Grant of Options to CEO

RNS Number : 9003U

Cellular Goods PLC

08 December 2021

 

Press Release

8 December 2021

Cellular Goods PLC

("Cellular Goods" or "The Company") 

Grant of Options to Chief Executive Officer

Cellular Goods (LSE: CBX), a UK-based provider of premium consumer products based on lab-made cannabinoids,   announces that Anna Chokina, chief executive, has been granted share options over a total of 20 million ordinary shares in the Company ("Options") at an exercise price per share of 7.64p.

The exercise price of the options is the 30-day VWAP (volume weighted average price) to 12 November 2021, the date on which Ms Chokina accepted the Company's offer, subject to contract. Enterprise Management Incentive options over 3,448,262 ordinary shares will vest on 6 December 2022 and are exercisable for ten years from grant, subject to the rules of the Company's option scheme.  Non-tax advantaged options over 16,551,738 ordinary shares will vest as to 3,218,404 shares on 6 December 2022, as to 555,555 shares on 6 January 2023, as to 555,555 shares each month thereafter with any remaining shares vesting on 6 December 2024.  These options are also exercisable for ten years from date of grant, subject to the rules of the scheme.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

Cellular Goods
Anna Chokina Chief Executive Neil Thapar Investor Relations	via Tancredi [phone] [phone]
Tennyson Securities
Corporate Broker Peter Krens	[phone]
Novum Securities
Corporate Broker Colin Rowbury Jon Belliss	[phone]
Tancredi Intelligent Communication
Media Relations Helen Humphrey Edward Daly Charlie Hobbs [e-mail]	[phone] [phone] [phone]

About Cellular Goods PLC

Cellular Goods is a UK-based provider of premium consumer products based on lab-made cannabinoids. It was established in August 2018 to develop efficacy-led and research-backed cannabinoid products. The initial focus is on three product verticals: premium CBG skincare and CBD ingestible and topical athletic recovery products, with the first products launched in December 2021 initially through the Company's website.

www.cellulargoods.co  

 

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