Business
Issue of Options
Issue of Options.
About this update from Sareum Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9211Z Sareum Holdings PLC 20 December 2017 \n\n\n\n\n\n(AIM: SAR)\n\n\n20 December 2017\n\n\n\n\nSAREUM HOLDINGS PLC\n(\"Sareum\" or the \"Company\")\nIssue of Options\nThe Company announces that it granted on 19 December 2017 the following share options (the \"Options\") to Dr Tim Mitchell, Chief Executive Officer, Dr John Reader, Chief Scientific Officer and Dr Stephen Parker, Non-Executive Chairman.\nDrs Mitchell and Reader will each receive an option over 19,097,687 Shares, exercisable by no later than 19 December 2027 in the case of 9,548,844 Shares at 0.825 pence, 4,774,442 Shares at 1.2375 pence and 4,774,421 Shares at 1.65 pence per Share, respectively.\nDr Parker will receive an option over 6,545,455 Shares, exercisable by no later than 19 December 2027, in the case of 3,272,728 Shares at 0.825 pence, 1,636,364 Shares at 1.2375 pence and 1,636,363 Shares at 1.65 pence per Share, respectively.\nFollowing the grants of Options referred to above, the interests of Directors in options over Shares will be as follows:\n\n\n\n\nDirector\n\n\nShare scheme\n\n\nExercise price (pence)\n\n\nNo. of Shares under option\n\n\nPercentage of issued share capital\n\n\n\n\nDr Tim Mitchell\n\n\nEMI\n\n\n 0.25\n\n\n6,400,000\n\n\n0.23%\n\n\n\n\n\n\n\nEMI\n\n\n 0.26\n\n\n6,153,846\n\n\n0.22%\n\n\n\n\n\n\n\nEMI\n\n\n 1.2\n\n\n2,566,666\n\n\n0.09%\n\n\n\n\n\n\n\nEMI\n\n\n 0.6\n\n\n4,752,000\n\n\n0.17%\n\n\n\n\n\n\n\nEMI\n\n\n 0.425\n\n\n7,198,353\n\n\n0.26%\n\n\n\n\n\n\n\nEMI\n\n\n 0.59\n\n\n5,340,862\n\n\n0.19%\n\n\n\n\n\n\n\nEMI\n\n\n 0.8\n\n\n6,250,000\n\n\n0.23%\n\n\n\n\n\n\n\nEMI\n\n\n 1.2\n\n\n3,125,000\n\n\n0.11%\n\n\n\n\n\n\n\nEMI\n\n\n 1.6\n\n\n3,125,000\n\n\n0.11%\n\n\n\n\n\n\n\nUnapproved\n\n\n 0.825\n\n\n9,548,844\n\n\n0.35%\n\n\n\n\n\n\n\nUnapproved\n\n\n 1.2375\n\n\n4,774,422\n\n\n0.17%\n\n\n\n\n\n\n\nUnapproved\n\n\n ...