REG - BSF Enterprise PLC - Grant of Options

BSF EnterpriseAnnouncement

13/06/2024 07:00

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RNS Number : 2223S  BSF Enterprise PLC  13 June 2024

 

13 June 2024

BSF Enterprise PLC

("BSF" or the "Company")

 

Grant of Options

 

BSF (LSE: BSFA), (OTCQB: BSFAF), a UK listed biotech company and owner of
pioneering UK-based tissue engineering company, 3D Bio-Tissues (3DBT), and
corneal replacement company, Kerato, announces a grant of Enterprise
Management Incentive options ("Options") over new ordinary shares at an
exercise price of 15 pence each in the Company ("Ordinary Shares").

 

Options have been granted in respect of a total of 2,400,000 new Ordinary
Shares to employees of BSF and its subsidiaries. These new Options represent,
in aggregate, 2.23 per cent of the Company's current issued share capital.

 

The Options are exercisable at 15 pence per Ordinary Share. Of these Options,
1,650,000 will vest on  the 2nd anniversary of the date of grant and 750,000
options will vest on the 3rd anniversary of the date of grant.

 

An Option may be exercised from the third anniversary of the Date of Grant. An
Option shall not be exercisable more than ten years after the Date of Grant.

 

Following the Options grant, the Company will have a total of 2,400,000
options over Ordinary Shares in issue.

 

 

For further enquiries, please visit www.bsfenterprise.com
(http://www.bsfenterprise.com/)  or contact:

 BSF Enterprise PLC                       Via SEC Newgate below
 Geoff Baker - Executive Director

 Che Connon - CEO & Director

 Shard Capital (Broker)
 Damon Heath                              0207 186 9000

 Isabella Pierre                          0207 186 9927

 SEC Newgate (Financial Communications)

 Bob Huxford                              020 3757 6882

 Elisabeth Cowell                         BSF@secnewgate.co.uk

 George Esmond

 

 

 

 

ISIN of the Ordinary Shares is GB00BHNBDQ51

SEDOL Code is BHNBDQ5.

 

 

Notes to Editors

 

BSF Enterprise PLC (BSF) is focused on unlocking the next generation of
biotechnological solutions to deliver sustainable materials and products
across a variety of sectors. BSF Enterprise's core technology platform in
industrial tissue engineering allows the manufacture at scale of lab-grown
alternatives to animal and human tissues, helping deliver sustainable products
and materials of the future. The Company's technologies have multiple
applications across consumer and medical markets including lab-grown leather,
cultivated meat, human corneas and in vitro animal models.

 

BSF owns 100% of pioneering UK-based tissue engineering companies 3D
Bio-Tissues (3DBT), that successfully produced the UK's first high-quality
cultivated meat and lab-grown skin from its laboratory and Kerato, a developer
of lab-grown corneal replacement tissue for medical and research uses. In
addition, it owns 100% of BSF Enterprise (Hong Kong) Limited which is actively
supporting commercialisation of our technology in China and Asia.

 

BSF aims to deliver growth to shareholders through the continued
commercialisation and expansion of the Groups IP, which has multiple
applications, as well as through M&A. BSF aims to build a comprehensive
portfolio in tissue engineering and related applications and license out IP to
various stakeholders in the supply chain to enable manufacture at scale and
achieve widespread market penetration.

 

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