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PHYSIOMICS PLC Remuneration Information 2021
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 8595Q
Physiomics PLC
02 March 2021
2 March 2021
Physiomics plc
("Physiomics") or (the "Company")
Issue of Options
The Company considers that the award of options linked to the Company's performance is critical to the incentivisation of its directors and employees and to ensure that there is alignment between management and shareholders. To this end, the Company today confirms that it has agreed to issue share options (the "Options") over ordinary shares of 0.4p each in the Company ("Ordinary Shares") to its directors and employees, under the Company's existing share option schemes (the "Schemes"), as detailed in this announcement.
Each Option issued will be exercisable at a price of 7.55p, being the greater of (i) the average closing price for the three dealing days immediately preceding the date of grant; and (ii) the closing price on the dealing day immediately prior to the date of grant, as prescribed in the terms of the Schemes. The following Options have been granted:
1. 985,454 Options to Dr James Millen under the Company's Enterprise Management Initiative Employee Share Option Scheme;
2. 694,287 Options to Dr Christophe Chassagnole under the Company's Enterprise Management Initiative Employee Share Option Scheme;
3. 448,760 Options to Dr Paul Harper under the Company's Non-Employee Share Option Scheme; and
4. 1,371,499 Options to other employees under the Company's Enterprise Management Initiative Employee Share Option Scheme.
The Options vest equally over a three-year period and can be exercised within 10 years of the date of grant.
Following this issue, the Directors will hold options over Ordinary Shares in the Company in accordance with the table below:
| Option holder | # Options | Exercise price(p) | Date of expiry |
| P Harper | 12,932 | 34.00 | 08-Nov-21 |
| P Harper | 51,752 | 13.20 | 11-Feb-23 |
| P Harper | 129,046 | 6.17 | 23-Mar-25 |
| P Harper | 258,092 | 3.50 | 20-Dec-25 |
| P Harper | 140,000 | 5.35 | 26-Mar-28 |
| P Harper | 448,760 | 7.55 | 02-Mar-31 |
| Total P Harper | 1,040,582 | ||
| C Chassagnole | 32,331 | 34.00 | 08-Nov-21 |
| C Chassagnole | 129,381 | 13.20 | 11-Feb-23 |
| C Chassagnole | 322,615 | 6.17 | 23-Mar-25 |
| C Chassagnole | 659,641 | 2.50 | 27-Feb-27 |
| C Chassagnole | 350,000 | 5.35 | 26-Mar-28 |
| C Chassagnole | 267,000 | 3.16 | 26-Mar-29 |
| C Chassagnole | 694,287 | 7.55 | 02-Mar-31 |
| Total C Chassagnole | 2,455,255 | ||
| J Millen | 520,000 | 5.35 | 26-Mar-28 |
| J Millen | 400,000 | 3.16 | 26-Mar-29 |
| J Millen | 985,454 | 7.55 | 02-Mar-31 |
| Total J Millen | 1,905,454 |
In addition, Dr Jim Millen owns 1,386,747 Ordinary Shares (equivalent to approximately 1.42% of the currently issued share capital), Dr Christophe Chassagnole owns 602,723 Ordinary Shares (equivalent to approximately 0.62% of the currently issued share capital) and Dr Paul Harper owns 668,564 Ordinary Shares (equivalent to approximately 0.69% of the currently issued share capital).
The total number of shares in issue remains 97,334,778 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Physiomics under the Disclosure and Transparency Rules.
Enquiries:
Physiomics plc
Dr Jim Millen, CEO
+44 (0)1865 784 980
Strand Hanson Ltd (NOMAD)
James Dance & James Bellman
+44 (0) 20 7409 3494
Hybridan LLP (broker)
Claire Louise Noyce
+44 (0) 203 764 2341
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
Dr James Millen
2
Reason for the notification
a)
Position/status
CEO
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Physiomics PLC
b)
LEI
213800A71DSZ6ABMTQ91
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
Options over Ordinary Shares
GB00BDR6W943
b)
Nature of the transaction
Issue of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 7.55 pence | 985,454 |
d)
Aggregated information
- Aggregated volume
- Price
985,454
7.55 pence
e)
Date of the transaction
2 March 2021
f)
Place of the transaction
London, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dr Christophe Chassagnole
2
Reason for the notification
a)
Position/status
COO
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Physiomics PLC
b)
LEI
213800A71DSZ6ABMTQ91
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
Options over Ordinary Shares
GB00BDR6W943
b)
Nature of the transaction
Issue of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 7.55 pence | 694,287 |
d)
Aggregated information
- Aggregated volume
- Price
694,287
7.55 pence
e)
Date of the transaction
2 March 2021
f)
Place of the transaction
London, AIM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dr Paul Harper
2
Reason for the notification
a)
Position/status
Chairman
b)
Initial notification/ Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Physiomics PLC
b)
LEI
213800A71DSZ6ABMTQ91
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
Options over Ordinary Shares
GB00BDR6W943
b)
Nature of the transaction
Issue of options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 7.55 pence | 448,760 |
d)
Aggregated information
- Aggregated volume
- Price
448,760
7.55 pence
e)
Date of the transaction
2 March 2021
f)
Place of the transaction
London, AIM
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
About Physiomics plc
Physiomics plc (AIM: PYC) is an oncology consultancy using mathematical models to support the development of cancer treatment regimens and personalised medicine solutions. The Company's Virtual Tumour™ technology uses computer modelling to predict the effects of cancer drugs and treatments to improve the success rate of drug discovery and development projects while reducing time and cost. The predictive capability of Physiomics' technologies have been confirmed by over 80 projects, involving over 40 targets and 70 drugs, and has worked with clients such as Merck KGaA, Astellas, Merck & Co and Bicycle Therapeutics.
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