RNS Number : 9729S
OKYO Pharma Limited
15 March 2023
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIIONS (SI 2019/310) ("UK MAR"). 

 

OKYO Pharma Limited

("OKYO" or the "Company")

 

Grant of options -PDMR dealing

 

London, March 15, 2023 - OKYO Pharma Limited (Nasdaq: OKYO; LSE: OKYO) ("OKYO" or the "Company"), an ophthalmology-focused bio-pharmaceutical company which is developing OK-101 to treat dry eye disease ("DED") to address the significant unmet need in this multi-billion-dollar market, today announces that the board of directors of the Company (the "Board" or "Directors"), acting on a recommendation of the Remuneration Committee has awarded the following options (each to acquire one new ordinary share of no par value) ("Options") to directors and persons discharging managerial responsibility:

 

Gary S. Jacob

Chief Executive Officer

5,500,000 Options

Keeren Shah

Chief Financial Officer

6,550,000 Options

Dr. Raj Patil

Chief Scientific Officer

15,500,000 Options

Willy Simon

Non-executive director

400,000 Options

John Brancaccio

Non-executive director

1,000,000 Options

Bernard Denoyer

Non-executive director

200,000 Options

 

The exercise price for all options is £0.025 per share. The options all vest in 4 equal tranches over 4 years, with the first tranche vesting on 14 March 2024, and all options have a life of ten years.

 

Holders of the Company's ADS should note that for the purposes of comparison of the quantum of the awards, each ADS held represents 65 ordinary shares.

 This information set out below is provided in accordance with Article 19(3) of UK MAR:

 1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

PDMRs:

 

Gary S. Jacob

Chief Executive Officer

Keeren Shah

Chief Financial Officer

Dr. Raj Patil

Willy Simon

John Brancaccio

Bernard Denoyer

Chief Scientific Officer

Non-executive director

Non-executive director

Non-executive director

2

Reason for the notification

a)

Position/status

See 1a) above

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

OKYO Pharma Limited

b)

LEI

213800VVN5CB56Y15A05

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 no par value

 

b)

Identification code

ISIN for OKYO Pharma Limited: GG00BD3FV870

c)

Nature of the transaction

Grant of options

 

d)

Price(s) and volume(s)

Price: £0.025 per share

Volumes:

Gary S. Jacob

5,500,000

Keeren Shah

6,550,000

Dr. Raj Patil

Willy Simon

John Brancaccio

Bernard Denoyer

15,500,000

400,000

1,000,000

200,000

 

e)

Aggregated information

- Aggregated volume

- Price

n/a

 

f)

Date of the transaction

14 March 2023

g)

Place of the transaction

Outside of a trading venue

 

 

For the purposes of UK MAR, the person who arranged the release of this information is Gary S. Jacob, Chief Executive Officer of OKYO.

Enquiries:

OKYO Pharma Limited

Gary S. Jacob, Chief Executive Officer

 

+44 (0)20 7495 2379

 

Investor Relations

Paul Spencer

+44 (0)20 7495 2379

 

 

 

Broker

 

Robert Emmet, Optiva Securities Limited

 

+44 (0)20 3981 4173

Notes for Editors:

About OKYO

 OK-101 is a lipid conjugated chemerin peptide agonist of the ChemR23 G-protein coupled receptor which is typically found on immune cells of the eye responsible for the inflammatory response. OK-101 has been shown to produce anti-inflammatory and neuropathic pain-reducing activities in mouse models of DED and corneal neuropathic pain, respectively, and is designed to combat washout through the inclusion of the lipid 'anchor' contained in the drug molecule to enhance the residence time of OK-101 within the ocular environment.

About OKYO

OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO) is a life sciences company admitted to listing on NASDAQ and on the standard segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc. OKYO is focusing on the discovery and development of novel molecules to treat inflammatory dry eye diseases and chronic pain. For further information, please visit www.okyopharma.com.

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