REG - Cambridge Nutrition. - Grant of Options

Cambridge Nutritional SciencesAnnouncement

06/06/2024 16:30

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RNS Number : 4766R  Cambridge Nutritional Sciences PLC  06 June 2024

 

06 June 2024

Cambridge Nutritional Sciences PLC

("CNSL" or the "Company")

Grant of Options

CNSL, (AIM:CNSL) the specialist medical diagnostics company focused on
promoting a personalised and functional approach to health and nutrition,
announces that on 6 June 2024 the Board granted share options (the "Options")
over its ordinary shares of 4.0 pence each ("Ordinary Shares") to the Chair,
Carolyn Rand, Non-Executive Director, and to Jeremy Millard, Non-Executive
Director.

Following this grant of Options, the Company has options in issue over
18,184,049 Ordinary Shares, representing approximately 8% per cent. of the
Company's total issued share capital.

 Director        Number of Options granted on  Exercise Price  Total options held

 6 June 2024
post issue
 Carolyn Rand    9,930,000                     4.0p            9,930,000

(Chair)
 Jeremy Millard  450,000                       4.0p            783,334

 

Grant of Options

The Company has granted the Options to incentivise non-executive director
("NED") performance for the benefit of all Shareholders and to more
effectively reward active NED engagement.

The Options are subject to time conditions (as set out below); good/bad leaver
provisions; and being a director of the Company on the date of vesting.

 

Vesting criteria for Options are subject to time conditions as follows:

 Amount Vesting                  Time Condition
 34 per cent. ("Tranche One")    On the first anniversary of 6 June 2024
 33 per cent. ("Tranche Two")    On the second anniversary of 6 June 2024
 33 per cent. ("Tranche Three")  On the third anniversary of 6 June 2024

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018).

For further information, please contact:

 Cambridge Nutritional Sciences Plc                                  www.cnsplc.com (http://www.cnsplc.com)

 Jag Grewal, Chief Executive Officer                                 investors@cnsplc.com

 Cavendish Capital Markets Limited                                   Tel: 020 7220 0500

 Geoff Nash / Edward Whiley / George Dollemore (Corporate Finance)

 Nigel Birks / Harriet Ward (ECM)

 

 

About Cambridge Nutritional Sciences Plc

Cambridge Nutritional Sciences Plc (AIM: CNSL) is the specialist medical
diagnostics company focused on promoting a personalised and functional
approach to health and nutrition.

 

 

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)   Name                                    Carolyn Rand
 2.  Reason for the notification
 a)  Position/status                          Chair, Non-Executive Chair
 b)  Initial notification/                    Initial Notification

Amendment
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Cambridge Nutritional Sciences plc
 b)  LEI                                      2138007U9P4BTZTYIR92
 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 4.0p each

financial instrument
     Identification code                      ISIN: GB00B1VCP282
 b)  Nature of                                Grant of Options

the transaction
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              4.0p      9,930,000
 d)  Aggregated information                    n/a

     - Aggregated volume

     - Price
 e)  Date of the                              6 June 2024

transactions
 f)  Place of the transactions                Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 n/a

e)

Date of the

transactions

6 June 2024

f)

Place of the transactions

Outside a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)   Name                                    Jeremy Millard
 2.  Reason for the notification
 a)  Position/status                          Non-Executive Director
 b)  Initial notification/                    Initial Notification

Amendment
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Cambridge Nutritional Sciences plc
 b)  LEI                                      2138007U9P4BTZTYIR92
 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 4.0p each

financial instrument
     Identification code                      ISIN: GB00B1VCP282
 b)  Nature of                                Grant of Options

the transaction
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)
                                              4.0p      450,000
 d)  Aggregated information                    n/a

     - Aggregated volume

     - Price
 e)  Date of the                              6 June 2024

transactions
 f)  Place of the transactions                Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 n/a

e)

Date of the

transactions

6 June 2024

f)

Place of the transactions

Outside a trading venue

 

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