Versarien PLC Award of Share Options to Directors (1932Z)
August 30 2018 - 1:01AM
UK Regulatory
TIDMVRS
RNS Number : 1932Z
Versarien PLC
30 August 2018
Versarien plc
("Versarien" or the "Company")
Award of Share Options to Directors
Versarien plc (AIM: VRS), the advanced materials engineering
group, announces that the Board has issued options over an
aggregate of 5,339,232 ordinary shares of 1 pence each in the
Company ("Share Options"), as approved by the Company's
Remuneration Committee, as detailed below. The Share Options
represent 3.6 per cent of the Company's current issued share
capital.
Neill Ricketts, Chief Executive Officer, and Christopher Leigh,
Chief Financial Officer, have each been awarded 2,669,616 Share
Options under the Company's Employee Share Option Plan 2013. The
Share Options will vest and may be exercised on the following
basis:
-- One-third on or after 30 August 2021 ("Vesting Period 1");
-- One-third on or after 30 August 2022 ("Vesting Period 2"); and
-- One-third on or after 30 August 2023 ("Vesting Period 3").
The exercise price for the Share Options is 152p.
The Share Options may be exercised provided that the Company's
average share price in the 30 days prior to exercise is not less
than 183p prior to Vesting Period 1 exercise, 213p prior to Vesting
Period 2 exercise and 244p prior to Vesting Period 3 exercise.
Following the grant of the Share Options, Neill Rickets is
interested in 15,250,000 Versarien ordinary shares, representing
10.26 per cent of the Company's issued share capital and options
over a further 6,346,991 ordinary shares. Christopher Leigh is
interested in 315,000 Versarien ordinary shares, representing 0.21
per cent of the Company's issued share capital and options over a
further 6,346,991 ordinary shares.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
Enquiries:
Versarien
Neill Ricketts, CEO
Chris Leigh, CFO 01242 269 122
Arden Partners (Nominated Adviser and Broker)
Chris Hardie
Dan Gee-Summons 020 7614 5900
IFC Advisory (Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 020 3934 6630
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Neill Ricketts
---------------------------- -----------------------------------------
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 Versarien plc
---------------------------- -----------------------------------------
b) LEI 213800D6NZED7V8W2Z34
---------------------------- -----------------------------------------
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 1p each
financial instrument,
type of instrument GB00B8YZTJ80
Identification code
---------------------------- -----------------------------------------
b) Nature of the transaction Grant of Options
---------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
183 pence per share 889,872
----------
213 pence per share 889,872
----------
244 pence per share 889,872
----------
---------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 2,669,616
- Price n/a
---------------------------- -----------------------------------------
e) Date of the transaction 30 August 2018
---------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Christopher Leigh
---------------------------- -----------------------------------------
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 Versarien plc
---------------------------- -----------------------------------------
b) LEI 213800D6NZED7V8W2Z34
---------------------------- -----------------------------------------
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 1p each
financial instrument,
type of instrument GB00B8YZTJ80
Identification code
---------------------------- -----------------------------------------
b) Nature of the transaction Grant of Options
---------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
183 pence per share 889,872
----------
213 pence per share 889,872
----------
244 pence per share 889,872
----------
---------------------------- -----------------------------------------
d) Aggregated information
- Aggregated volume 2,669,616
- Price n/a
---------------------------- -----------------------------------------
e) Date of the transaction 30 August 2018
---------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -----------------------------------------
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.
END
DSHPGUCPRUPRGQB
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