge, Corporate Communications
Tel: +44 (0)1865 405560
Peel Hunt (Nominated Adviser and Joint Broker)
James Steel / Dr Christopher Golden
Tel: +44 (0) 20 7418 8900
finnCap (Joint Broker)
Geoff Nash / Alice Lane
Tel: +44 (0) 20 7220 0500
Numis Securities (Joint Broker)
James Black / Freddie Barnfield
Tel: +44 (0) 20 7260 1000
Simon Conway / Ciara Martin
Tel: +44 (0) 20 3727 1000
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
Reason for the notification
Chief Operating Officer
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Circassia Pharmaceuticals 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
Options over Ordinary shares of 0.08p each.
Nature of the transaction
Award of share options granted under the 2019 Performance Share Plan over Ordinary Shares in Circassia
Price(s) and volume(s)
· Aggregated volume
Date of the transaction
Place of the transaction
Outside a trading venue
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