3i Group PLC

Director's Dealing • Apr 20, 2017

National Storage Mechanism | Additional information

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RNS Number : 7731C

LiDCO Group Plc

20 April 2017

LiDCO Group Plc

("LiDCO" or the "Company")

Award of share options/director dealing

LiDCO (AIM: LID), the hemodynamic monitoring company, announces that the Board has yesterday, 19th April 2017,  finalised a grant of options ("Options")  to Mr Sassone, CEO,  to subscribe for new ordinary shares of 0.5p each ("Ordinary Shares"). 

	Option type	Number of shares over which options granted	Total number of options held post grant	Percentage of issued share capital under option
Matt Sassone	EMI	3,448,262	3,448,262	1.4%
	Unapproved	3,147,342	3,147,342	1.3%
Total		6,595,604	6,595,604	2.7%

The above Options vest and may be exercised from between fourteen months and three years from grant if certain share price hurdles are met. The Options are exercisable over a range of periods at 0.5 pence per Ordinary Share, subject to the Company's share price averaging above a number of hurdle rates. Expiry dates range from April 2022 to June 2025. The hurdle rates were in part set with regard to the placing price of 6p in December 2016 and are between 8p and 15p. Full details are given in the Company's report and accounts (Directors' remuneration report) which are available on the Company's website.

Simultaneous with this grant, 4,395,604 options have lapsed and been cancelled. The total number of shares under option following these grants is therefore 14,990,087 representing 6.1% of the issued share capital.

The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Matt Sassone

2.

Reason for the notification

a)

Position/status:

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:

LiDCO Group Plc

b)

LEI:

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 0.5p nominal

GB0030546849

b)

Nature of the transaction:

Grant of Management Share Options

c)

Price(s) and volume(s):

Price(s)	Volume(s)
0.5p	6,595,604

d)

Aggregated information:

·     Aggregated volume:

·     Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
0.5p	6,595,604

e)

Date of the transaction:

19/04/17

f)

Place of the transaction:

London Stock Exchange, AIM (XLON)

For further information, please contact:

LiDCO Group Plc	www.lidco.com
Matt Sassone (CEO)	Tel: +44 (0)20 7749 1500
finnCap	Tel: +44 (0)20 7600 1658
Geoff Nash / Emily Watts (Corporate Finance)
Stephen Norcross (Corporate Broking)
Walbrook PR Ltd	Tel: 020 7933 8780 or lidco@walbrookpr.com
Anna Dunphy	Mob: 07876 741 001
Lianne Cawthorne	Mob: 07584 391 303

This information is provided by RNS

The company news service from the London Stock Exchange

END

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