Venture Life Group Plc
("Venture Life" or the "Company")
PDMR Shareholdings - Grant of Awards
Venture Life Group plc (AIM: VLG), a leader in developing, manufacturing and commercialising products for the international self-care market, announces that, pursuant to the Company's 2023 Long Term Incentive Plan ("LTIP"), it has granted options to subscribe for an aggregate of 3,000,000 ordinary shares of 0.3p each in the capital of the Company (the "Options") to the Company's Executive Directors, as follows:
| Director | Number of Options granted | Exercise Price |
| Jerry Randall | 1,000,000 | 38.10 pence |
| Daniel Wells | 1,000,000 | 38.10 pence |
| Gianluca Braguti | 1,000,000 | 38.10 pence |
The Options (which are subject to malus and clawback provisions) will vest after three years following publication of the Company's annual results for 2025 and will be exercisable within 7 years of vesting. Vesting is conditional on the achievement of certain performance criteria which include a total shareholder return and earnings per share measurement.
The grant of the Options constitutes a related party transaction for the purposes of AIM Rule 13. The independent directors consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
For further information, please contact:
| Venture Life Group PLC | +44 (0) 1344 578004 |
| Jerry Randall, Chief Executive Officer Daniel Wells, Chief Financial Officer | |
|
Cenkos Securities plc (Nomad and Broker) |
+44 (0) 20 7397 8900 |
| Stephen Keys / Camilla Hume |
|
| Russell Kerr / Michael Johnson (Sales) |
|
|
Singer Capital Markets (Joint Broker) Shaun Dobson / Alaina Wong (Corporate Finance) Jonathan Dighe (Sales)
|
+44 (0) 20 7496 3000
|
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Jerry Randall | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status | Chief Executive | ||||
| b)
| Initial notification /Amendment
| Initial | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Venture Life Group plc | ||||
| b)
| LEI
| 213800S8CZUPLAB2KC70 | ||||
| 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 | Ordinary shares of 0.3p each
ISIN: GB00BFPM8908
| ||||
| b)
| Nature of the transaction
| Grant of options | ||||
|
c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price | n/a - see above
| ||||
| e)
| Date of the transaction
| 5 July 2023 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Daniel Wells | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status | Chief Finance Officer | ||||
| b)
| Initial notification /Amendment
| Initial | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Venture Life Group plc | ||||
| b)
| LEI
| 213800S8CZUPLAB2KC70 | ||||
| 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 | Ordinary shares of 0.3p each
ISIN: GB00BFPM8908
| ||||
| b)
| Nature of the transaction
| Grant of options | ||||
|
c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price |
n/a - see above
| ||||
| e)
| Date of the transaction
| 5 July 2023 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Gianluca Braguti | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status | Chief Manufacturing Officer | ||||
| b)
| Initial notification /Amendment
| Initial | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
| a)
| Name
| Venture Life Group plc | ||||
| b)
| LEI
| 213800S8CZUPLAB2KC70 | ||||
| 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 | Ordinary shares of 0.3p each
ISIN: GB00BFPM8908
| ||||
| b)
| Nature of the transaction
| Grant of options | ||||
|
c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price |
n/a - see above
| ||||
| e)
| Date of the transaction
| 5 July 2023 | ||||
| f)
| Place of the transaction
| Outside a trading venue | ||||
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