AIM share code: DVRG
19 November 2020
DeepVerge PLC
("DeepVerge" or "Company")
Issue of Share Options/PDMR dealings
On 18 September 2020, the Company announced that it has adopted a group share option scheme under which Company employees are eligible for awards. The share option scheme includes an EMI scheme for UK employees and a Share Option Scheme for Irish employees and a UK Unapproved Scheme, all subject to performance criteria.
The Company has today granted share options over a further 4,806,070 ordinary shares of £0.001 per share under the above schemes.
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Number of options |
Exercise price per Share |
Vesting dates |
Scheme under which options granted |
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15,100 |
£0.001 |
31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35% |
UK EMI Scheme |
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1,292,970 |
£0.30 |
1/1/21 : 30% 1/1/22 : 35% 1/1/23 :35% |
UK EMI Scheme |
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98,000 |
£0.001 |
31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35% |
Ireland Share Option Scheme |
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1,600,000 |
£0.30 |
1/1/21 : 30% 1/1/22 : 35% 1/1/23 :35% |
Ireland Share Option Scheme |
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1,800,000 |
£0.30 |
31/12/20 : 30% 31/3/21 : 35% 30/6/21 :35% |
UK Unapproved |
The Company also announces that it has cancelled 492,970 options over Shares issued on 18 September 2020 under the UK EMI Scheme with an exercise price of £0.335 and reissued them with an exercise price of £0.30.
Of the 4,806,070 options issued today 2,666,666 have been granted to board members as follows.
|
Name of Director |
Number of options |
Exercise price per Share |
Scheme under which options granted |
|
Gerard Brandon Camillus Glover Fionan Murray Ross Andrews Nigel Burton |
800,000 750,000 750,000 200,000 166,666 |
£0.30 £0.30 £0.30 £0.30 £0.30 |
UK EMI Scheme Ireland Share Option scheme Ireland Share Option Scheme UK Unapproved Scheme UK Unapproved Scheme
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Enquiries
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DeepVerge plc |
Gerard Brandon, CEO |
+44 (0) 7340 055 648 |
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SPARK Advisory Partners Limited (Nominated Adviser) |
Neil Baldwin/Andrew Emmott |
+44 (0) 113 370 8974 |
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Turner Pope Investments (TPI) Limited (Broker) |
Andy Thacker/Zoe Alexander |
+44 (0) 20 3657 0050 |
About DeepVerge plc:
DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Gerard Brandon |
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2
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Reason for the notification
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a)
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Position/status
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CEO |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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DeepVerge plc |
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b)
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LEI
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213800M477RQVVHVUD72 |
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4
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 0.1p each |
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Identification code |
GB00BMGWZY29 |
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b)
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Nature of the transaction
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Grant of Options |
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c)
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Price(s) and volume(s) |
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Price |
Volume |
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30 pence |
800,000 |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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19 November 2020 |
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f)
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Place of the transaction
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Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Camillus Glover |
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2
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Reason for the notification
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a)
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Position/status
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CFO |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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DeepVerge plc |
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b)
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LEI
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213800M477RQVVHVUD72 |
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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
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a)
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Description of the financial instrument, type of instrument |
Ordinary shares of 0.1p each |
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Identification code |
GB00BMGWZY29 |
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b)
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Nature of the transaction
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Grant of Options |
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c)
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Price(s) and volume(s) |
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Price |
Volume |
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30 pence |
750,000 |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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19 November 2020 |
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f)
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Place of the transaction
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Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Fionan Murray |
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2
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Reason for the notification
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a)
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Position/status
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Chief Operations Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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DeepVerge plc |
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b)
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LEI
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213800M477RQVVHVUD72 |
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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
|
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a)
|
Description of the financial instrument, type of instrument |
Ordinary shares of 0.1p each |
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Identification code |
GB00BMGWZY29 |
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b)
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Nature of the transaction
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Grant of Options |
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c)
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Price(s) and volume(s) |
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Price |
Volume |
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30 pence |
750,000 |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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19 November 2020 |
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f)
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Place of the transaction
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Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Ross Andrews |
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2
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Reason for the notification
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a)
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Position/status
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Non Executive Chairman |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
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a)
|
Name
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DeepVerge plc |
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b)
|
LEI
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213800M477RQVVHVUD72 |
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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 0.1p each |
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Identification code |
GB00BMGWZY29 |
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b)
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Nature of the transaction
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Grant of Options |
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c)
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Price(s) and volume(s) |
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Price |
Volume |
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30 pence |
200,000 |
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d)
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Aggregated information |
N/A |
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- Aggregated volume |
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- Price |
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e)
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Date of the transaction
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19 November 2020 |
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f)
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Place of the transaction
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Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Nigel Burton |
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2
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Reason for the notification
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a)
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Position/status
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Non Executive Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a)
|
Name
|
DeepVerge plc |
|||
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b)
|
LEI
|
213800M477RQVVHVUD72 |
|||
|
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 0.1p each |
|||
|
|
|
||||
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Identification code |
GB00BMGWZY29 |
||||
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|
||||
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b)
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Nature of the transaction
|
Grant of Options |
|||
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c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price |
Volume |
|
|
|
|
|
30 pence |
166,666 |
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d)
|
Aggregated information |
N/A |
|||
|
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||||
|
- Aggregated volume |
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||||
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||||
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- Price |
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||||
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e)
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Date of the transaction
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19 November 2020 |
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f)
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Place of the transaction
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Outside of a trading venue |
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