Cambridge Cognition Holdings PLC Grant of Options (6798T)
26 Julio 2022 - 1:00AM
UK Regulatory
TIDMCOG
RNS Number : 6798T
Cambridge Cognition Holdings PLC
26 July 2022
Cambridge Cognition Holdings Plc
("Cambridge Cognition" or the "Company")
Grant of Options
Cambridge Cognition Holdings plc (AIM: COG), which develops and
markets digital solutions to assess brain health, announces that on
25 July 2022, the Company granted options ("Options") over a total
of 871,432 ordinary shares of 1 pence each in the capital of the
Company ("Ordinary Shares") pursuant to the Company's 2022 Long
Term Incentive Plan ("LTIP").
Of these Options:
1. Options in respect of 558,699 Ordinary Shares were granted to Persons Discharging Managerial Responsibilities ("PDMRs") as follows;
Name Role Number Total number Total Percentage
of Ordinary of Ordinary number of Current
Shares Shares of Ordinary Issued Share
over which over which Shares Capital
Options Options held Held
Granted held following
Grant
Chief Executive
Matthew Stork Officer 171,297 994,358 147,950 0.47%
------------------ ------------- ---------------- ------------- --------------
Chief Financial
Stephen Symonds Officer 152,671 152,671 22,950 0.07%
------------------ ------------- ---------------- ------------- --------------
Chief Technology
Ricky Dolphin Officer 74,427 340,061 - -
------------------ ------------- ---------------- ------------- --------------
Chief Operating
Fiona Cree Officer 74,427 286,284 - -
------------------ ------------- ---------------- ------------- --------------
Chief Commercial
Richard Cooper Officer 85,877 294,163 - -
------------------ ------------- ---------------- ------------- --------------
2. Options in respect of 289,444 Ordinary Shares were granted to other employees of the Company.
The Options granted to the PDMRs are in each case "performance
share awards" that are exercisable at a price of 1 pence per
Ordinary Share from three years following the date of award until
the tenth anniversary of the date of award, subject to continued
service and to the extent to which challenging performance
conditions are achieved.
Under the terms of the aforementioned performance conditions,
one-half of each of the Options is subject to sliding scale
compound annual growth rate targets for adjusted revenue over the
three year period ending 31 December 2024, the other half of each
of the Options is subject to a sliding scale measure of relative
total shareholder performance over a three year period that
commenced on the grant of the Options.
The Options granted to others (save for one more performance
share award) are exercisable at a price of 1 pence per Ordinary
Share from three years following the date of award until the tenth
anniversary of the date of award, and will vest subject to
continued service (so called 'restricted share awards').
The LTIP has scope to grant both EMI awards and non-EMI awards
and was recently adopted by the Board. The terms of the LTIP align
to best practice expectations, including as leaver terms and malus
and clawback provisions.
Following the grant of Options, the total number of options
outstanding over unissued Ordinary Shares is 3,398,522 representing
approximately 10.9% of the Company's issued share capital.
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) Names Matthew Stork - Chief Executive Officer
Stephen Symonds - Chief Financial
Officer
Ricky Dolphin - Chief Technology Officer
Fiona Cree - Chief Operating Officer
Richard Cooper - Chief Commercial
Officer
--------------------------- -------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status See 1(a) above for positions - all
classified as PDMRs of the Company
--------------------------- -------------------------------------------
b) Initial notification/ Initial Notification
Amendment
--------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Cambridge Cognition Holdings Plc
--------------------------- -------------------------------------------
b) LEI 213800SZKDIN122EPA96
--------------------------- -------------------------------------------
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 In each case, the grant of Options
Financial instrument, over Ordinary Shares on 25 July 2022
type of instrument
Identification code GB00B8DV9647
--------------------------- -------------------------------------------
b) Nature of the transaction Grant of Options over Ordinary Shares
each with an exercise price of 1 pence
per Ordinary Share
--------------------------- -------------------------------------------
c) Price(s) and volume(s) Price: n/a
Volumes:
Matthew Stork - Options over 171,297
Ordinary Shares
Stephen Symonds - Options over 152,671
Ordinary Shares
Ricky Dolphin - Options over 74,427
Ordinary Shares
Fiona Cree - Options over 74,427 Ordinary
Shares
Richard Cooper - Options over 85,877
Ordinary Shares
--------------------------- -------------------------------------------
d) Aggregated information:
* Aggregated volume 558,699
n/a
* Price
--------------------------- -------------------------------------------
e) Date of the transaction 25 July 2022
--------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via the Regulatory
Information Service, this inside information is now considered to
be in the public domain.
Enquiries
Cambridge Cognition Holdings PLC
Matthew Stork, Chief Executive Officer Tel: 01223 810 700
Stephen Symonds, Chief Financial Officer press@camcog.com
Panmure Gordon (UK) Ltd
(NOMAD and Joint Broker) Tel: 020 78862500
Freddy Crossley / Emma Earl / Mark Rodgers (Corporate Advisory)
Rupert Dearden (Corporate Broking)
Dowgate Capital Limited (Joint Broker) Tel: 020 3903 7715
David Poutney/ James Serjeant (Corporate Broking)
IFC Advisory Limited (Financial PR and Tel: 020 3934 6630
IR)
Tim Metcalfe/ Graham Herring/ Zach Cohen
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END
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July 26, 2022 02:00 ET (06:00 GMT)
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