AI Terminal
ALLIANCE PHARMA PLC
Remuneration Information • Oct 1, 2021
7478_rns_2021-10-01_c4b09cce-a169-4a46-abbf-82a853d1fc64.html
Remuneration Information
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 6451N
Alliance Pharma PLC
01 October 2021
| For immediate release | 1 October 2021 |
ALLIANCE PHARMA PLC
("Alliance" or the "Company")
Grant of Options to Directors
Alliance Pharma plc (AIM: APH), the international healthcare group, announces that the Board has issued options over an aggregate of 565,776 ordinary shares of 1 pence each in the Company, on the recommendation of the Company's Remuneration Committee, to the PDMRs detailed below.
Peter Butterfield, Chief Executive Officer, has been awarded 29,182 approved and 139,943 unapproved share options under the Company's 2015 Share Option Plan; and, 180,970 share options have been granted pursuant to the Company's Long-Term Incentive Plan 2019.
Andrew Franklin, Chief Financial Officer, has been awarded 115,000 unapproved share options under the Company's 2015 Share Option Plan; and, 100,681 share options have been granted pursuant to the Company's Long-Term Incentive Plan 2019.
The share options awarded under the 2015 Company Share Option Plan have all been granted with an exercise price of 102.8p, being the closing mid-market price on 28th of September 2021, and become exercisable on 29th of September 2024, being the third anniversary of the date of the grant. The awards granted under the 2019 Long Term Incentive Plan have been granted at nil-cost and also become exercisable on 29th of September 2024.
The vesting of these awards is subject to continued employment and the satisfaction of performance conditions based on EPS and TSR targets.
The net effect of the grant of Share Options and the resultant option holdings are shown in the table below:
| Name | Share Options granted | Total no. of options over ordinary shares now held |
| Peter Butterfield | 350,095 | 3,345,548 |
| Andrew Franklin | 215,681 | 2,069,192 |
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by person discharging managerial responsibilities.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Mr Peter Butterfield | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Executive Officer - PDMR | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alliance Pharma plc | |
| b) | Legal Entity Identifier | N/A | |
| 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 1.0 pence each ISIN: GB0031030819 |
|
| b) | Nature of the transaction | Grant of Options | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Exercise Price (p) | No. of share options |
| 102.8p | 169,125 | ||
| Nil | 180,970 | ||
| e) | Aggregated information - Aggregated volume - Price - Aggregated total |
Grant of 169,125 options to acquire shares of 1p each at £1.028 per share at an aggregate exercise value of £173,860.50. Grant of 180,970 options to acquire ordinary shares of 1 pence each at nil-cost. |
|
| f) | Date of the transaction | 29 September 2021 | |
| g) | Place of the transaction | Outside of trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Mr Andrew Franklin | |
| 2 | Reason for the notification | ||
| a) | Position/status | Chief Financial Officer - PDMR | |
| b) | Initial notification /Amendment | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
| a) | Name | Alliance Pharma plc | |
| b) | Legal Entity Identifier | N/A | |
| 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 1.0 pence each ISIN: GB0031030819 |
|
| b) | Nature of the transaction | Grant of Options | |
| c) | Currency | GBP | |
| d) | Price(s) and volume(s) | Exercise Price (p) | No. of share options |
| 102.8p | 115,000 | ||
| Nil | 100,681 | ||
| e) | Aggregated information - Aggregated volume - Price - Aggregated total |
Grant of 115,000 options to acquire shares of 1 pence each at £1.028 per share at an aggregate exercise value of £118,220. Grant of 100,681 options to acquire ordinary shares of 1 pence each at nil-cost. |
|
| f) | Date of the transaction | 29 September 2021 | |
| g) | Place of the transaction | Outside of trading venue |
For further information:
| Alliance Pharma plc | + 44 (0)1249 466966 |
| Peter Butterfield, Chief Executive Officer | |
| Andrew Franklin, Chief Financial Officer | |
| www.alliancepharma.co.uk | |
| Buchanan | + 44 (0)20 7466 5000 |
| Mark Court / Sophie Wills / Hannah Ratcliff | |
| Numis Securities Limited | + 44 (0)20 7260 1000 |
| Nominated Adviser: Freddie Barnfield / Duncan Monteith | |
| Corporate Broking: James Black |
| Investec Bank plc | + 44 (0) 20 7597 5970 |
| Corporate Finance: Daniel Adams | |
| Corporate Broking: Patrick Robb |
About Alliance
Alliance Pharma plc (AIM: APH) is an international healthcare group. Our purpose is to improve the lives of consumers and patients through making available a range of clinically valuable healthcare products.
Our core focus is on the marketing of Consumer Healthcare brands, complemented by a smaller Prescription Medicines business. In total, we hold marketing rights to around 80 brands, with revenues generated from a mix of direct, distributor and e-commerce sales.
Headquartered in the UK, the Group employs around 250 people based in locations across Europe, North America, and the Asia Pacific region. By outsourcing our manufacturing and logistics operations, we remain asset-light and focused on maximising the value of our brands.
For more information on Alliance, please visit our website: www.alliancepharmaceuticals.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCVBLFXFKLLBBE