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Director/PDMR Shareholding

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RNS Number : 3076N
Collagen Solutions PLC
16 January 2019
 

 

16 January 2019

 

Collagen Solutions plc

("Collagen Solutions" or the "Company")

 

Director / PDMR Dealing

 

The Company today announces that, Hilary Spence, Chief Financial Officer ("CFO") of the Company, was granted options (the "Options") over 1,000,000 ordinary shares of 1 pence each in the share capital of the Company ("Shares") exercisable at a price of 3.85 pence per Share.

 

The Options will vest in three equal tranches on the first, second and third anniversaries of 3 January 2019. Such vesting will be conditional on her continued employment.  In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any period of six months. All Options will lapse after 10 years from the date of grant, being 16 January 2019.

 

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

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Hilary Spence

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

Collagen Solutions Plc

b)

LEI

213800IFY1CVGRGETL95

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 1p each

 

 

 

ISIN Code: GB00B94T6Y14

b)

Nature of the transaction

Grant of options over ordinary shares of 1p each exercisable at 3.85p per share

c)

Price(s) and volume(s)

 

Price(s):                                       Volume(s):

 

0 pence                                      1,000,000


Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

N/A

 

 

N/A

e)

Date of the transaction

16/01/2019

f)

Place of the transaction

Outside a trading venue

 

 

For further information please contact:

 

Collagen Solutions Plc

 

Jamal Rushdy, CEO 

Via Walbrook

Hilary Spence, CFO

 

 

 

Cenkos Securities Plc (Nominated Adviser and Broker)

 

Steve Cox (Corporate Finance)

Tel: 0207 397 8900

Stephen Keys

 

 

 

Walbrook PR Ltd

Tel: 020 7933 8780 or [email protected] 

Anna Dunphy

Mob: 07876 741 001

Helen Cresswell

Mob: 07841 917 679

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Collagen Solutions PLC

Price: 3.55

Market: LSE
Market Cap: £15.75 m
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