Deepverge PLC - Issue of Share Options/PDMR Dealings

RNS Number : 9364F

Deepverge PLC

19 November 2020

AIM share code: DVRG

19 November 2020

DeepVerge PLC

("DeepVerge" or "Company")

Issue of Share Options/PDMR dealings

On 18 September 2020, the Company announced that it has adopted a group share option scheme under which Company employees are eligible for awards. The share option scheme includes an EMI scheme for UK employees and a Share Option Scheme for Irish employees and a UK Unapproved Scheme, all subject to performance criteria.

The Company has today granted share options over a further 4,806,070 ordinary shares of £0.001 per share under the above schemes.

Number of options	Exercise price per Share	Vesting dates	Scheme under which options granted
15,100	£0.001	31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35%	UK EMI Scheme
1,292,970	£0.30	1/1/21 : 30% 1/1/22 : 35% 1/1/23 :35%	UK EMI Scheme
98,000	£0.001	31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35%	Ireland Share Option Scheme
1,600,000	£0.30	1/1/21 : 30% 1/1/22 : 35% 1/1/23 :35%	Ireland Share Option Scheme

1,800,000	£0.30	31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35%	UK Unapproved

The Company also announces that it has cancelled 492,970 options over Shares issued on 18 September 2020 under the UK EMI Scheme with an exercise price of £0.335 and reissued them with an exercise price of £0.30.

Of the 4,806,070 options issued today 2,666,666 have been granted to board members as follows.

Name of Director

Number of options

Exercise price per Share

Scheme under which options granted

Gerard Brandon

Camillus Glover

Fionan Murray

Ross Andrews

Nigel Burton

800,000

750,000

200,000

166,666

£0.30

UK EMI Scheme

Ireland Share Option scheme

Ireland Share Option Scheme

UK Unapproved Scheme

Enquiries

DeepVerge plc	Gerard Brandon, CEO	+44 (0) 7340 055 648

SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin/Andrew Emmott	+44 (0) 113 370 8974

Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/Zoe Alexander	+44 (0) 20 3657 0050

About DeepVerge plc:

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gerard Brandon
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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	Ordinary shares of 0.1p each

	Identification code	GB00BMGWZY29

b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price	Volume
			30 pence	800,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	19 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Camillus Glover
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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	Ordinary shares of 0.1p each

	Identification code	GB00BMGWZY29

b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price	Volume
			30 pence	750,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	19 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fionan Murray
2	Reason for the notification
a)	Position/status	Chief Operations Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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	Ordinary shares of 0.1p each

	Identification code	GB00BMGWZY29

b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price	Volume
			30 pence	750,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	19 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ross Andrews
2	Reason for the notification
a)	Position/status	Non Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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	Ordinary shares of 0.1p each

	Identification code	GB00BMGWZY29

b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price	Volume
			30 pence	200,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	19 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Burton
2	Reason for the notification
a)	Position/status	Non Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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	Ordinary shares of 0.1p each

	Identification code	GB00BMGWZY29

b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)
			Price	Volume
			30 pence	166,666

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	19 November 2020
f)	Place of the transaction	Outside of a trading venue

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Market: AIM

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