REG - Allergy Therapeutics - Grant of Options

Allergy TherapeuticsAnnouncement

14/02/2025 07:15

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RNS Number : 0936X  Allergy Therapeutics PLC  14 February 2025

 

 

Allergy Therapeutics plc

("Allergy Therapeutics" or "the Group")

 

 

Grant of Options

 

 

14 February 2025 Allergy Therapeutics (AIM: AGY), the fully integrated
commercial biotechnology company specialising in allergy vaccines, announces
that on 13 February 2025 it granted share option awards to key members of
Allergy Therapeutics' management team including certain of its persons
discharging managerial responsibilities ("PDMRs").

 

The Board has granted options to encourage long-term value creation for the
Company's shareholders, and so that the individuals identified as key people
to lead the business into the future are appropriately incentivised in a
manner that aligns with the interests of the Group's stakeholders.

Vesting is conditional on the satisfaction of performance criteria over a
three year period. The vesting of any share options is subject to a share
price threshold. So long as this share price threshold is exceeded, vesting of
70 per cent. of the award is subject to EBITDA performance and vesting of 30
per cent. of the award is subject to regulatory performance targets.

The following awards have been made in accordance with the Group LTIP:

 

 Name           Title                    Number of share options granted  Resultant  number of share options held   Performance period              Vesting Date  Exercise price  Number of  Ordinary Shares held
 Manuel Llobet  Chief Executive Officer  7,517,637                        17,168,300                                3 years commencing 1 July 2024  30 June 2027  £0.001          5,001,200
 Shaun Furlong  Chief Financial Officer  3,405,573                        7,215,097                                 3 years commencing 1 July 2024  30 June 2027  £0.001          1,507

 

The number of Ordinary Shares stated above is the maximum number that could be
issued to each PDMR upon full satisfaction of the performance conditions
attached to the awards.

 

The Group's Remuneration Committee will review the performance conditions at
periodic intervals to ensure they remain appropriate. As a result of any such
review, the Committee will retain discretion to amend the conditions where
appropriate having regard to overall Company performance and wider stakeholder
experience.

 

This announcement contains inside information for the purposes of the retained
UK version of the EU Market Abuse Regulation (EU) 596/2014 ("UK MAR").

 

- ENDS -

 

For further information, please contact:

 

Allergy Therapeutics

Manuel Llobet, Chief Executive Officer

Shaun Furlong, Chief Financial Officer

+44 (0)1903 845 820

 

Cavendish Capital Markets Limited (Nominated Adviser and Broker)

Geoff Nash/Giles Balleny/Seamus Fricker/Rory Sale

Nigel Birks/Tamar Cranford Smith - Sales

+44 (0)20 7220 0500

 

ICR Healthcare

Mary-Jane Elliott / David Daley / Davide Salvi

+44 (0)20 3709 5700

allergytherapeutics@icrhealthcare.com
(mailto:allergytherapeutics@icrhealthcare.com)

 

 

Notes for editors:

 

About Allergy Therapeutics

Allergy Therapeutics is an international commercial biotechnology company,
headquartered in the UK, focussed on the treatment and diagnosis of allergic
disorders, including aluminium free immunotherapy vaccines that have the
potential to cure disease. The Group sells proprietary and third-party
products from its subsidiaries in nine major European countries and via
distribution agreements in an additional ten countries. Its broad pipeline of
products in clinical development includes vaccines for grass, tree, house dust
mite and peanut. For more information, please see www.allergytherapeutics.com
(http://www.allergytherapeutics.com) .

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulations

 1   Details of the persons discharging managerial responsibilities / person
     closely associated
 a)  Name                                                         Manuel Llobet
 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)  Name                                                         Allergy Therapeutics plc
 b)  LEI                                                          213800PQ7AHK7KGVOE23
 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 instrument, type of instrument  Ordinary shares of 0.1 pence each

     Identification code                                          GB00B02LCQ05
 b)  Nature of the transaction                                    Grant of options
 c)  Price(s) and volume(s)                                       Exercise Price per share  Volume

                                                                  £0.001                    7,517,637

 d)  Aggregated information                                       See 4c) above

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      06 February 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

See 4c) above

e)

Date of the transaction

06 February 2025

f)

Place of the transaction

Outside a trading venue

 

 

 1   Details of the persons discharging managerial responsibilities / person
     closely associated
 a)  Name                                                         Shaun Furlong
 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)  Name                                                         Allergy Therapeutics plc
 b)  LEI                                                          213800PQ7AHK7KGVOE23
 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 instrument, type of instrument  Ordinary shares of 0.1 pence each

     Identification code                                          GB00B02LCQ05
 b)  Nature of the transaction                                    Grant of options
 c)  Price(s) and volume(s)                                       Exercise Price per share  Volume

                                                                  £0.001                    3,405,573

 d)  Aggregated information                                       See 4c) above

     - Aggregated volume

     - Price
 e)  Date of the transaction                                      06 February 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

See 4c) above

e)

Date of the transaction

06 February 2025

f)

Place of the transaction

Outside a trading venue

 

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