Business
Two Senior Appointments and Grant of Options
Two Senior Appointments and Grant of Options.
About this update from Fortis Frontier Plc
[{"type":"text","content":"\n \nRNS Number : 0722F Concepta PLC 16 February 2018 \n\n16 February 2018\n \nConcepta plc\n(\"Concepta\" or the \"Company\") \n \nConcepta Announces Two Senior Appointments and Grant of Options\n \nConcepta plc (AIM: CPT) the UK healthcare company and developer of a proprietary product targeted at the mobile health market with a primary focus on women's fertility, is pleased to announce the appointment of David Darrock, Chief Operating Officer of the Concepta group, as a director of Concepta Diagnostics Ltd.\nDavid joined Concepta in October 2017 as Site Director for our Doncaster operation. He has significant experience managing Chinese supply chains, so in addition to managing the Company's manufacturing site in Doncaster, David will also be heading the supply chain management process to ensure volume requirements are met as the Company scales its operations.\nIn view of his promotion, on 15 February 2018, David Darrock has been granted share options (\"Options\") to subscribe for up to 1,000,000 ordinary shares of 2.5 pence each in the capital of the Company (\"Ordinary Shares\") as follows:\n\n\n\n\nName\n\n\nTitle\n\n\nNumber of Options granted\n\n\nTotal number of Options held following the grant\n\n\n% of existing issued share capital represented by the total Options held\n\n\n\n\nDavid Darrock\n\n\nChief Operating Officer\n\n\n1,000,000\n\n\n1,000,000\n\n\n0.72%\n\n\n\n\n \nThe options are exercisable in three equal tranches over the three-year period from the date of grant, pursuant to the rules of the Company's Share Option Plan. The options have an exercise price of 5.95 pence per share, being the closing mid-market price of the Company's Ordinary Shares at 14 February 2018.\nAlongside David's appointment, and to strengthen the China team, Michelle Yao has been appointed as China General Manager, and will be reporting to Zhang Zi Gang, the UK-based Head of China.\nMichelle has previously worked for Alere in China as Marketing Manager and recently ran her own company in the medical diagnostic device sector. She will lead the China operational team and work with distributors, logistics and marketing operations to support the market penetration of the MyLotus products in China.\nErik Henau, CEO of Concepta stated: \"On behalf of the Board, I am delighted to announce these two senio...