Bisichi Plc Director/PDMR Shareholding
September 01 2022 - 8:35AM
UK Regulatory
TIDMBISI
Bisichi PLC
Director/PDMR Shareholding
1 September 2022
London,
FOR IMMEDIATE RELEASE
Bisichi plc
("Bisichi" or the "Company")
Director Option Grant and Surrender
Grant of Options
Bisichi plc announces the grant of options over ordinary shares in the Company
of 10 pence ("Options") to the following directors of the Company, under the
Company's Unapproved Executive Share Option Scheme 2012 ("Scheme"), as set out
below:
Name of Date of grant Number of Exercise price
director Options
Andrew Heller 1 September 380,000 352 pence
2022
Garrett Casey 1 September 380,000 352 pence
2022
The new Options are subject to the terms and conditions set out in the rules of
the Scheme, and subject to the memorandum and articles of association of the
Company. The new Options are exercisable at any time during the next 10 years
from the date of grant stated above. No consideration has been paid for the
granting of the new Options.
Surrender of Options
In addition, following shareholder approval at a general meeting of the Company
on 16 June 2022, the Company announces that on 1 September 2022 it entered into
an agreement with Andrew Heller and Garrett Casey to cancel the following
Options granted in 2015 and 2018 under the Scheme:
Name of Date of grant Number of Exercise price
director Options
Andrew Heller 18/09/2015 150,000 87.01
Andrew Heller 06/02/2018 150,000 73.50
Garrett Casey 18/09/2015 150,000 87.01
Garrett Casey 06/02/2018 230,000 73.50
The Company paid each director a cash payment in consideration for cancelling
the Options listed above. The cash payment was calculated by reference to the
closing midmarket share price on 31 August 2022 less the relevant exercise
price. The aggregate consideration paid by the Company to effect the
cancellations was £1,853,270.
Grant of Options
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 1) Andrew Heller
2) Garrett Casey
2. Reason for the notification
(a) Position/status 1) Managing Director,
Bisichi plc (PDMR)
2) Finance Director, Bisichi
plc (PDMR)
(b) Initial notification/ Initial Notification
Amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Bisichi plc
(b) LEI 213800RRWN6ZBPW2ZV03
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 Options over ordinary shares of 10
financial instrument, pence each in the Company
type of instrument
Identification code ISIN: GB0001012045
(b) Nature of the Grant of options with an exercise
transaction price of 352 pence under the Bisichi
plc 2012 share option scheme.
(c) Price(s) and volume (s) Name Price(s) Volume(s)
Andrew Heller 352 pence 380,000
Garrett Casey 352 pence 380,000
(d) Aggregated information As stated above.
- Aggregated volume
- Price
(e) Date of the transaction 1 September 2022
(f) Place of the Outside a trading venue
transaction
Surrender of Options
1. Details of the person discharging managerial responsibilities
/person closely associated
(a) Name 1) Andrew Heller
2) Garrett Casey
2. Reason for the notification
(a) Position/status 1) Managing Director, Bisichi
plc (PDMR)
2) Finance Director, Bisichi
plc (PDMR)
(b) Initial notification/ Initial Notification
Amendment
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
(a) Name Bisichi plc
(b) LEI 213800RRWN6ZBPW2ZV03
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 Options over ordinary shares of 10
financial instrument, pence each in the Company
type of instrument
Identification code ISIN: GB0001012045
(b) Nature of the Surrender of 680,000 options granted by
transaction Bisichi plc under the Bisichi plc 2012
share option scheme in 2015 and 2018
(c) Price(s) and volume Name Price(s) Volume(s)
(s)
Andrew £815,235 paid 300,000 options
Heller to A Heller surrendered
Garrett £1,038,035 paid 380,000 options
Casey to G Casey surrendered
(d) Aggregated
information
Options over 680,000 ordinary shares
- Aggregated volume cancelled
- Price £1,853,270 paid to A Heller and G Casey
(e) Date of the 1 September 2022
transaction
(f) Place of the Outside a trading venue
transaction
Garrett Casey, Company Secretary
Telephone number: 020 7415 5030
1 September 2022
END
(END) Dow Jones Newswires
September 01, 2022 09:35 ET (13:35 GMT)
Bisichi (LSE:BISI)
Historical Stock Chart
From Apr 2024 to May 2024
Bisichi (LSE:BISI)
Historical Stock Chart
From May 2023 to May 2024