Byotrol PLC Appointment of New Director & Award of Options (3213O)
January 29 2019 - 1:00AM
UK Regulatory
TIDMBYOT
RNS Number : 3213O
Byotrol PLC
29 January 2019
Byotrol plc
("Byotrol", " or the "Company")
Appointment of Non-Executive Director
Award of Options
Byotrol plc, the AIM listed anti-microbial technology company,
is pleased to announce the appointment of Sean Gogarty as a
Non-Executive Director of the Company with effect from 29 January
2019.
Sean Gogarty, 53, has a wealth of experience developing and
running branded businesses, gained particularly from a 20-year
career at Unilever, where his roles included Global CEO Unilever
Baking, Cooking and Spreads, and Global Category SVP Household
Cleaners. In the latter role, he led the rapid growth of a number
of well-known household brands, including Domestos, Cif, Lysoform
and Sunlight, from a sales value of E800m to over E2.5bn.
Having started his career in the media sector before moving into
industry, Sean also has a strong track record of advising a range
of leading PE firms and companies on developing business
strategies, brand portfolio plans, organisational structures and
supply chain strategies. He also acts as a Non-Executive Director
at The Marketing Group plc.
The Company has granted Sean Gogarty options over 2,000,000
shares under the Byotrol plc unapproved share option scheme at a
strike price of 2.1p. These options are exercisable in three
tranches from 29 January 2020, 2021 and 2022 subject to the
Company's share price reaching hurdles of 3p, 5p and 7p.
At the date of this announcement, Mr Gogarty does not have any
beneficial interest in the ordinary shares of the Company.
John Langlands, Chairman of the Company, said,
"We are delighted to welcome Sean to the Board of the Byotrol.
He has a wealth of experience from his time at Unilever and has a
strong record of developing leading global brands and strategies.
His considerable experience in both executive and non-executive
roles in a wide range of consumer facing businesses will be
invaluable to us as we continue to grow and develop Byotrol."
Current directorships and/or partnerships: Former directorships and/or
partnerships (within the last
five years):
The Marketing Group plc Upfield Spreads UK Limited
Style Media Ltd
Mahee-Mountain Ltd
Grove Strategic Advisors Limited
Desire Brands Ltd
Ice-Sight Limited
Style Retail Ltd
Slicethepie Ltd
Save for the disclosures above, there are no further disclosures
to be made in accordance with Rule 17 and Schedule 2(g) of the AIM
Rules.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Byotrol plc 01925 742 000
John Langlands - Chairman
David Traynor - Chief Executive
finnCap Ltd 020 7220 0500
Geoff Nash / Kate Bannatyne - Corporate Finance
Richard Chambers - ECM
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a specialist developer
of antimicrobial technologies, identifying, developing, formulating
and commercialising cutting-edge antimicrobial solutions.
Our patented suite of technologies deliver powerful,
broad-spectrum efficacy, optimised against commonly-occurring and
industry-specific pathogens.
Founded in 2005, the Company seeks to develop and commercialise
advanced antimicrobial technologies that create easier, safer and
cleaner lives for everyone.
For more information, please go to www.byotrol.co.uk
Accordingly, the Company makes the following announcement and
notification in accordance with the EU Market Abuse Regulation (No
596/2014):
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sean Gogarty
------------------------------- --------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status NED
------------------------------- --------------------------------------
b) Initial notification/Amendment Initial
------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Byotrol Plc
------------------------------- --------------------------------------
b) LEI 213800AJMTSTIPA59A34
------------------------------- --------------------------------------
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 0.25p
Financial instrument, each
type of instrument
Identification code GB00B0999995
------------------------------- --------------------------------------
b) Nature of the transaction Award of Options to subscribe for
Ordinary Shares
------------------------------- --------------------------------------
c) Price(s) and volume(s) Volume - 2,000,000
Exercise Price - 2.1 pence
------------------------------- --------------------------------------
d) Aggregated information: See 4c) above
------------------------------- --------------------------------------
e) Date of the transaction 29 January 2019
------------------------------- --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- --------------------------------------
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END
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