TIDMCOG

RNS Number : 4406S

Cambridge Cognition Holdings PLC

16 November 2021

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 15 November 2021, the Company granted options ("Options") over a total of 47,500 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's EMI option scheme and its unapproved option scheme.

Of these Options:

1. 40,000 were granted to Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company;

 
 Name             Role                 Number       Total number        Total        Percentage 
                                      of Options      of Options        number        of Current 
                                       Granted      held following    of Ordinary    Issued Share 
                                                        Grant           Shares         Capital 
                                                                         held            Held 
                  Chief Executive 
 Matthew Stork     Officer                40,000           823,061        125,000           0.40% 
                 -----------------  ------------  ----------------  -------------  -------------- 
 
   2.   7,500 were granted to other employees of the Company. 

Of the Options granted:

1. All Options granted to Matthew Stork are exercisable at a price of 140 pence per Ordinary Share from three years following the date of award until the tenth anniversary of the date of award, subject to satisfying the following performance criteria:

a. 50% of the Options granted will vest if the average closing mid-market price of an Ordinary Share for any three month period exceeds 170 pence, with the price on the last day of that period being at least 145 pence, and the last day of this period being no later than 30 April 2024; and

b. 50% of the Options granted will vest if the average closing mid-market price of an Ordinary Share for any three month period exceeds 220 pence, with the price on the last day of that period being at least 170 pence, and the last day of this period being no later than 30 April 2024.

2. The remaining 7,500 options granted to employees are exercisable at a price of 1 pence per Ordinary Share from two years following the date of award until the tenth anniversary of the date of award. All of these Options are granted over shares already in issue and held by Cambridge Cognition Trustees Limited on behalf of the Employee Benefit Trust.

Following the grant of Options, the total number of Options outstanding over unissued Ordinary Shares is 2,553,559 representing approximately 8.19% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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 
     ---------------------------  ---------------------------------------- 
 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 15 November 
       type of instrument           2021 
      Identification code          GB00B8DV9647 
     ---------------------------  ---------------------------------------- 
 b)   Nature of the transaction    Grant of Options over Ordinary Shares 
     ---------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)       Price: n/a 
                                    Volumes: 
                                    Matthew Stork - 40,000 Options 
     ---------------------------  ---------------------------------------- 
 d)     Aggregated information:    n/a 
          *    Aggregated volume 
 
 
          *    Price 
     ---------------------------  ---------------------------------------- 
 e)   Date of the transaction      15 November 2021 
     ---------------------------  ---------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ---------------------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014

Enquiries

 
 Cambridge Cognition Holdings PLC 
 Matthew Stork, Chief Executive Officer     Tel: 01223 810 700 
  Steven Powell, Chair                       press@camcog.com 
 
 finnCap Ltd (NOMAD and Joint Broker)       Tel: 020 7220 0500 
 Geoff Nash / Simon Hicks                   (Corporate Finance) 
 Alice Lane/Charlotte Sutcliffe             (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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November 16, 2021 02:00 ET (07:00 GMT)

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