Grant of Options

RNS Number : 7179K

Feedback PLC

24 April 2020

 

Feedback plc

Grant of Options

London , UK, 24 April 2020  - Feedback plc (AIM: FDBK, "Feedback" or the "Company"), the specialist medical imaging technology company, announces that it has granted a total of 19,000,000 options to subscribe for new ordinary shares in the Company under the Company's EMI Share Option Scheme ("Employee Options") to certain of its directors and employees, as detailed below.

The Employee Options are being issued in lieu of salary increases and bonuses this year, to support staff retention and to further align overall reward with increasing shareholder value.

The Employee Options are exercisable at a price of 1.2 pence per share and will vest, subject to the grantees' continued employment with the Company, over three years as to one-third on the first anniversary of the date of grant, one-third on the second anniversary of date of grant and one-third on the third anniversary of date of grant. The Employee Options expire 10 years after date of grant. The aggregate 19,000,000 Employee Options represent 3.52% of the Company's issued share capital.

The Employee Options are being granted to the following directors and persons discharging managerial responsibilities ("PDMRs"):

-  Rory Shaw, Non-executive Chairman and Chief Medical Officer of the Company, has been granted 5,000,000 Employee Options;

-  Lindsay Melvin, Finance Director of the Company, has been granted 1,500,000 Employee Options; and

-  Mike Hayball, Stephen Brown, Nick Mayhew and Stephen McAteer have each been granted 2,000,000 Employee Options.

Following the grant of the Employee Options, the Company has a total of 60,330,829 options to subscribe for ordinary shares in the Company in issue, representing 11.17% of the Company's issued share capital at the date of this announcement.

The exercise price of 1.2 pence per share reflects the price at which the Company last completed an equity fundraise in August 2019 and represents a premium of 17.65 per cent to the closing share price on the last trading day before this announcement. The Company's 30 day average closing mid-price is 0.62 pence per share and the closing share price on the last trading day before this announcement was 1.02 pence per share.

The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.

Enquiries:

Feedback plc Rory Shaw, Chairman Tom Oakley, CEO Lindsay Melvin, CFO	[phone] [e-mail]
Allenby Capital Limited (Nominated Adviser) David Worlidge / Asha Chotai	[phone]
Peterhouse Corporate Finance Ltd (Joint Broker) Lucy Williams / Duncan Vasey	[phone]
Stanford Capital Partners Limited (Joint Broker) Patrick Claridge / John Howes	[phone]
Instinctif Partners Melanie Toyne-Sewell / Phillip Marriage	[phone] [e-mail]

About Feedback plc -  www.fbk.com

Feedback plc (AIM: FDBK) is a specialist medical imaging technology company providing innovative software and systems, through its fully-owned trading subsidiary, Feedback Medical Limited. Its products advance the work of radiologists, clinicians and medical researchers by improving workflows and giving unique insights into diseases, particularly cancer.

Feedback has launched Bleepa ^TM , a new secure, encrypted medical communication app for clinicians accessible through smartphones, tablets and desktops that facilitates rapid clinical messaging and review of medical grade imaging for all members of a clinical team, directly from a hospital Picture Archiving and Communications System (PACS). For more information on Bleepa ^TM , see  www.bleepa.com .

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	Rory Shaw
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	Options to subscribe for ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in consideration of payment of fees
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 5,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 April 2020
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	Finance 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	Options to subscribe for Ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in accordance with the Company's EMI Share Option Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 1,500,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Hayball
2	Reason for the notification
a)	Position/status	Director of Feedback Medical Limited (Person Discharging Managerial Responsibilities)
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	Options to subscribe for Ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in consideration of payment of fees
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 April  2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Brown
2	Reason for the notification
a)	Position/status	Director of Feedback Medical Limited (Person Discharging Managerial Responsibilities)
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	Options to subscribe for Ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in consideration of payment of fees
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Mayhew
2	Reason for the notification
a)	Position/status	Manager at Feedback Medical Limited (Person Discharging Managerial Responsibilities)
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	Options to subscribe for Ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in consideration of payment of fees
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 2,000,,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	6 April 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen McAteer
2	Reason for the notification
a)	Position/status	Manager at Feedback Medical Limited (Person Discharging Managerial Responsibilities)
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	Options to subscribe for Ordinary Shares of 0.25p each Identification code (ISIN) for Feedback plc ordinary shares: GB0003340550
b)	Nature of the transaction	Issue of options to subscribe for Ordinary Shares in consideration of payment of fees
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 1.2p 2,000,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	23 April 2020
f)	Place of the transaction	Outside a trading venue

 

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