Grant of PDMR Options
28/09/2021 06:59
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RNS Number : 1423N Instem plc 28 September 2021
Instem plc
("Instem", the "Company")
Grant of PDMR Options
Instem plc (AIM: INS), a leading provider of IT solutions to the global life
sciences market, announces that Phil Reason (Chief Executive Officer) and
Nigel Goldsmith (Chief Financial Officer) have each been granted awards of
nil-cost options over 25,000 Ordinary Shares under the Instem plc 2018 Long
Term Incentive Plan ("LTIP"). These options will ordinarily vest and become
exercisable in 2024 pursuant to the rules of the LTIP and are subject to
meeting share price targets.
After these grants of options, Mr Reason and Mr Goldsmith hold options
over a total of 208,816 and 279,531 Ordinary Shares, respectively.
For further information, please contact:
Instem plc Via Walbrook
Phil Reason, CEO
Nigel Goldsmith, CFO
Singer Capital Markets (Nominated Adviser & Broker) +44 (0) 20 7496 3000
Peter Steel, Alex Bond, Daniel Dearden-Williams (Corporate Finance)
Rachel Hayes (Corporate Broking)
Walbrook Financial PR +44 (0) 20 7933 8780
Tom Cooper iinstem@walbrookpr.com (mailto:iinstem@walbrookpr.com)
Nick Rome
Nicholas Johnson
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Phil Reason
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Instem plc
b) LEI 213800PILYUFNNROQX68
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 Grant of nil cost options under the Company's LTIP
Identification code GB00B3TQCK30
b) Nature of the transaction Grant of nil cost options under the Company's LTIP
c) Price(s) and volume(s)
Price Volume(s)
Nil 25,000
d) Aggregated information
- Aggregated volume N/A - Single transaction
- Price
e) Date of the transaction 27 September 2021
f) Place of the transaction Off-market transaction
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nigel Goldsmith
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Instem plc
b) LEI 213800PILYUFNNROQX68
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 10p each
Identification code GB00B3TQCK30
b) Nature of the transaction Grant of nil cost options under the Company's LTIP
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 25,000
d) Aggregated information N/A - Single Transaction
- Aggregated volume
- Price
e) Date of the transaction 27 September 2021
f) Place of the transaction Off-market transaction
About Instem
Instem is a leading provider of IT solutions & services to the life
sciences market delivering compelling solutions for Study Management,
Regulatory Submissions, Clinical Trial Acceleration and Informatics-based
Insight Generation.
Instem solutions are in use by over 700 customers worldwide, including all the
largest 25 pharmaceutical companies, enabling clients to bring life enhancing
products to market faster. Instem's portfolio of software solutions increases
client productivity by automating study-related processes while offering the
unique ability to generate new knowledge through the extraction and
harmonisation of actionable scientific information.
Instem products and services address aspects of the entire drug development
value chain, from discovery through to market launch. Management estimate that
over 50% of all drugs on the market have been through some part of Instem's
platform at some stage of their development.
To learn more about Instem solutions and its mission, please
visit www.instem.com (http://www.instem.com/)
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