Business
Grant of Options and Director/PDMR Dealing
Grant of Options and Director/PDMR Dealing.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 6796S Feedback PLC 27 June 2018 \n\n27 June 2018\nFeedback plc\n(the \"Company\" or \"Feedback\")\n \nGrant of Options\n \nDirector/PDMR Dealing\n \nFurther to its announcement on 16 April 2018, Feedback plc (AIM: FDBK), the specialist medical imaging technology company, announces that on 26 June 2018, it granted 4,000,000 options to Dr Alastair Riddell, Non-executive Chairman of the Company and 2,500,000 options to Simon Sturge, Non-executive Director of the Company, and are exercisable at any time up to the tenth anniversary of grant (\"the NED Options\"). The NED Options have been granted in lieu of fees for the year ending 31 May 2019 in order to reduce board cash costs. \n \nIn addition, on 26 June 2018, the Company granted the following options to the executive directors and certain members of the senior management of the Company (the \"Executive Options\"). The Executive Options vest from 1 March 2019 and are exercisable at any time up to the tenth anniversary of the grant. \n \n\n\n\nExecutive Director / Senior Management\n\n\nPosition\n\n\nNumber of Executive Options granted\n\n\n\n\nDavid Crabb\n\n\nChief Executive Director\n\n\n5,600,000\n\n\n\n\nLindsay Melvin\n\n\nChief Financial Director\n\n\n2,800,000\n\n\n\n\nRory Shaw\n\n\nMedical Director of Feedback Medical Limited (PDMR)\n\n\n2,800,000\n\n\n\n\nBalaji Ganeshan\n\n\nExecutive Director of Feedback Medical Limited (PDMR)\n\n\n2,800,000\n\n\n\n \nThe NED Options and Executive Options have an exercise price of 1.86p, being the average closing mid-market price of the five days ended 25 June 2018. \n \nIn aggregate, the NED Options and Executive Options are equivalent to 7.28 per cent. of the Company's issued share capital. Following the grant of the NED Options and Executive Options, 30,900,000 options over new Ordinary Shares are outstanding, representing approximately 10.97 per cent. of the share capital of the Company. \n \n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nDr Alastair Riddell \n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\n...