IMMUPHARMA PLC ImmuPharma PLC (LSE:IMM), the specialist drug discovery and development company, announces the grant of share options as follows.
The Remuneration Committee (comprising the Non Executive Directors) has determined to award Share Options to the Executive Directors with exercise prices and conditions which reflect the underlying objective of restoring and enhancing shareholder value as follows:
Tim McCarthy 1,800,000 share options (exercise price £0.05)
Tim McCarthy 1,800,000 share options (exercise price £0.11)
Tim Franklin 1,575,000 share options (exercise price £0.05)
Tim Franklin 1,575,000 share options (exercice price £0.11)
Vesting & Performance conditions:
- 3 year vesting period; and
- 1st patient dosed in the next P140 (Lupuzor™) clinical trial.
ImmuPharma's LEI (Legal Entity Identifier) code : 213800VZKGHXC7VUS895.
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Tim McCarthy | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chairman and 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 | ImmuPharma PLC | |
| b) | LEI | 213800VZKGHXC7VUS895 | |
| 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
Identification code |
Ordinary Shares of 1p each ISIN: GB0033711010 | |
| b) | Nature of the transaction | Grant of share options over new Ordinary Shares | |
| c) | Price(s) and volume(s) | Exercise Price | Volume |
| 5 pence | 1,800,000 | ||
| 11 pence | 1,800,000 | ||
| d) |
Aggregated information
- Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 22 December 2022 | |
| f) | Place of the transaction | n/a |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Tim Franklin | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Operating Officer | |
| b) | Initial notification /Amendment | Initial notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | ImmuPharma PLC | |
| b) | LEI | 213800VZKGHXC7VUS895 | |
| 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
Identification code |
Ordinary Shares of 1p each ISIN: GB0033711010 | |
| b) | Nature of the transaction | Grant of share options over new Ordinary Shares | |
| c) | Price(s) and volume(s) | Exercise Price | Volume |
| 5 pence | 1,575,000 | ||
| 11 pence | 1,575,000 | ||
| d) |
Aggregated information
- Aggregated volume - Price | N/A | |
| e) | Date of the transaction | 22 December 2022 | |
| f) | Place of the transaction | n/a |
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Disclaimer
Immupharma plc published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 12:42:07 UTC.
