Grant of Share Options

RNS Number : 9726I

Renalytix PLC

22 April 2022

 

Renalytix plc

("Renalytix" or the "Company")

Grant of Share Options

New York and SALT LAKE CITY, April  22, 2022  - Renalytix plc (NASDAQ: RNLX) (LSE: RENX) announces that its Remuneration Committee has agreed to issue options over a total of 40,000 ordinary shares of 0.25 pence each in the capital of the Company (the "Share Options") to Tim Scannell, a Non-Executive Director of the Company.

The Share Options, which have been issued in line with the Company's existing share option plan, have  an exercise price of £2.76 per share, being the price set the recent equity placing.  One quarter of the Share Options vest 12 months from the date of grant with one twelfth vesting quarterly after that, subject to Mr. Scannell remaining a Non-Executive Director of the Company. The Share Options have typical acceleration provisions in the event of a change of control of Renalytix.

For further information, please contact:

Renalytix plc			www.renalytix.com
James McCullough, CEO			Via Walbrook PR
Stifel (Nominated Adviser, Joint Broker)			Tel: [phone]
Alex Price / Nicholas Moore
Investec Bank plc (Joint Broker)			Tel: [phone]
Gary Clarence / Daniel Adams
Walbrook PR Limited	Tel: [phone]  or    [e-mail]
Paul McManus / Lianne Applegarth / Alice Woodings		Mob: [phone]
CapComm Partners		Tel: [phone]  or [e-mail]
Peter DeNardo

About Renalytix

Renalytix (LSE: RENX) (NASDAQ: RNLX) is the global founder and leader in the new field of bioprognosis™ for kidney health. The company has engineered a new solution that enables early-stage chronic kidney disease progression risk assessment. The Company's lead product, KidneyIntelX™, has been granted Breakthrough Designation by the U.S. Food and Drug Administration and is designed to help make significant improvements in kidney disease prognosis, transplant management, clinical care, patient stratification for drug clinical trials, and drug target discovery (visit www.kidneyintelx.com). For more information, visit www.renalytix.com .

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tim Scannell
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	Renalytix plc
b)	LEI	213800NTOH3FK3WER551
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	Options over ordinary shares of 0.25 pence each in the Company
	Identification code	GB00BYWL4Y04
b)	Nature of the transaction	Grant of options over shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£2.76	40,000
d)	Aggregated information
	- Aggregated volume	40,000
	- Price	£110,400
e)	Date of the transaction	21 April 2022
f)	Place of the transaction	Outside of trading venue - off market

 

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