Grant of Share Awards
8 April 2024
Pensana Plc
("Pensana" or the "Company")
Grant of Share Awards
Pensana Plc, announces that, on 5 April 2024, it granted share awards over an aggregate, 3,050,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") to directors, senior management and employees. For the purposes of the allocation, a share price of 60p per Ordinary Share was used.
Following these grants, a total of 3,847,916 share awards are outstanding, which represents approximately 1.33 per cent of the Company's existing issued share capital of 288,772,873 Ordinary Shares.
Executive Directors
The following new Share Awards have been granted to Executive Directors and/or Officers of the Company:
| Name | Position | Number of New Share Awards Granted | Vesting Period | Total Share Awards Held Following This Grant |
| Tim George | CEO | 750,000 | 3 years | 1,104,167 |
| Robert Kaplan | CFO | 475,000 | 3 years | 718,750 |
| Rocky Smith | COO | 700,000 | 3 years | 900,000 |
The new Share Awards set out in the table above for Executive Directors and/or Officers are subject to the satisfaction of certain performance conditions to be interpreted at the discretion of the Remuneration Committee over the three-year review period. Upon vesting, no consideration is payable. Subject to vesting and such performance conditions being met, the new Share Awards will be allocated to the participant as fully paid ordinary shares
Senior Management and Employees
A further 1,125,000 Share Awards, in aggregate, have been granted to certain other members of senior management and employees. For the purposes of the allocation, a share price of 60p per Ordinary Share was used.
The notifications below are made in accordance with the requirements of MAR.
PDMR Notification Forms
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Tim George |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Pensana Plc |
| b) | LEI | 213800H4QP6T9499RU64 |
| 4 | 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 | |
| a) | Description of the financial instrument, type of instrument
| Ordinary shares of 1p each |
|
| Identification code | GB00BKM0ZJ18 |
| b) | Nature of the transaction | Grant of Share Awards |
| c) | Price(s) and volume(s)
| Price: N/A Volume: 750,000 |
| d) | Aggregated information
| Aggregated volume: 750,000 Price: N/A |
| e) | Date of the transaction | 5 April 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Robert Kaplan |
| 2 | Reason for the notification | |
| a) | Position/status | CFO |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Pensana Plc |
| b) | LEI | 213800H4QP6T9499RU64 |
| 4 | 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 | |
| a) | Description of the financial instrument, type of instrument
| Ordinary shares of 1p each |
|
| Identification code | GB00BKM0ZJ18 |
| b) | Nature of the transaction | Grant of Share Awards |
| c) | Price(s) and volume(s)
| Price: N/A Volume: 475,000 |
| d) | Aggregated information
| Aggregated volume: 475,000 Price: N/A |
| e) | Date of the transaction | 5 April 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Rocky Smith |
| 2 | Reason for the notification | |
| a) | Position/status | COO |
| b) | Initial notification/Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Pensana Plc |
| b) | LEI | 213800H4QP6T9499RU64 |
| 4 | 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 | |
| a) | Description of the financial instrument, type of instrument
| Ordinary shares of 1p each |
|
| Identification code | GB00BKM0ZJ18 |
| b) | Nature of the transaction | Grant of Share Awards |
| c) | Price(s) and volume(s)
| Price: N/A Volume: 700,000 |
| d) | Aggregated information
| Aggregated volume: 700,000 Price: N/A |
| e) | Date of the transaction | 5 April 2024 |
| f) | Place of the transaction | Outside a trading venue |
ENDS
For further information, please contact:
Shareholder/analyst enquiries:
Pensana Plc
Paul Atherley, Chairman IR@pensana.co.uk
Tim George, Chief Executive Officer
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