VENTURE LIFE GROUP PLC

Remuneration Information • Mar 26, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8401I

Venture Life Group PLC

26 March 2018

Venture Life Group plc

("Venture Life" or the "Company")

2018 Long Term Incentive Plan and Grant of Options to PDMRs

Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market, announces that it has granted further nominal-cost share options ("Options") over ordinary shares of 0.3p each in Venture Life ("Shares") under the Venture Life Group plc 2016 Long Term Incentive Plan ("LTIP"). 

On 23 March 2018 (the "Date of Grant"), Venture Life granted Options over a total of 1,358,806 Shares to its four Executive Directors.  Vesting of the Options is subject to continued employment and the Company meeting objective performance conditions, namely the Company's Earnings Per Share ("EPS") performance and relative Total Shareholder Return (share price performance plus dividends added back, "TSR").  Half of the Options granted are subject to EPS performance and half subject to TSR performance.

This tranche of 1,358,806 Options will vest on 23 March 2021, subject to meeting the performance conditions set for the Company's EPS over the three financial years ending 31 December 2020 and TSR for the three years commencing 23 March 2018.  The Options are exercisable at a price of 0.3p per Share.

Director	Position	No. of LTIPS in this issue	No. of LTIPS lapsed	Total number of shares held under option
Jerry Randall	Chief Executive Officer	448,548	(203,390)	2,436,252
Gianluca Braguti	Manufacturing Director	360,650	(153,971)	863,124
Sharon Collins	Commercial Director	299,032	(135,593)	2,074,575
Adrian Crockett	Chief Financial Officer	250,576	0	416,101
		1,358,806	(492,954)	5,790,052

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

The lapsed options relate to options issued in 2015 that have now lapsed as the performance conditions attached to them were not met.

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)	Names	Jerry Randall - Chief Executive Officer Gianluca Braguti - Manufacturing Director Sharon Collins - Commercial Director Adrian Crockett - Chief Financial Officer
2	Reason for the notification
a)	Position/status	See 1(a) above for positions - all classified as PDMRs of Venture Life
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Venture Life Group plc
b)	LEI
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 in Venture Life Group plc
b)	Identification code	GB00BFPM8908
c)	Nature of the transaction	Grant of Options over Ordinary Shares pursuant to the Venture Life Group plc 2017 Long Term Incentive Plan
d)	Price and volumes	Price - nil Volumes: Jerry Randall - 448,548 Ordinary Shares Gianluca Braguti - 360,650 Ordinary Shares Sharon Collins -  299,032 Ordinary Shares Adrian Crockett - 250,576 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price	N/a
e)	Date of the transaction	23 March 2017
f)	Place of the transaction	Outside a trading venue

Name of authorised official of issuer responsible for making notification.

Peter Shepherd

Company Secretary to Venture Life Group plc

For further information please contact:

Venture Life Group PLC		+44 (0) 1344 578 004
Jerry Randall, Chief Executive Officer
Adrian Crockett, Chief Financial Officer
Northland Capital Partners Limited (Nominated Adviser and Joint Broker)		+44 (0) 20 3861 6625
Matthew Johnson/Edward Hutton (Corporate Finance)
Bob Pountney (Corporate Broking)
Turner Pope Investments (TPI) Ltd (Joint Broker)		+44 (0) 20 3621 4120
Andy Thacker
Walbrook PR	venturelife@walbrookpr.com or +44 (0) 20 7933 8780
Paul McManus/Anna Dunphy	+44 (0) 7980 541 893 / +44 (0) 7876 741 001

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHZMGZFNKZGRZM