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Kanabo Group PLC (KNB)

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Friday 26 March, 2021

Kanabo Group PLC

PDMR Notification

RNS Number : 5632T
Kanabo Group PLC
26 March 2021
 

26 March 2021

Kanabo Group Plc

("Kanabo" or "The Company")

PDMR Notification

 

Kanabo Group Plc (LSE:KNB), announces the appointment of Michal Ben Moshe as General Manager. Michal has over 20 years of experience in business management, and previously served as the Senior Director of Finance & Commercial Affairs at S.L.E Ltd., a leading provider of logistic and operations in Israel for multinational companies dealing with pharmaceuticals and medical equipment and is a part of Teva Group (the largest generic pharmaceutical manufacturer worldwide).

 

As part of her appointment, the Company has agreed to grant Ms Ben Moshe options subject to approval by the Israeli Tax Authority, for 4,000,000 Ordinary shares of the Company at an exercise price of 27.21p, with a vesting period of 4 years and will remain exercisable until 90 days after any potential termination of her employment.

 

For further information, please visit http://www.kanabogroup.com/ or contact the following:

Kanabo Group Plc

+(972)52-3173-633

[email protected]

Meirav Horn, Chief Financial Officer

 

Peterhouse Capital Limited (Financial Adviser)

Tel: +44 (0)20 7469 0930

Eran Zucker / Guy Miller / Allie Feuerlein

Peterhouse Capital Limited (Corporate Broker)

Lucy Williams / Charles Goodfellow

 

 

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  

 Michal Ben Moshe

2  

Reason for the notification  

a)  

Position/status  

General Manager

b)  

Initial notification /Amendment  

Initial Notification

3  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  

a)

Name

Kanabo Group Plc

b)

LEI  

213800XPJFSNWJIYKN52

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 2.5 pence each in Kanabo Group Plc

 

 

GB00BYQCS703

b)

Nature of the transaction

Grant of options as part of the employee share option programme

c)

Price(s) and volume(s)

27.21pence for each of 4,000,000 options

d)

Aggregated information

- Aggregated volume

- Price

 

4 ,000,000 options

 

£1,088,400

 

e)  

Date of the transaction

On or around 25 March 2021

f)  

Place of the transaction

Standard List of the Main Market  

 

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