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Sareum Holdings PLC Issue of Options
Sareum Holdings PLC Issue of Options.
About this update from Sareum Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5057S Sareum Holdings PLC 12 March 2019 \n\n\n\n\n(AIM: SAR)\n\n\n12 March 2019\n\n\n\nSAREUM HOLDINGS PLC\n(\"Sareum\" or the \"Company\")\nIssue of Options\nThe Company announces that it granted on 8 March 2019 the following share options (the \"Options\") to Dr Tim Mitchell, Chief Executive Officer, Dr John Reader, Chief Scientific Officer, Dr Stephen Parker, Non-executive Chairman, Dr Michael Owen, Non-executive Director and Mr Clive Birch, Non-executive Director.\nDrs Mitchell and Reader will each receive an option over 23,633,388 Shares, exercisable by no later than 07 March 2029 in the case of 11,816,694 Shares at 0.7 pence, 5,908,347 Shares at 1.05 pence and 5,908,347 Shares at 1.4 pence per Share, respectively.\nDr Parker will receive an option over 8,100,000 Shares, exercisable by no later than 07 March 2029, in the case of 4,050,000 Shares at 0.7 pence, 2,025,000 Shares at 1.05 pence and 2,025,000 Shares at 1.4 pence per Share, respectively.\nDr Owen and Mr Birch will each receive an option over 2,857,143 Shares, exercisable by no later than 07 March 2029 in the case of 1,428,571 Shares at 0.7 pence, 714,286 Shares at 1.05 pence and 714,286 Shares at 1.4 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\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\n0.22%\n\n\n\n\n\n\n\nEMI\n\n\n 0.26\n\n\n6,153,846\n\n\n0.21%\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\n0.25%\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\n0.22%\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\n3,1...