REG - Venture Life Group - PDMR Shareholdings – Grant of Awards

Venture LifeAnnouncement

05/07/2023 07:00

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RNS Number : 9680E  Venture Life Group PLC  05 July 2023

Venture Life Group Plc

("Venture Life" or the "Company")

PDMR Shareholdings - Grant of Awards

 

Venture Life Group plc (AIM: VLG), a leader in developing, manufacturing and
commercialising products for the international self-care market, announces
that, pursuant to the Company's 2023 Long Term Incentive Plan ("LTIP"), it has
granted options to subscribe for an aggregate of 3,000,000 ordinary shares of
0.3p each in the capital of the Company (the "Options") to the Company's
Executive Directors, as follows:

 Director          Number of Options granted  Exercise Price
 Jerry Randall     1,000,000                  38.10 pence
 Daniel Wells      1,000,000                  38.10 pence
 Gianluca Braguti  1,000,000                  38.10 pence

The Options (which are subject to malus and clawback provisions) will vest
after three years following publication of the Company's annual results for
2025 and will be exercisable within 7 years of vesting.  Vesting is
conditional on the achievement of certain performance criteria which include a
total shareholder return and earnings per share measurement.

The grant of the Options constitutes a related party transaction for the
purposes of AIM Rule 13. The independent directors consider, having consulted
with the Company's nominated adviser, that the terms of the transaction are
fair and reasonable insofar as its shareholders are concerned.

 

Further detail is provided below in accordance with Article 19.3 of the EU
Market Abuse Regulation.

 

For further information, please contact:

 

 Venture Life Group PLC                                                        +44 (0) 1344 578004
 Jerry Randall, Chief Executive Officer

 Daniel Wells, Chief Financial Officer

 Cenkos Securities plc (Nomad and Broker)                                      +44 (0) 20 7397 8900
 Stephen Keys / Camilla Hume
 Russell Kerr / Michael Johnson (Sales)

 Singer Capital Markets (Joint Broker)                                         +44 (0) 20 7496 3000

 Shaun Dobson / Alaina Wong  (Corporate Finance)

 Jonathan Dighe (Sales)

 

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Jerry Randall

 2    Reason for the notification

 a)   Position/status                                              Chief Executive

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Venture Life Group plc

 b)   LEI                                                          213800S8CZUPLAB2KC70

 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 0.3p each

      Identification code

                                                                   ISIN: GB00BFPM8908

 b)   Nature of the transaction                                    Grant of options

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

                                                            38.10 pence  1,000,000

 c)

 d)   Aggregated information                                       n/a - see above

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      5 July 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

n/a - see above

 

 

 

e)

 

Date of the transaction

 

5 July 2023

f)

 

Place of the transaction

 

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Daniel Wells

 2    Reason for the notification

 a)   Position/status                                              Chief Finance Officer

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Venture Life Group plc

 b)   LEI                                                          213800S8CZUPLAB2KC70

 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 0.3p each

      Identification code

                                                                   ISIN: GB00BFPM8908

 b)   Nature of the transaction                                    Grant of options

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

                                                            38.10 pence  1,000,000

 c)

 d)   Aggregated information

      - Aggregated volume                                          n/a - see above

      - Price
 e)   Date of the transaction                                      5 July 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

n/a - see above

 

 

 

e)

 

Date of the transaction

 

5 July 2023

f)

 

Place of the transaction

 

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Gianluca Braguti

 2    Reason for the notification

 a)   Position/status                                              Chief Manufacturing Officer

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Venture Life Group plc

 b)   LEI                                                          213800S8CZUPLAB2KC70

 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 0.3p each

      Identification code

                                                                   ISIN: GB00BFPM8908

 b)   Nature of the transaction                                    Grant of options

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

                                                            38.10 pence  1,000,000

 c)

 d)   Aggregated information

      - Aggregated volume                                          n/a - see above

      - Price
 e)   Date of the transaction                                      5 July 2023

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

n/a - see above

 

 

 

e)

 

Date of the transaction

 

5 July 2023

f)

 

Place of the transaction

 

Outside a trading venue

 

 

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