REG - Eden Research plc - Grant of Awards under Long-Term Incentive Plan

Eden ResearchAnnouncement

31/08/2023 18:30

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RNS Number : 0270L  Eden Research plc  31 August 2023

31 August 2023

 

Eden Research plc

 

("Eden" or "the Company")

 

Grant of Awards under Long-Term Incentive Plan

 

Eden Research plc (AIM: EDEN), the AIM-quoted company focused on sustainable
biopesticides and plastic-free formulation technology for use in global crop
protection, animal health and consumer products industries, confirms the grant
of options under the Company's Long Term Incentive Plan ("LTIP") to Sean
Smith, Chief Executive Officer, and Alex Abrey, Chief Finance Officer
(together the "Executives"), as follows:

 

The Company has made a grant to the Executives, in respect of 2022 in order to
ensure continuity of long term incentive, of options over 8,698,909 new
Ordinary Shares in Eden ("the Options"), at a strike price of 5.05p each,
being the 2022 Volume Weighted Average Price, in the amounts of 4,968,000
awarded to Sean Smith and 3,730,909 awarded to Alex Abrey.

 

The Options expire on 31 August 2027 and vest as follows:

 

1/3 upon grant

1/3 12 months from the date of grant

1/3 24 months from the date of grant

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation, provide further detail.

 

Separately, the Board has agreed that it will extend the exercise date to 31
December 2023 for the 3,500,000 options (2,000,000 awarded to Sean Smith and
1,500,000 awarded to Alex Abrey) with a strike price of 6p which were granted
to the Executives in April 2021 under the Company's LTIP and which were due to
expire on 30 June 2023.

 

The extension has been agreed to due to the unusually long closed period that
the Executives were placed in prior to the options' expiration date.

 

 

For further information contact:

 

 Eden Research plc                                     www.edenresearch.com (http://www.edenresearch.com/)
 Sean Smith                                            01285 359 555

Alex Abrey

 Cenkos Securities plc (Nominated advisor and broker)
 Giles Balleny / Max Gould (corporate finance)         020 7397 8900

Michael Johnson (sales)

 Hawthorn Advisors (Financial PR)
 Simon Woods                                           eden@hawthornadvisors.com (mailto:eden@hawthornadvisors.com)

 Felix Meston

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Sean Smith

 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                                                         Eden Research plc

 b)   LEI                                                          213800ZWTYTVQQSM3J85

 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 1 pence each

      Identification code

                                                                   GB0001646941
 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   5.05p     4,968,000
 d)   Aggregated information

      - Aggregated volume

      - Price                                                      N/A

 e)   Date of the transaction                                      31 August 2023

 f)   Place of the transaction                                     Outside of trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 

N/A

e)

 

Date of the transaction

 

31 August 2023

f)

 

Place of the transaction

 

Outside of trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Alex Abrey

 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                                                         Eden Research plc

 b)   LEI                                                          213800ZWTYTVQQSM3J85

 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 1 pence each

      Identification code

                                                                   GB0001646941
 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   5.05p     3,730,909
 d)   Aggregated information

      - Aggregated volume

      - Price                                                      N/A

 e)   Date of the transaction                                      31 August 2023

 f)   Place of the transaction                                     Outside of trading venue

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 

N/A

e)

 

Date of the transaction

 

31 August 2023

f)

 

Place of the transaction

 

Outside of trading venue

 

 

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