Cambridge Cognition Holdings PLC Grant of Options (4778X)
May 04 2021 - 5:52AM
UK Regulatory
TIDMCOG
RNS Number : 4778X
Cambridge Cognition Holdings PLC
04 May 2021
Cambridge Cognition Holdings Plc
("Cambridge Cognition" or the "Company")
Grant of Options
Cambridge Cognition Holdings plc (AIM: COG), which develops and
markets digital solutions to assess brain health, announces that on
30 April 2021, the Company granted options ("Options") over a total
of 446,500 ordinary shares of 1 pence each in the capital of the
Company ("Ordinary Shares") pursuant to the Company's EMI option
scheme and its unapproved option scheme.
Of these Options:
1. 231,500 were granted to Persons Discharging Managerial
Responsibilities ("PDMRs") on behalf of the Company;
Name Role Number Total number Total Percentage
of Options of Options number of Current
Granted held following of Ordinary Issued Share
Grant Shares Capital
held Held
Chief Executive
Matthew Stork Officer 90,000 783,061 125,000 0.40%
------------------ ------------ ---------------- ------------- --------------
Chief Financial
Michael Holton Officer 35,000 35,000 -
------------------ ------------ ---------------- ------------- --------------
Chief Technology
Ricky Dolphin Officer 35,000 265,634 -
------------------ ------------ ---------------- ------------- --------------
Chief Operating
Fiona Cree Officer 35,000 211,857 - -
------------------ ------------ ---------------- ------------- --------------
Chief Commercial
Richard Cooper Officer 36,500 208,286 - -
------------------ ------------ ---------------- ------------- --------------
2. 215,000 were granted to other employees of the Company.
Of the Options granted:
1. 230,000 of those Options granted to PDMRs and all the Options
granted to other employees are exercisable at a price of 125 pence
per Ordinary Share from three years following the date of award
until the tenth anniversary of the date of award, subject to
satisfying the following performance criteria:
a. 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 142 pence, with the price on the last day of that period
being at least 120 pence, and the last day of this period being no
later than 30 April 2024; and
b. 50% of the Options granted will vest if the average closing
mid-market price of an Ordinary Share for any three month period
exceeds 170 pence, with the price on the last day of that period
being at least 145 pence, and the last day of this period being no
later than 30 April 2024.
2. The remaining 1,500 options granted to PDMRs are exercisable
at a price of 1 pence per Ordinary Share from two years following
the date of award until the tenth anniversary of the date of award.
All of these Options are granted over shares already in issue and
held by Cambridge Cognition Trustees Limited on behalf of the
Employee Benefit Trust.
Following the grant of Options, the total number of Options
outstanding over unissued Ordinary Shares is 2,731,136 representing
approximately 8.76% of the Company's issued share capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
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) Names Matthew Stork - Chief Executive Officer
Michael Holton - Chief Financial Officer
Ricky Dolphin - Chief Technology Officer
Fiona Cree - Chief Operating Officer
Richard Cooper - Chief Commercial
Officer
--------------------------- ------------------------------------------
2. Reason for the Notification
-----------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs of the Company
--------------------------- ------------------------------------------
b) Initial notification/ Initial Notification
Amendment
--------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Cambridge Cognition Holdings Plc
--------------------------- ------------------------------------------
b) LEI 213800SZKDIN122EPA96
--------------------------- ------------------------------------------
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 In each case, the grant of Options
Financial instrument, over Ordinary Shares on 30 April 2021
type of instrument
Identification code GB00B8DV9647
--------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Matthew Stork - 90,000 Options
Michael Holton - 35,000 Options
Ricky Dolphin - 35,000 Options
Fiona Cree - 35,000 Options
Richard Cooper - 36,500 Options
--------------------------- ------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
--------------------------- ------------------------------------------
e) Date of the transaction 30 April 2021
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014
Enquiries
Cambridge Cognition Holdings PLC
Matthew Stork, Chief Executive Officer Tel: 01223 810 700
Michael Holton, Chief Financial Officer press@camcog.com
finnCap Ltd (NOMAD and Joint Broker) Tel: 020 7220 0500
Geoff Nash / Simon Hicks (Corporate Finance)
Alice Lane/ Manasa Patil (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial PR and Tel: 020 3934 6630
IR)
Tim Metcalfe/ Graham Herring/ Zach Cohen
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
DSHBZLFBFELEBBF
(END) Dow Jones Newswires
May 04, 2021 06:52 ET (10:52 GMT)
Cambridge Cognition (LSE:COG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cambridge Cognition (LSE:COG)
Historical Stock Chart
From Apr 2023 to Apr 2024
