Path Investments plc Option Surrender and Issue of Replacement Options (5153B)
08 Octubre 2020 - 3:55AM
UK Regulatory
TIDMPATH
RNS Number : 5153B
Path Investments plc
08 October 2020
Path Investments plc
("Path" or the "Company")
Option Surrender and Issue of Replacement Options
Path Investments plc (TIDM: PATH) , the energy and natural
resources investment company, announces that Christopher Theis,
Chief Executive Officer and Andrew Yeo, formerly Chief Operating
Officer, of Path, have today surrendered the following options in
the Company, granted to them on 30 March 2017:
Number of ordinary Exercise price Expiry date
shares subject
to option
Christopher Theis 20,000,000 GBP0.001 30 March 2027
------------------- --------------- --------------
Christopher Theis 16,000,000 GBP0.01 30 March 2027
------------------- --------------- --------------
Christopher Theis 6,500,000 GBP0.02 30 March 2027
------------------- --------------- --------------
Andrew Yeo 8,500,000 GBP0.001 30 March 2027
------------------- --------------- --------------
Andrew Yeo 6,500,000 GBP0.01 30 March 2027
------------------- --------------- --------------
Andrew Yeo 2,875,000 GBP0.02 30 March 2027
------------------- --------------- --------------
The following options to acquire ordinary shares in Path have
today been issued to Christopher Theis and Andrew Yeo:
Number of ordinary Exercise price Expiry date
shares subject
to option
Christopher Theis 42,500,000 GBP0.001 8 October 2030
------------------- --------------- ---------------
Andrew Yeo 17,875,000 GBP0.001 8 October 2030
------------------- --------------- ---------------
This surrender and reissue of an equivalent amount of options
marks the first action in a series of events that the directors
have planned, to streamline the company's capital structure ahead
of the proposed readmission and acquisition of DTU.
Further details on the lapse and grant to Christopher Theis are
included in the notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014
For further information please contact:
Path Investments plc C /O IFC
Christopher Theis
IFC Advisory Limited (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser)
Samantha Harrison 020 7865 2411
Harrison Clarke 020 7184 4384
Keith, Bayley, Rogers & Co. Limited (Broker)
07776 30 22
Brinsley Holman 28
07506 43 41
Graham Atthill-Beck 07
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 Christopher Theis
-------------------------------- ---------------------------------
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 Path Investments plc
-------------------------------- ---------------------------------
b) LEI 21380058VQBP76M7TN11
-------------------------------- ---------------------------------
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 Lapse of Options over Ordinary
Financial instrument, Shares of GBP0.001 each
type of instrument
Identification code GB00BYQD5059
-------------------------------- ---------------------------------
b) Nature of the transaction Surrender of Options
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume
nil 42,500,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
-------------------------------- ---------------------------------
e) Date of the transaction 8 October 2020
-------------------------------- ---------------------------------
f) Place of the transaction Outside of trading venue
-------------------------------- ---------------------------------
2. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher Theis
-------------------------------- ---------------------------------
3. Reason for the Notification
-------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- ---------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------- ---------------------------------
4. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Path Investments plc
-------------------------------- ---------------------------------
b) LEI 21380058VQBP76M7TN11
-------------------------------- ---------------------------------
5. 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 Grant of Options over Ordinary
Financial instrument, Shares of GBP0.001 each
type of instrument
Identification code GB00BYQD5059
-------------------------------- ---------------------------------
b) Nature of the transaction Grant of Options
-------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume
nil 42,500,000
-----------
-------------------------------- ---------------------------------
d) Aggregated information:
* Aggregated volume N/A
* Price
-------------------------------- ---------------------------------
e) Date of the transaction 8 October 2020
-------------------------------- ---------------------------------
f) Place of the transaction Outside of trading venue
-------------------------------- ---------------------------------
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END
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October 08, 2020 04:55 ET (08:55 GMT)
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