Grant of Share Options
17/08/2022 07:00
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RNS Number : 2337W Cellular Goods PLC 17 August 2022
Press release
17 August 2022
Cellular Goods PLC
('Cellular Goods' or 'the Company')
Grant of Share Options
Cellular Goods (LSE: CBX), a UK-based wellness company providing premium
consumer products formulated with lab-produced cannabinoids, announces that
the Board has granted an award of a total of 2,350,000 ordinary shares of
£0.001 each in the Company ("Options") to the following individuals.
Nikhil Vijayan, Chief Supply Chain Officer, who joined the Company in March
2022, has been granted Options over 2,000,000 ordinary shares with the Options
priced at 6.35p per ordinary share. Philippa Bealey, Marketing Director, who
joined the Company in June 2022, has been granted Options over 350,000
ordinary shares with the Options priced at 4.1p per ordinary share.
The exercise prices were determined based on the spot price for Cellular
Goods' shares at the time Mr Vijayan and Ms Bealey accepted their respective
employment offers. The Options will vest over three years, with a one-year
cliff, so that 12/36(th) of the shares vest on the one-year anniversary of the
start date, and thereafter 1/36(th) of the shares vest each month, so that
100% of the shares will have vested three years from the start date.
The grant of the Options is designed to motivate and retain Mr Vijayan and Ms
Bealey as key employees of the Company and align their interests with those of
the Company's shareholders.
For further information please contact:
Cellular Goods
Anna Chokina via Tancredi +44 207 887 7633
Chief Executive
Investor Relations ir@cellular-goods.com
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
Novum Securities
Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
Tancredi Intelligent Communication
Media Relations
Helen Humphrey +44 744 922 6720
Gabriela Amaya Garcia +44 791 503 5294
Charlie Hobbs +44 789 755 7112
cellulargoods@tancredigroup.com (mailto:cellulargoods@tancredigroup.com)
Note to editors
About Cellular Goods PLC:
Cellular Goods is a UK-based wellness company that provides premium products
based on lab-made cannabinoids. It was established in August 2018 to develop
efficacy-led and research-backed cannabinoid-powered wellness products. The
initial focus is on three product verticals: Function Better, Feel Better and
Look Better. These three verticals encompass Cellular Goods' premium CBG
skincare and CBD ingestible and topical athletic recovery products, with the
first products launched in December 2021. The Company's shares are listed on
the main market of the London Stock Exchange. www.cellular-goods.com
(http://www.cellular-goods.com)
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