REG - Trellus Health PLC - Grant of Share Options

Trellus HealthAnnouncement

05/03/2024 07:15

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RNS Number : 5488F  Trellus Health PLC  05 March 2024

 

Trellus Health plc

("Trellus Health" or the "Company")

 

Grant of Share Options

 

LONDON, U.K. AND NEW YORK, U.S. (5 March 2024). Trellus Health plc (AIM:
TRLS), a health services company delivering innovative, scientifically
validated programs and technologies that facilitate the comprehensive
management of chronic conditions, improving health outcomes whilst managing
costs of care, announces that the Board has granted options over a total of
2,000,000 ordinary shares of £0.0006 each in the capital of the Company (the
"Share Options") to the following PDMRs:

 

 Name            Position                                Options granted

 Marla Dubinsky  Chief Executive Officer                 500,000
 Joy Bessenger   Chief Financial Officer (non-Director)  1,500,000

 

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.

 

Both of these options would 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, save that the option shall be exercisable in full in
connection with a Change of Control.

 

For further information please contact:

 

 Trellus Health plc                                                           https://trellushealth.com/ (https://trellushealth.com/)
 Dr. Marla Dubinsky, CEO and Co-Founder                                       Via Walbrook PR
 Dr. Daniel Mahony, Chairman

 Singer Capital Markets (Nominated Adviser and Broker)                        Tel: +44 (0)20 7496 3000
 Aubrey Powell / Jen Boorer

 Walbrook PR                                  Tel: +44 (0)20 7933 8780 or trellus@walbrookpr.com
                                              (mailto:trellus@walbrookpr.com)
 Paul McManus / Sam Allen / Phillip Marriage  Mob: +44 (0)7980 541 893 / (0)7502 558 258/ (0)7867 984 082

 

This announcement contains inside information for the purposes of the retained
UK version of the EU Market Abuse Regulation (EU) 596/2014 ("UK MAR").

 

About Trellus Health plc (www.trellushealth.com (http://www.trellushealth.com)
)

Trellus Health (AIM: TRLS) is the first clinically-proven digital health
company targeting the intersection of chronic illness and mental health.
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 experience that
empowers individuals to master their health and results in relieving disease
burden, building self-management skills and promoting positive health
behaviours that improve outcomes and enables thriving in the face of a chronic
condition.

 

The Company's proven whole person approach recognizes the interconnectedness
of various aspects of a person's life and aims to address the whole spectrum
of factors that influence behaviour. By looking at all aspects of an
individual, the Company not only treats symptoms but promotes comprehensive
well-being and human flourishing. Trellus Health addresses behavior change
with a combination of technology, interventions, education, and support
mechanisms designed to empower individuals to take an active role in managing
and mastering their health and sustain positive lifestyle modifications and
resilient health-related behaviours. By bringing these components together,
Trellus Elevate™ promotes positive change in individual behaviours and
enhancing provider quality metrics in a way that aligns with value-based care.
Our approach enables better health outcomes in a member-centric, personalized
and holistic comprehensive solution.

 

The Company was founded by Mount Sinai faculty members Marla C. Dubinsky, MD
and Laurie Keefer, PhD, both experts at treating and healing both the physical
and emotional impacts of IBD and IBS and have been innovators for whole person
healthcare for a combined 50 years.

 

The Company is initially focusing on chronic costly GI conditions that have
high mental health burden, like inflammatory bowel disease ("IBD") which
includes the chronic incurable conditions of Crohn's Disease and ulcerative
colitis and Irritable Bowel Syndrome ("IBS"). Given the common emotional and
mental health struggles often experienced by individuals suffering from a
variety of chronic conditions, Trellus Health considers its approach to be
agnostic, having potential utility and demand across many conditions.

 

The Trellus Elevate™ program incorporates the GRITT™ methodology and
learnings on resilience from clinical research and practice conducted at the
Mount Sinai IBD Center for more than seven years. This proprietary,
resilience-driven methodology has been scientifically validated to demonstrate
meaningful improvements in patient outcomes, 71% reduction in Emergency
Department (A&E) visits, and 94% reduction in unplanned hospitalisations,
which the directors of the Company believe indicates the potential for
significant cost savings for healthcare payers and health systems. Patients
with IBD managed with the proprietary resilience methodology also experienced
a 49% reduction in required opioid use and a 73% reduction in corticosteroid
use 12 months following starting the program which is a major indicator of
improved health outcomes(1.)

 

Shares in Trellus Health were admitted to trading on AIM in May 2021, under
the ticker TRLS. For more information on Trellus Health, visit:
www.trellushealth.com (http://www.trellushealth.com)

 

(1) Source:
https://www.sciencedirect.com/science/article/pii/S1542356521012258
(https://www.sciencedirect.com/science/article/pii/S1542356521012258) )

 

 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             500,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      4 March 2024

 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             1,500,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price                                                      N/A

 e)   Date of the transaction                                      4 March 2024

 f)   Place of the transaction                                     Outside of trading venue - off market

 

 

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