RNS Number : 9058F
Trellus Health PLC
23 April 2025
Trellus Health plc
("Trellus Health", the "Company" or the "Group")
Grant of Share Options
LONDON, U.K. AND NEW YORK, U.S. (23 April 2025). Trellus Health® plc (AIM: TRLS), a healthcare company delivering Trellus Elevate®, a digital platform that integrates data analytics with personalised, scientifically proven resilience programs and value-based solutions to manage complex chronic conditions, announces that the Board has granted options over a total of 1,000,000 ordinary shares of £0.0006 each in the capital of the Company (the "Share Options") to the following PDMRs:
Name
Position
Options granted
Total Options Held Post Issue
MarlaDubinsky
Chief Executive Officer
500,000
1,000,000
Joy Bessenger
Chief Financial Officer (non-Director)
500,000
2,000,000
The Share Options, which have been issued in line with the Company's existing share option plan, have an exercise price of 14p per ordinary share.
The Share Options vest and become exercisable as to one third in 12 months of the grant date and in eight (8) equal quarterly instalments thereafter, of which the first instalment shall vest three months after the first anniversary of the grant date and the eighth shall vest 36 months after the grant date
For further information please contact:
Trellus Health plc
https://trellushealth.com/
Dr. Marla Dubinsky, Chief Executive Officer and Co-Founder
Via Walbrook PR
Joy Bessenger, Chief Financial Officer
Singer Capital Markets (Nominated Adviser and Broker)
About Trellus Health plc (www.trellushealth.com)
Trellus Health® (AIM: TRLS) is a healthcare company providing value-based innovative solutions and services, helping people with chronic conditions take control of their health through a proven, scientifically validated self-management solution and continuous, personalised support. Trellus Health's approach empowers patients to better navigate the emotional and physical challenges of their conditions, leading to significant cost savings, enhanced treatment adherence, and long-term, sustainable health outcomes.
Trellus Health integrates its proprietary resilience-based methodology with the technology, tools, and expert coaching and educator team to deliver Trellus Elevate®, a whole-person technology-enhanced condition management platform. The Company is initially focusing on chronic costly GI conditions that have a high mental health burden, such as Inflammatory Bowel Disease (IBD). Among IBD patients, applying Trellus Elevate resulted in over 90% fewer hospitalisations and a reduction of over 70% in emergency room visits. Given the common emotional and mental health struggles associated with a variety of chronic conditions, Trellus Health considers its approach to have potential utility and demand across many conditions.
Trellus Health also offers a seamless solution for pharmaceutical partners from clinical trials to commercialisation, harnessing resilience-based methods to drive both trial and patient support success by empowering patients to stay engaged, adhere to their treatment, and manage their health confidently.
The Company was founded by Mount Sinai faculty members Marla C. Dubinsky, MD and Laurie Keefer, PhD, both world-leading experts at treating and healing both the physical and emotional impacts of IBD and have been innovators for whole-person healthcare for a combined 50 years.
Shares in Trellus Health were admitted to trading on AIM in May 2021, under the ticker TRLS. For more information, visit: www.trellushealth.com
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Marla Dubinsky
2
Reason for the notification
a)
Position/status
Chief Executive Officer (Director)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Trellus Health plc
b)
LEI
2138002FHWJSR8YKP295
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 £0.0006 each in the Company
Identification code
GB00BNNFM402
b)
Nature of the transaction
Grant of options over shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.14 exercise price
500,000
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
23 April 2025
f)
Place of the transaction
Outside of trading venue - off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Joy Bessenger
2
Reason for the notification
a)
Position/status
Chief Financial Officer (Not a director)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Trellus Health plc
b)
LEI
2138002FHWJSR8YKP295
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 £0.0006 each in the Company
Identification code
GB00BNNFM402
b)
Nature of the transaction
Grant of options over shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.14 exercise price
500,000
d)
Aggregated information
- Aggregated volume
N/A
- Price
N/A
e)
Date of the transaction
23 April 2025
f)
Place of the transaction
Outside of trading venue - off market
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