03 May 2018

Director/PDMR Dealing

The Company today announces that on 3 May 2018, Lou Ruggiero, Chief Business Officer ("CBO") of the Company, was granted options (the "Options") over 2,000,000 ordinary shares of 1 pence each in the share capital of the Company ("Shares") exercisable at a price of 3.65 pence per Share.

The Options, will vest in three equal tranches on the first, second and third anniversaries of 16 April 2018, being the date of Mr. Ruggiero's appointment as CBO. Such vesting will be conditional on his continued employment.  In addition, the ability to exercise any vested Options will be dependent on achieving a closing middle market price per Share of 10 pence at any time after the date of grant and on the Company delivering sustainable positive cash flows from operations for any period of six months. All Options will lapse after 10 years from the date of grant, being 3 May 2018.

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 Lou Ruggiero
2 Reason for the notification
a) Position/status Chief Business Officer
b) Initial notification / Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Collagen Solutions Plc
b) LEI 213800IFY1CVGRGETL95
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 of 1p each

ISIN Code: GB00B94T6Y14
b) Nature of the transaction Grant of options over ordinary shares of 1p each exercisable at 3.65p per share
c) Price(s) and volume(s)
Price(s) Volume(s)
3.65 pence 2,000,000
d) Aggregated information
- Aggregated volume
- Price

N/A
N/A
e) Date of the transaction 03/05/2018
f) Place of the transaction Outside a trading venue

 

Enquiries: 

Collagen Solutions Plc
Jamal Rushdy, Chief Executive Officer
Hilary Spence, Chief Financial Officer
Contact via Lisa Baderoon
Lisa Baderoon, Head of Investor Relations Tel: +44 (0) 7721 413 496 or lisa.baderoon@collagensolutions.com
   
Cenkos Securities plc (Nominated Adviser and Broker)
Stephen Keys
Steve Cox
Tel: 0207 397 8900
   
Walbrook PR
Anna Dunphy
Helen Cresswell
Tel: +44 (0) 20 7933 8780 or collagen@walbrookpr.com
Mob: +44 (0) 7876 741 001