REG-Bisichi Plc: Director/PDMR Shareholding

BisichiAnnouncement

01/09/2022 14:45

Bisichi PLC

Director/PDMR Shareholding

1 September 2022

London,

FOR IMMEDIATE RELEASE

Bisichi plc
(“Bisichi” or the “Company”)

Director Option Grant and Surrender

Grant of Options

Bisichi plc announces the grant of options over ordinary shares in the Company
of 10 pence (“Options”) to the following directors of the Company, under
the Company’s Unapproved Executive Share Option Scheme 2012 (“Scheme”),
as set out below:

 Name of director  Date of grant     Number of Options  Exercise price  
 Andrew Heller     1 September 2022  380,000            352 pence       
 Garrett Casey     1 September 2022  380,000            352 pence       

The new Options are subject to the terms and conditions set out in the rules
of the Scheme, and subject to the memorandum and articles of association of
the Company. The new Options are exercisable at any time during the next 10
years from the date of grant stated above. No consideration has been paid for
the granting of the new Options.

Surrender of Options

In addition, following shareholder approval at a general meeting of the
Company on 16 June 2022, the Company announces that on 1 September 2022 it
entered into an agreement with Andrew Heller and Garrett Casey to cancel the
following Options granted in 2015 and 2018 under the Scheme:

 Name of director  Date of grant  Number of Options  Exercise price  
 Andrew Heller     18/09/2015     150,000            87.01           
 Andrew Heller     06/02/2018     150,000            73.50           
 Garrett Casey     18/09/2015     150,000            87.01           
 Garrett Casey     06/02/2018     230,000            73.50           

The Company paid each director a cash payment in consideration for cancelling
the Options listed above. The cash payment was calculated by reference to the
closing midmarket share price on 31 August 2022 less the relevant exercise
price. The aggregate consideration paid by the Company to effect the
cancellations was £1,853,270.

Grant of Options

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                                                                                               1) Andrew Heller 2) Garrett Casey                                                                     
 2.             Reason for the notification                                                                                                                                                                              
 (a)            Position/status                                                                                    1) Managing Director, Bisichi plc (PDMR) 2) Finance Director, Bisichi plc (PDMR)                      
 (b)            Initial notification/ Amendment                                                                    Initial Notification                                                                                  
 3.             Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                            
 (a)            Name                                                                                               Bisichi plc                                                                                           
 (b)            LEI                                                                                                213800RRWN6ZBPW2ZV03                                                                                  
 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                                        Options over ordinary shares of 10 pence each in the Company                                          
                Identification code                                                                                ISIN: GB0001012045                                                                                    
 (b)            Nature of the transaction                                                                          Grant of options with an exercise price of 352 pence under the Bisichi plc 2012 share option scheme.  
 (c)            Price(s) and volume (s)                                                                                                                                                                                  
 Name           Price(s)                                                                                           Volume(s)                                                                                             
 Andrew Heller  352 pence                                                                                          380,000                                                                                               
 Garrett Casey  352 pence                                                                                          380,000                                                                                               
 (d)            Aggregated information  - Aggregated volume - Price                                                As stated above.                                                                                      
 (e)            Date of the transaction                                                                            1 September 2022                                                                                      
 (f)            Place of the transaction                                                                           Outside a trading venue                                                                               

Surrender of Options

 1.             Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                 
 (a)            Name                                                                                               1) Andrew Heller 2) Garrett Casey                                                                                    
 2.             Reason for the notification                                                                                                                                                                                             
 (a)            Position/status                                                                                    1) Managing Director, Bisichi plc (PDMR) 2) Finance Director, Bisichi plc (PDMR)                                     
 (b)            Initial notification/ Amendment                                                                    Initial Notification                                                                                                 
 3.             Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                           
 (a)            Name                                                                                               Bisichi plc                                                                                                          
 (b)            LEI                                                                                                213800RRWN6ZBPW2ZV03                                                                                                 
 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                                        Options over ordinary shares of 10 pence each in the Company                                                         
                Identification code                                                                                ISIN: GB0001012045                                                                                                   
 (b)            Nature of the transaction                                                                          Surrender of 680,000 options granted by Bisichi plc under the Bisichi plc 2012 share option scheme in 2015 and 2018  
 (c)            Price(s) and volume (s)                                                                                                                                                                                                 
 Name           Price(s)                                                                                           Volume(s)                                                                                                            
 Andrew Heller  £815,235 paid to A Heller                                                                          300,000 options surrendered                                                                                          
 Garrett Casey  £1,038,035 paid to G Casey                                                                         380,000 options surrendered                                                                                          
 (d)            Aggregated information  - Aggregated volume - Price                                                Options over 680,000 ordinary shares cancelled £1,853,270 paid to A Heller and G Casey                               
 (e)            Date of the transaction                                                                            1 September 2022                                                                                                     
 (f)            Place of the transaction                                                                           Outside a trading venue                                                                                              

Garrett Casey, Company Secretary

Telephone number: 020 7415 5030

1 September 2022



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