Instem plc Grants to Directors under the Instem LTIP (8537F)
February 26 2018 - 1:01AM
UK Regulatory
TIDMINS
RNS Number : 8537F
Instem plc
26 February 2018
Instem plc
("Instem" or the "Company")
Grants to Directors under the Instem Long Term Incentive Plan
('LTIP')
Instem plc (AIM: INS), a leading provider of IT solutions to the
global life sciences market, announces that Chief Executive
Officer, Phil Reason and Chief Financial Officer, Nigel Goldsmith
have each been granted nil-cost options over 80,000 Instem ordinary
shares of 10p ("Ordinary Shares") under the Company's long-term
incentive plan ("LTIP").
These 160,000 share options will become exercisable in 2021,
subject to meeting share price targets, pursuant to the rules of
the LTIP, which was approved by the Board on 22 February 2018.
Following exercise of the options, the resulting shares will then
be subject to a minimum 12-month holding period.
After these grants of options, Phil Reason and Nigel Goldsmith
hold a total of 384,606 and 217,500 share options, respectively
whilst their holdings in Ordinary Shares remain unchanged at
665,287 and Nil, respectively.
For further information, please contact:
Instem plc +44 (0) 1785 825 600
Phil Reason, CEO
Nigel Goldsmith, CFO
N+1 Singer (Nominated Adviser
& Broker) +44 (0) 20 7496 3000
Richard Lindley
James White
Rachel Hayes
Walbrook Financial PR +44 (0) 20 7933 8000
Paul Cornelius instem@walbrookpr.com
Helen Cresswell
Sam Allen
About Instem
Instem is a leading provider of IT solutions & services to
the life sciences market delivering compelling solutions for Study
Management and Data Collection; Regulatory Solutions for
Submissions and Compliance; and Informatics-based Insight
Generation.
Instem solutions are in use by customers worldwide and enable
our clients to bring life enhancing products to market faster.
Instem's portfolio of software solutions increases client
productivity by automating study-related processes while offering
the unique ability to generate new knowledge through the extraction
and harmonisation of actionable scientific information.
Instem supports over 500 clients through offices in the United
States, United Kingdom, France, Japan, China and India.
To learn more about Instem solutions and its mission, please
visit instem.com.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Phil Reason
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Instem plc
--- ------------------------- -------------------------------
b) LEI 213800PILYUFNNROQX68
--- ------------------------- -------------------------------
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 Options over Ordinary Shares
the financial of 10p each
instrument, type
of instrument
ISIN Code: GB00B3TQCK30
Identification
code
--- ------------------------- -------------------------------
b) Nature of the (i) Grant of options over
transaction Ordinary Shares
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
(i) Nil 80,000
--- ------------------------- -------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 22/02/2018
--- ------------------------- -------------------------------
f) Place of the transaction Off market
--- ------------------------- -------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Nigel Goldsmith
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Chief Financial Officer
--- ------------------------- --------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- --------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------
a) Name Instem plc
--- ------------------------- --------------------------------
b) LEI 213800PILYUFNNROQX68
--- ------------------------- --------------------------------
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 Options over Ordinary Shares
the financial of 10p each
instrument, type
of instrument
ISIN Code: GB00B3TQCK30
Identification
code
--- ------------------------- --------------------------------
b) Nature of the (ii) Grant of options over
transaction Ordinary Shares
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s): Volume(s):
(ii) Nil 80,000
--- ------------------------- --------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- ------------------------- --------------------------------
e) Date of the transaction 22/02/2018
--- ------------------------- --------------------------------
f) Place of the transaction Off market
--- ------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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