Business
Posting of Circular and Notice of General Meeting
Posting of Circular and Notice of General Meeting.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 9022I Feedback PLC 13 August 2019 \n\nFeedback plc\n \nPosting of Circular and Notice of General Meeting\n \nCambridge, 13 August 2019: Further to its announcement on 12 August 2019, Feedback plc (AIM: FDBK, \"Feedback\" or the \"Company\"), the specialist medical imaging technology company, announces that it will hold a general meeting of the Company at 1.00 p.m. on 29 August 2019, at the offices of Peterhouse Capital Limited at 80 Cheapside, London EC2V 6EE. \n \nThe Company has today posted to its shareholders a circular containing a notice convening the General Meeting (the \"Circular\"), the purpose of which is to explain to Shareholders the background to and reasons for the Placing and the Subscription and to seek their approval of the resolutions to be proposed at the General Meeting. The Circular will be available on the Company's website, www.fbkmed.com, shortly. \n \nFurther re. Proposed Grant of Options \nAs previously announced, the Board intends to grant Tom Oakley, CEO of Feedback, options over 13,498,748 new Ordinary Shares (\"CEO Options\"), representing 2.5 per cent. of the Company's issued share capital as enlarged by the Placing and Subscription. The CEO Options will be exercisable at the Issue Price of 1.2 pence and will vest over three years from the date of the grant. The grant of the CEO Options will be subject to shareholder approval at the General Meeting and, if approved, will be granted to the extent possible pursuant to the EMI Option Scheme and any balance will be granted pursuant to the Non Tax-Advantaged Option Scheme.\nShould the resolution regarding the grant of the CEO Options be approved by shareholders at the General Meeting, Tom Oakley will hold options over 22,820,829 Ordinary Shares, equivalent to 4.23 per cent. of the Company's issued share capital, as enlarged by the Placing and the Subscription. \nClarification re. the amendment to the Company's Option Schemes \nFurther to the Company's announcement on 12 August 2019, the Board wishes to clarify information provided regarding the Company's existing option schemes. The Company stated in yesterday's announcement that its EMI Option Scheme contains a limit on the number of options that can be granted under the EMI Option Scheme, in a 10-year period of 10 per cent. of the issued shar...