TIDMNIOX

RNS Number : 5182U

Niox Group PLC

28 March 2023

NIOX Group plc

("NIOX" or the "Company")

Grant of options

Oxford, UK - 28 March 2023: NIOX Group plc (AIM: NIOX) announces that it has today granted options to the Executive Directors over a total of 2,767,744 new ordinary shares in the Company ("Ordinary Shares") under the 2023 Performance Share Plan (the "Options").

The Options are exercisable at nominal value over the same number of Ordinary Shares and will vest on the third anniversary of the date of grant (the "Vesting Date"). The Options then remain exercisable until the tenth anniversary of the date of grant, subject also to the closing mid-market price of an Ordinary Share reaching or exceeding a specified price either: (a) over a period of 30 consecutive dealing days prior to the Vesting Date or (b) as a result of a liquidity event occurring above the specified price (in each case, the "Vesting Level").

33 percent of the Options will vest in the event that a Vesting Level of 55p is attained, 66 percent of the Options will vest in the event that a Vesting Level of 62.5p is attained, with 100 per cent. vesting in the event that a Vesting Level of 70p is attained.

The Options awarded to each Executive Director are shown below and additional disclosure in relation to PDMR dealing is included at the end of this announcement.

 
            Name   Number of Options 
     Ian Johnson             996,775 
                  ------------------ 
   Jonathan Emms             996,775 
                  ------------------ 
  Michael Roller             774,194 
                  ------------------ 
 

Contacts

 
 N IOX 
  Ian Johnson, Executive Chairman 
  Michael Roller, Chief Financial Officer       +44 (0) 1865 405560 
 Singer Capital Markets (Nominated Adviser 
  & Broker)                                   +44 (0) 20 7496 
  Aubrey Powell / Jen Boorer                   3000 
 

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                                 1. Ian Johnson 
                                                       2. Jonathan Emms 
                                                       3. Michael Roller 
                ==============================  =================================================== 
            2.   Reason for the notification 
                =================================================================================== 
            a.   Position/status                      1. Executive Chairman 
                                                       2. Chief Operating Officer 
                                                       3. Chief Financial Officer 
                ==============================  =================================================== 
            b.   Initial notification            Initial notification 
                  /Amendment 
                ==============================  =================================================== 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                =================================================================================== 
            a.   Name                            N IOX Group plc 
                ==============================  =================================================== 
            b.   LEI                             2138006YAT138TOGA556 
                ==============================  =================================================== 
            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                  Options over Ordinary Shares of 0.08p each. 
                  the 
                  Financial instrument, 
                  type of instrument              GB00BJVD3B28 ISIN for the Ordinary shares 
                  Identification 
                  code 
                ==============================  =================================================== 
            b.   Nature of the                   G rant of share options under the 2023 Performance 
                  transaction                     Share Plan over Ordinary Shares in NIOX Group 
                                                  plc 
                ==============================  =================================================== 
            c.   Price(s) and                      Exercise Price(s)   Volume(s) 
                  volume(s)                              1. 0.08p            1. 996,775 
                                                          2. 0.08p            2. 996,775 
                                                          3. 0.08p            3. 774,194 
                                                                       ----------------- 
                ==============================  =================================================== 
            d.        Aggregated information 
                        *    Aggregated volume 
                                                              n/a 
 
                        *    Price 
                ==============================  =================================================== 
            e.   Date of the transaction         28 March 2023 
                ==============================  =================================================== 
            f.   Place of the                    Outside a trading venue 
                  transaction 
                ==============================  =================================================== 
 

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END

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March 28, 2023 11:04 ET (15:04 GMT)

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