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Grant of Options, Adoption of SIP & PDMR Dealings
Grant of Options, Adoption of SIP & PDMR Dealings.
About this update from Kistos Holdings Plc
[{"type":"text","content":"\n\n5 August 2024\n \n\n \nKistos Holdings plc\n \n(\"Kistos\" or the \"Company\")\n \nGrant of Options, Adoption of Share Incentive Plan and PDMR Dealings\n \nKistos (LSE: KIST) announces that on 1 August 2024 it made awards of options (the \"Options\") over ordinary shares of £0.01 each of the Company (the \"Ordinary Shares\") to certain directors of the Company. Additionally, the Company announces the adoption of the Kistos Holdings plc Share Incentive Plan (the \"SIP\") on 25 July 2024 and has invited qualifying employees of the Company and its subsidiaries to participate in the SIP.\nGrant of Options and Equity Incentive Plan\nThe Options have been granted over a maximum number of Ordinary Shares shown below. The Options are being made pursuant to the terms of the Company's 2021 Equity Incentive Plan (\"EIP\"). The Options have an exercise price of £1.30 per Ordinary Share, being the closing price of the Ordinary Shares on 31 July 2024. This is the first grant of options to directors of the Company since its inception in 2020, with employees also being granted further options under the plan.\nThe EIP is available to all employees and, amongst other things, details that no awards under the EIP shall be made where aggregation of such ordinary shares under option would exceed 10% of the share capital of the Company. Awards made under the EIP, including exercise price and number of option awards, are made at the discretion of the remuneration committee of the Board. Options vest in three equal annual instalments commencing on the first anniversary of the date of grant, subject to continued employment. No other performance conditions apply.\nThe details of the options are as follows:\n \n\n\n\n\nDirectors\n\n\nTitle\n\n\nNumber of Ordinary Shares subject to the Options\n\n\n\n\nAndrew Austin\n\n\nExecutive Chairman\n\n\n 676,923\n\n\n\n\nPeter Mann\n\n\nChief Executive Officer\n\n\n 592,308\n\n\n\n\nRichard Slape\n\n\nChief Financial Officer\n\n\n 507,692\n\n\n\n\n \nThe notifications set out at the end of this announcement, made in accordance with the requirements of Regulation 2014/596/EU which is part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018 (\"UK MAR\"), provide further detail in relation to the Options granted.\n \nAdoption of Share I...