leadf
logo-loader
RNS
viewDeepVerge PLC

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

750,000

200,000

166,666

£0.30

£0.30

£0.30

£0.30

£0.30

UK EMI Scheme

Ireland Share Option scheme

Ireland Share Option Scheme

UK Unapproved 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

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAXFNFENEFFA

Quick facts: DeepVerge PLC

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: FTSE lacks direction and Japan's PM resigns

An up and down start for the FTSE 100 today following the news Japan's longest-serving Prime Minister has resigned due to health issues. Other main headlines today - Walmart (NYSE:WMT) has confirmed it's joining forces with Microsoft in a bid for the US assets of TikTok. It comes just...

on 08/28/2020

15 min read