("
Grant of Options
The Company announces that it has agreed to grant 30 million share options to
Each New Option will entitle the holder to subscribe for a new ordinary share of 0.01p in the Company ("Shares") at an exercise price of
The table below sets out the directors' interest in the Company following this grant of options:-
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Interest over shares |
Nil |
Interest over options |
30,000,000 |
The issued share capital of the Company comprises 4,882,924,490 ordinary shares.
Following the grant of the New Options, a total of 342,650,840 options and nil warrants are outstanding at the date of this notification, representing approximately 6.4% of its issued ordinary share capital.
The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of
Contacts:-
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+44 (0) 20 7440 0640 |
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Nominated Adviser / NEX Exchange Corporate Adviser: |
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James Caithie/ |
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+44 (0) 20 7213 0880 |
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Joint Broker: |
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Peterhouse Corporate Finance |
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+44 (0) 20 7469 0930 |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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Details of the person discharging managerial responsibilities/person closely associated |
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Reason for notification |
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Position/Status |
Director |
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Initial notification/ Amendment |
Initial |
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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LEI |
21380068N2D57QUG1L78 |
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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 |
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Description of the financial instrument, type of instrument |
Ordinary shares of 0.01p each
GB00B4WKYH05 |
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Nature of the transaction |
Grant of Options to subscribe for ordinary shares |
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Exercise price of 0.05p per share |
30,000,000 |
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Aggregated information
- Aggregated Volume
- Price |
N/A
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Date of the transaction |
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Place of the transaction |
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This information is provided by RNS