Business
Award of Deferred Bonus Share Options
Award of Deferred Bonus Share Options.
About this update from Hvivo Plc
[{"type":"text","content":"\n \nRNS Number : 4846F hVIVO plc 18 May 2017 \n\nFor immediate release 7.00am: 18 May 2017\n \nHVIVO PLC\n(\"hVIVO\" or the \"Company\")\n \nAward of Deferred Bonus Share Options\n \nhVIVO plc (AIM: HVO), a specialty biopharma company with clinical testing capabilities, announces that on 17 May 2017 it awarded the following options over ordinary shares of 5.0 pence each in the Company to persons discharging managerial responsibilities (\"PDMR\"): \n\n\n\n\nPDMR\n\n\nTotal no. of shares under award\n\n\nType of awards\n\n\n\n\nKym Denny\n\n\n32,813\n\n\nDeferred Bonus Award \n\n\n\n\nGraham Yeatman\n\n\n26,250\n\n\nDeferred Bonus Award\n\n\n\n\n \nThe deferred bonus share options will normally vest on the second anniversary of date of grant (17 May 2019), subject to continued employment but no other performance condition. The deferred bonus awards represent 50% of 2016 bonus awarded by the Remuneration Committee, with the other 50% paid as cash.\n \nThe exercise price payable per share is the nominal price of a share (currently 5 pence). Vested options will be able to be exercised up to the tenth anniversary of date of grant.\n \nDetails of the full notifications received by the Company are set out below:\n \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\nKym Denny and Graham Yeatman\n\n\n\n\n2\n\n\nReason for Notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer and Chief Financial & Business Officer\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nhVIVO PLC\n\n\n\n\nb)\n\n\nLegal Entity Identifier\n\n\n2138003PFXHA22YPN676 \n\n\n\n\n4\n\n\nDetails of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\n \nIdentification code \n\n\nOrdinary shares of 5 pence each\n \n \nGB00B6ZM0X53\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nGrant of deferred bonus share options as...