Grant of Options and Director/PDMR Dealing

RNS Number : 6796S

Feedback PLC

27 June 2018

 

27 June 2018

Feedback plc

(the "Company" or "Feedback")

Grant of Options

Director/PDMR Dealing

Further to its announcement on 16 April 2018, Feedback plc (AIM: FDBK), the specialist medical imaging technology company, announces that on 26 June 2018, it granted 4,000,000 options to Dr Alastair Riddell, Non-executive Chairman of the Company and 2,500,000 options to Simon Sturge, Non-executive Director of the Company, and are exercisable at any time up to the tenth anniversary of grant ("the NED Options"). The NED Options have been granted in lieu of fees for the year ending 31 May 2019 in order to reduce board cash costs.

In addition, on 26 June 2018, the Company granted the following options to the executive directors and certain members of the senior management of the Company (the "Executive Options"). The Executive Options vest from 1 March 2019 and are exercisable at any time up to the tenth anniversary of the grant.

Executive Director / Senior Management	Position	Number of Executive Options granted
David Crabb	Chief Executive Director	5,600,000
Lindsay Melvin	Chief Financial Director	2,800,000
Rory Shaw	Medical Director of Feedback Medical Limited (PDMR)	2,800,000
Balaji Ganeshan	Executive Director of Feedback Medical Limited (PDMR)	2,800,000

The NED Options and Executive Options have an exercise price of 1.86p, being the average closing mid-market price of the five days ended 25 June 2018.

In aggregate, the NED Options and Executive Options are equivalent to 7.28 per cent. of the Company's issued share capital. Following the grant of the NED Options and Executive Options, 30,900,000 options over new Ordinary Shares are outstanding, representing approximately 10.97 per cent. of the share capital of the Company. 

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr Alastair Riddell
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 4,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Sturge
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 2,500,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Crabb
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 5,600,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Lindsay Melvin
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 2,800,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rory Shaw
2	Reason for the notification
a)	Position/status	Medical Director of Feedback Medical Limited (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 2,800,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Balaji Ganeshan
2	Reason for the notification
a)	Position/status	Executive Director of Feedback Medical Limited (PDMR)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback plc
b)	LEI	213800UGOF2GT2U2RV90
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 Identification code	Ordinary shares of 0.25p each in Feedback plc Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.85p 2,800,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	26 June 2018
f)	Place of the transaction	Outside a trading venue

Notes to editors

About Feedback plc

Feedback plc is a specialist medical imaging technology company. It develops software and systems that provide innovative techniques and improved workflows for practitioners involved in medical research and treating patients. TexRAD^®, the Company's patented quantitative image texture analysis technology, has the potential to assist clinicians in diagnosis, prognosis and treatment of patients with cancer and is currently installed in over 40 of the world's leading research institutions across Europe, North America, Asia and Australasia. The Cadran platform provides a suite of medical imaging tools for decision support. The Cadran range includes the picture archiving communication system (PACS) to provide decision support for scan analysis, diagnostic workstations which provide secure remote access to view scans on demand, and products to securely share and transport patient data. Visit www.fbk.com.

For further information, please contact:

Feedback plc David Crabb, Chief Executive Officer Lara Mott, Investor Relations	Tel: [phone] [e-mail]
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / Asha Chotai	Tel: [phone]
Peterhouse Corporate Finance Ltd (Joint Broker) Lucy Williams / Duncan Vasey	Tel: [phone]

 

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