Grant of Options

RNS Number : 9088V

Instem plc

19 April 2021

 

Instem plc

("Instem", the "Company" or the "Group")

Grant of Options

Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that Phil Reason (Chief Executive Officer) and Nigel Goldsmith (Chief Financial Officer) have been granted awards of nil-cost options over 4,387 and 3,031 ordinary shares of 10 pence each ("Ordinary Shares") respectively under the Instem plc 2018 Long Term Incentive Plan ("LTIP").  These options will ordinarily vest and become exercisable on 1 January 2024 pursuant to the rules of the LTIP, conditional upon the individual being in employment with the Group at the date of vesting.

After these grants of options, Mr Reason and Mr Goldsmith hold options over a total of 183,816 and 254,531 Ordinary Shares, respectively.  

For further information please contact:

Instem plc
Phil Reason, Chief Executive Officer Nigel Goldsmith, Chief Financial Officer	via Walbrook Financial PR
N+1 Singer - NOMAD and Broker
Peter Steel, Alex Bond (Corporate Finance) Rachel Hayes (Corporate Broking)	[phone]
Walbrook Financial PR
Tom Cooper Nick Rome	[phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them (in respect of the grant of share options today to Mr Reason and Mr Goldsmith)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phil Reason
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	Instem plc
b)	LEI	213800PILYUFNNROQX68
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 10 pence each GB00B3TQCK30
b)	Nature of the transaction	Grant of nil cost options under the Company's LTIP
c)	Price(s) and volume(s)	Price	Volume
		Nil	4,387
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nigel Goldsmith
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	Instem plc
b)	LEI	213800PILYUFNNROQX68
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 10 pence each GB00B3TQCK30
b)	Nature of the transaction	Grant of nil cost options under the Company's LTIP
c)	Price(s) and volume(s)	Price	Volume
		Nil	3,031
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Outside a trading venue

 

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