Cambridge Nutritional Sciences PLC Grant of Options

RNS Number : 4766R

Cambridge Nutritional Sciences PLC

06 June 2024

Cambridge Nutritional Sciences PLC

("CNSL" or the "Company")

Grant of Options

CNSL, (AIM:CNSL) the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition, announces that on 6 June 2024 the Board granted share options (the "Options") over its ordinary shares of 4.0 pence each ("Ordinary Shares") to the Chair, Carolyn Rand, Non-Executive Director, and to Jeremy Millard, Non-Executive Director.

Following this grant of Options, the Company has options in issue over 18,184,049 Ordinary Shares, representing approximately 8% per cent. of the Company's total issued share capital.

Director	Number of Options granted on 6 June 2024	Exercise Price	Total options held post issue
Carolyn Rand (Chair)	9,930,000	4.0p	9,930,000
Jeremy Millard	450,000	4.0p	783,334

Grant of Options

The Company has granted the Options to incentivise non-executive director ("NED") performance for the benefit of all Shareholders and to more effectively reward active NED engagement.

The Options are subject to time conditions (as set out below); good/bad leaver provisions; and being a director of the Company on the date of vesting.

Vesting criteria for Options are subject to time conditions as follows:

Amount Vesting	Time Condition
34 per cent. ("Tranche One")	On the first anniversary of 6 June 2024
33 per cent. ("Tranche Two")	On the second anniversary of 6 June 2024
33 per cent. ("Tranche Three")	On the third anniversary of 6 June 2024

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).

For further information, please contact:

Cambridge Nutritional Sciences Plc

Jag Grewal, Chief Executive Officer

www.cnsplc.com

investors@cnsplc.com

Cavendish Capital Markets Limited

Geoff Nash / Edward Whiley / George Dollemore (Corporate Finance)

Nigel Birks / Harriet Ward (ECM)

Tel: 020 7220 0500

About Cambridge Nutritional Sciences Plc

Cambridge Nutritional Sciences Plc (AIM: CNSL) is the specialist medical diagnostics company focused on promoting a personalised and functional approach to health and nutrition.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Details of the person discharging managerial responsibilities/person closely associated

Name

Carolyn Rand

Reason for the notification

Position/status

Chair, Non-Executive Chair

Initial notification/
Amendment

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Cambridge Nutritional Sciences plc

LEI

2138007U9P4BTZTYIR92

Details 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

Description of the
financial instrument

Options over Ordinary Shares of 4.0p each

Identification code

ISIN: GB00B1VCP282

Nature of
the transaction

Grant of Options

Price(s) and volume(s)

Price(s)	Volume(s)
4.0p	9,930,000

Aggregated information

- Aggregated volume

- Price

n/a

Date of the
transactions

6 June 2024

Place of the transactions

Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated

Name

Jeremy Millard

Reason for the notification

Position/status

Non-Executive Director

Initial notification/
Amendment

Initial Notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Cambridge Nutritional Sciences plc

LEI

2138007U9P4BTZTYIR92

Details 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

Description of the
financial instrument

Options over Ordinary Shares of 4.0p each

Identification code

ISIN: GB00B1VCP282

Nature of
the transaction

Grant of Options

Price(s) and volume(s)

Price(s)	Volume(s)
4.0p	450,000

Aggregated information

- Aggregated volume

- Price

n/a

Date of the
transactions

6 June 2024

Place of the transactions

Outside a trading venue

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBUGDLUDGDGSL

Cambridge Nutritional Sc... (LSE:CNSL)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024