Business
Grant of Options
Grant of Options.
About this update from Cambridge Cognition Holdings Plc
[{"type":"text","content":"\n\n\n1 July 2024\n \nCambridge Cognition Holdings plc\n(\"Cambridge Cognition\" or the \"Company\")\n \nGrant of Options\n \nCambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, announces that on 28 June 2024, the Company granted options (the \"Options\") over a total of 903,574 ordinary shares of 1 pence each in the capital of the Company (\"Ordinary Shares\") pursuant to the Company's 2022 Long Term Incentive Plan (\"LTIP\").\n \nThe Options include:\n \n\n1. Options over 354,421 Ordinary Shares granted to Persons Discharging Managerial Responsibilities (\"PDMRs\") as follows:\n\n\n \n\n\n\n\n\nName\n\n\nRole\n\n\nNumber of Ordinary Shares over which Options Granted\n\n\nTotal number of Ordinary Shares over which Options held following Grant\n\n\nTotal number of Ordinary Shares held\n\n\nPercentage of Current Issued Share Capital Held\n\n\n\n\nMatthew Stork\n\n\nChief Executive Officer\n\n\n192,307\n\n\n1,332,504\n\n\n223,950\n\n\n0.54%\n\n\n\n\nAlex Livingstone- Learmonth\n\n\nChief Commercial Officer\n\n\n115,384 \n\n\n115,384\n\n\n10,000\n\n\n0.02%\n\n\n\n\nRicky Dolphin\n\n\nChief Technology Officer\n\n\n46,730\n\n\n311,589\n\n\n120,584\n\n\n0.29%\n\n\n\n\n \n\n2. Options over 549,153 Ordinary Shares granted to other employees of the Company.\nThe Options granted to the PDMRs are in each case \"performance share awards\" that are exercisable at a price of 1 pence per Ordinary Share from three years following the date of award until the tenth anniversary of the date of award, subject to continued service and to the extent to which challenging performance conditions are achieved.\n \nUnder the terms of the aforementioned performance conditions, one-half of each of the Options is subject to sliding scale compound annual growth rate targets for adjusted revenue over the three year period ending 31 December 2026, the other half of each of the Options is subject to a sliding scale measure of relative total shareholder performance over a three year period that commenced on the grant of the Options.\n \nThe Options granted to other employees of the Company (save for one more performance share award) are exercisable at a price of 1 pence per Ordinary Share from three years following the date of award until the...