TIDMNSCI
RNS Number : 2952N
NetScientific PLC
29 September 2021
NetScientific plc
("NetScientific" or the "Company")
Grant of Options to Directors
London, UK - 29 September 2021 - NetScientific plc (AIM:NSCI),
the international life sciences and sustainability, technology
investment and commercialisation group, announces that on 28
September 2021 it granted a further 183,191 options over ordinary
shares of 5p each (the "Ordinary Shares") to each of its Chief
Executive Officer, Dr Ilian Iliev, and its Executive Chairman, John
Clarkson, (the "New Options").
The table below summarises the New Options and the existing
options over Ordinary Shares held by Dr Iliev and Mr Clarkson.
Director Number of existing Number of New Total number of
options held Options granted options held
Ilian Iliev 382,465 183,191 565,656
John Clarkson 382,465 183,191 565,656
The grant of the New Options represents the recommendations of
the Board's Remuneration Committee, in respect of remuneration
arrangements for Executive Directors following the successful
GBP7.7m placement on 29 June 2021 (the "Fundraising"). The New
Options bring the interests of Dr Iliev and Mr Clarkson to
approximately 2.5 per cent. of the entire issued Ordinary Shares,
being the same percentage interest of their existing options prior
to the Fundraising.
The New Options were granted under the NetScientific Share
Option Scheme, pursuant to which options over a total of 1,760,545
Ordinary Shares have now been granted, representing 8.4 per cent.
of the current issued share capital of the Company. The maximum
potential dilution arising from options awarded under the
NetScientific Share Option Scheme remains below the upper limit of
10 per cent. under the rules of the plan.
The New Options have an exercise price of 124.0 pence per share
(the "Exercise Price"), which is equal to the average of the
closing market quotations for Ordinary Shares over the five dealing
days prior to the date on which the New Options were granted (the
latter being the minimum price that could have been set).
The New Options will vest as to one third on the date of grant,
as to a further third on the first anniversary of the date of grant
and as to the final third on the second anniversary of the date of
grant. The New Options may not be exercised earlier than the third
anniversary of the date of grant. The New Options lapse 10 years
after the date of grant (if not sooner in accordance with the terms
of the NetScientific Share Option Scheme rules).
The FCA notifications, made in accordance with the requirements
of the UK Market Abuse Regulation, are appended below.
This announcement includes inside information as defined in
Article 7 of the UK version of Market Abuse Regulation No. 596/2014
as it forms part of UK law as retained EU law as defined in, and by
virtue of, the European Union (Withdrawal) Act 2018, as amended,
and is disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
###
For more information, please contact:
NetScientific Via Walbrook PR
Ilian Iliev, CEO
WH Ireland (NOMAD, Financial Adviser
and Broker)
Chris Fielding / Darshan Patel +44 (0)20 7220 1666
Walbrook PR +44 (0)20 7933 8780
or netscientific@walbrookpr.com
07748 325 236 / 07884
Nick Rome / Nicholas Johnson / 664 686 / 07980 541
Paul McManus 893
The information below, set out in accordance with the
requirements of the UK Market Abuse Regulation, provides further
detail on the grant of options to PDMRs.
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 Dr Ilian Iliev
--- -------------------------------- -------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status CEO, NetScientific plc
--- -------------------------------- -------------------------------------
b) Initial notification/ Initial Notification
Amendment
--- -------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name NetScientific plc
--- -------------------------------- -------------------------------------
b) LEI 213800N5WD46G1Y7I458
--- -------------------------------- -------------------------------------
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 financial Options over Ordinary Shares
instrument, type of instrument
Identification code ISIN for NetScientific plc Ordinary
Shares: GB00BN4R5Q82
--- -------------------------------- -------------------------------------
b) Nature of the transaction Grant of options
--- -------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------------
GBP1.24 183,191 options
--------- ----------------
--- -------------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
- Aggregated total
--- -------------------------------- -------------------------------------
e) Date of the transaction 28 September 2021
--- -------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
--- -----------------------------------------------------------------------
a) Name John Clarkson
--- -------------------------------- -------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------
a) Position/status Executive Chairman, NetScientific
plc
--- -------------------------------- -------------------------------------
b) Initial notification/ Initial Notification
Amendment
--- -------------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--- -----------------------------------------------------------------------
a) Name NetScientific plc
--- -------------------------------- -------------------------------------
b) LEI 213800N5WD46G1Y7I458
--- -------------------------------- -------------------------------------
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 financial Options over Ordinary Shares
instrument, type of instrument
Identification code ISIN for NetScientific plc Ordinary
Shares: GB00BN4R5Q82
--- -------------------------------- -------------------------------------
b) Nature of the transaction Grant of options
--- -------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------------
GBP1.24 183,191 options
--------- ----------------
--- -------------------------------- -------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Aggregated price
- Aggregated total
--- -------------------------------- -------------------------------------
e) Date of the transaction 28 September 2021
--- -------------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------- -------------------------------------
About NetScientific
NetScientific plc (AIM: NSCI) is an active holding company, that
invests in, develops, commercialises and realises shareholder value
in life sciences/healthcare, sustainability and technology
companies, which offer significant growth potential predominately
in the UK and USA, as well as globally.
NetScientific delivers shareholder returns through a proactive
and hands-on management approach to their portfolio companies;
identifying, investing in, and helping to build game-changing
companies. The Group targets value inflection points and the
release of value through partial or full exits from trade sales,
public listings, or equity sales. The Company has a strong
transatlantic and growing international presence, providing
attractive expansion prospects.
NSCI uses a capital-light investment structure, utilising the
power of the PLC Brand, and the Group's balance sheet to anchor
future investments and achieve a multiplier effect by attracting
3rd party investment for the portfolio companies.
NetScientific is headquartered in London, United Kingdom, and
was admitted to trading on AIM, a market operated by the London
Stock Exchange, in 2013 (website: netscientific.net ).
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END
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