Business
Directors' Dealings and Issue of Equity
Directors' Dealings and Issue of Equity.
About this update from Avacta Group Plc
[{"type":"text","content":"\n \nRNS Number : 2584P Avacta Group PLC 17 February 2016 \n\n17 February 2016\n \nAvacta Group plc\n(\"Avacta\" or \"the Group\" or \"the Company\")\n \nDirectors' Dealings and Issue of Equity\n \nAvacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and research reagents, announces the following changes to the equity incentives of its Chief Executive Officer, Alastair Smith and its Chief Financial Officer, Tony Gardiner, together with the issue of 905,031 Ordinary Shares of 10p (\"new Ordinary Shares\") to Avacta Group Trustee Limited.\n \nAlastair Smith\n \nOn 15 February 2016, Dr Smith, was granted options over 128,764 Ordinary Shares pursuant to the Avacta Group Enterprise Management Incentive (\"EMI\") Scheme. The option exercise price is 118.5p per share and the options vest as follows:\n \n- 32,191 options over Ordinary Shares vest on 15 February 2017\n- 32,191 options over Ordinary Shares vest on 15 February 2018\n- 32,191 options over Ordinary Shares vest on 15 February 2019\n- 32,191 options over Ordinary Shares vest on 15 February 2020\n \nDr Smith already held options over 141,176 Ordinary Shares granted under the EMI scheme on 9 January 2012 at an exercise price of 50p per share which are fully vested.\n \nIn addition, on 15 February 2016, Dr Smith purchased an interest in 495,851 Ordinary Shares at a price of 1% of the 118.5p per share, in accordance with the terms of the Avacta Joint Share Ownership Plan (the \"Joint Share Ownership Plan\") established on 9 January 2012. This interest is joint with Avacta Group Trustee Limited as trustee for the Avacta Group Employee's Share Trust under the Joint Share Ownership Plan. Following this purchase, Dr Smith has an interest in 2,177,282 Ordinary shares, representing approximately 3.2% of the Group's issued share capital.\n \nTony Gardiner\n \nOn 15 February 2016, Mr Gardiner, was granted options over 210,968 Ordinary Shares pursuant to the Avacta Group Enterprise Management Incentive (\"EMI\") Scheme. The option exercise price is 118.5p per share and the options vest as follows:\n \n- 52,742 options over Ordinary Shares vest on 15 February 2017\n- 52,...