TIDMIUG
RNS Number : 6898X
Intelligent Ultrasound Group PLC
22 December 2023
Intelligent Ultrasound Group plc
("the Company")
Grant of Share Options
Intelligent Ultrasound Group plc (AIM: IUG), the ultrasound
artificial intelligence (AI) software and simulation company,
announces the grant of 2,649,015 share options to the Directors and
6,800,332 share options to other management and employees (together
the "options") on 21 December 2023 at a price of 9.6 pence per
share, representing the closing mid-market price on 20 December
2023, the date of approval by the Remuneration Committee.
Individual Director option grants
Director New grant Type
Stuart Gall 530,428 EMI
---------- --------
Stuart Gall 501,322 Non-EMI
---------- --------
Nicholas Sleep 450,297 Non-EMI
---------- --------
Nicholas Sleep 530,428 EMI
---------- --------
Helen Jones 334,409 Non-EMI
---------- --------
Helen Jones 302,131 EMI
---------- --------
Following the option grants above, the Directors hold the total
number of share options as shown below:
Director Number of options held
Stuart Gall 4,880,048
-----------------------
Nicholas Sleep 3,879,436
-----------------------
Helen Jones 2,298,806
-----------------------
11,058,490
-----------------------
% of share capital on fully
diluted basis 3.1%
-----------------------
Vesting criteria for all options
The share options vest equally over three years i.e. one third
on the first, second and third anniversary of issue, subject to the
grantee's continued service with the Group and will remain
exercisable at any point up until the tenth anniversary of the date
of grant.
Number of shares in respect of which the Option shall vest
1/3 vest after 12 months
1/3 vest after a further 12 months
1/3 vest after a further 12 months
Management and employee options
A total of 6,800,332 options have been issued to other
management and employees. These option grants are under the
Company's EMI scheme where the individual and the grant meets EMI
criteria. Grants which do not qualify are under the same rules as
the EMI scheme but will not benefit from EMI tax status.
The notification in Appendix 1 to this announcement, made in
accordance with the requirements of the EU Market Abuse Regulation,
provides further detail.
For further information, please contact:
Intelligent Ultrasound Group plc www.intelligentultrasound.com
Stuart Gall, CEO Tel: +44 (0)29 2075 6534
Helen Jones, CFO
Cavendish Capital Markets Limited - Nominated Adviser and Broker
Giles Balleny/Dan Hodkinson (Corporate Tel: +44 (0)20 7220 0500
Finance)
Michael Johnson/Julian Morse (Sales)
Nigel Birks (ECM)
TB Cardew - PR Advisors Intelligentultrasound@tbcardew.com
Ed Orlebar Tel: +44 (0)7738 724630
Allison Connolly Tel: +44 (0)7587 453955
Emma Pascoe-Watson Tel: +44 (0)7774 620415
About Intelligent Ultrasound Group
Intelligent Ultrasound (AIM: IUG) is one of the world's leading
'classroom to clinic' ultrasound companies, specialising in
real-time hi-fidelity virtual reality simulation for the ultrasound
training market ('classroom') and artificial intelligence-based
clinical image analysis software tools for the diagnostic medical
ultrasound market ('clinic'). Based in Cardiff in the UK and
Atlanta in the US, the Group has two revenue streams:
Simulation
Real-time hi-fidelity ultrasound education and training through
simulation. Our main products are the ScanTrainer obstetrics and
gynaecology training simulator, the HeartWorks echocardiography
training simulator, the BodyWorks Eve Point of Care and Emergency
Medicine training simulator with Covid-19 module and the new
BabyWorks Neonate and Paediatric training simulator. To date over
1,500 simulators have been sold to over 750 medical institutions
around the world.
Clinical AI software
Deep learning-based algorithms to make ultrasound machines
smarter and more accessible using our proprietary ScanNav
ultrasound image analysis technology. Current products on the
market utilising this technology are GE Healthcare's SonoLyst
software that is incorporated in their Voluson Expert 22 and SWIFT
ultrasound machines; ScanNav Anatomy PNB that simplifies
ultrasound-guided needling by providing the user with real-time
AI-based anatomy highlighting for a range of medical procedures;
and NeedleTrainer that teaches real-time ultrasound-guided needling
and incorporates ScanNav Anatomy PNB.
www.intelligentultrasound.com
NOTE: ScanNav Anatomy PNB is CE approved and cleared for sale in
the US by the FDA, but is not available for sale in any other
territory requiring government approval for this type of
product.
Appendix 1
The Company makes the following disclosures in accordance with
article 19(3) of the Market Abuse Regulation:
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
1 Details of the person discharging managerial responsibilities
/ person closely associated
------------------------------------------------------------------------
a) Name Stuart Gall
-------------------------------- --------------------------------------
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) Full name of the entity Intelligent Ultrasound Group plc
-------------------------------- --------------------------------------
b) Legal entity identifier code 213800K4ZVWL4ZYQAZ70
-------------------------------- --------------------------------------
4 Details of the transaction(s)
------------------------------------------------------------------------
a) Description of the financial Options over ordinary shares in
instrument, type of instrument Intelligent Ultrasound Group plc
with a nominal value of 1 pence
each
-------------------------------- --------------------------------------
b) Identification Code ISIN: GB00BN791Q39
-------------------------------- --------------------------------------
c) Nature of the transaction Grant of options over Ordinary Shares
-------------------------------- --------------------------------------
d) Currency GBP - British pound
-------------------------------- --------------------------------------
e) Price(s) and Volume(s)
Price - 9.6 pence
Volume - 1,031,750
-------------------------------- --------------------------------------
f) Aggregated information N/A
* Price
* Volume
* Total
-------------------------------- --------------------------------------
g) Date of transaction 21 December 2023
-------------------------------- --------------------------------------
h) Place of transaction Off market
-------------------------------- --------------------------------------
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
1 Details of the person discharging managerial responsibilities
/ person closely associated
------------------------------------------------------------------------
a) Name Nicholas Sleep
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Technical Officer
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Full name of the entity Intelligent Ultrasound Group plc
-------------------------------- --------------------------------------
b) Legal entity identifier code 213800K4ZVWL4ZYQAZ70
-------------------------------- --------------------------------------
4 Details of the transaction(s)
------------------------------------------------------------------------
a) Description of the financial Options over ordinary shares in
instrument, type of instrument Intelligent Ultrasound Group plc
with a nominal value of 1 pence
each
-------------------------------- --------------------------------------
b) Identification Code ISIN: GB00BN791Q39
-------------------------------- --------------------------------------
c) Nature of the transaction Grant of options over Ordinary Shares
-------------------------------- --------------------------------------
d) Currency GBP - British pound
-------------------------------- --------------------------------------
e) Price(s) and Volume(s)
Price - 9.6 pence
Volume - 980,725
-------------------------------- --------------------------------------
f) Aggregated information N/A
* Price
* Volume
* Total
-------------------------------- --------------------------------------
g) Date of transaction 21 December 2023
-------------------------------- --------------------------------------
h) Place of transaction Off market
-------------------------------- --------------------------------------
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
1 Details of the person discharging managerial responsibilities
/ person closely associated
------------------------------------------------------------------------
a) Name Helen Jones
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Full name of the entity Intelligent Ultrasound Group plc
-------------------------------- --------------------------------------
b) Legal entity identifier code 213800K4ZVWL4ZYQAZ70
-------------------------------- --------------------------------------
4 Details of the transaction(s)
------------------------------------------------------------------------
a) Description of the financial Options over ordinary shares in
instrument, type of instrument Intelligent Ultrasound Group plc
with a nominal value of 1 pence
each
-------------------------------- --------------------------------------
b) Identification Code ISIN: GB00BN791Q39
-------------------------------- --------------------------------------
c) Nature of the transaction Grant of options over Ordinary Shares
-------------------------------- --------------------------------------
d) Currency GBP - British pound
-------------------------------- --------------------------------------
e) Price(s) and Volume(s)
Price - 9.6 pence
Volume - 636,540
-------------------------------- --------------------------------------
f) Aggregated information N/A
* Price
* Volume
* Total
-------------------------------- --------------------------------------
g) Date of transaction 21 December 2023
-------------------------------- --------------------------------------
h) Place of transaction Off market
-------------------------------- --------------------------------------
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END
DSHFELFWFEDSEIE
(END) Dow Jones Newswires
December 22, 2023 02:00 ET (07:00 GMT)
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