RNS Number : 2960M
Futura Medical PLC
29 April 2024
 

29 April 2024

 

Futura Medical plc

("Futura" or the "Company")

Directors' / PDMR Dealing and Grant of Options

Futura Medical plc (AIM: FUM), the consumer healthcare company behind Eroxon, that specialises in the development and global commercialisation of innovative and clinically proven sexual health products, announces that it has granted options over a total of 2,176,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") to employees and Directors, of which 905,000 options were granted to Directors and PDMRs as detailed below. The options are part of annual awards made by Futura in accordance with existing share schemes.

 

Director

Number
of options
granted

Exercise
price

Exercise period

Total number
of options
held following
notification

Total number
of Ordinary
Shares held







J H Barder

345,000

35.50p

1 April 2027 - 31 Mar 2034

3,960,927

1,420,972







A Hildreth

280,000

35.50p

1 April 2027 - 31 Mar 2034

3,320,082

142,857







K W James

280,000

35.50p

1 April 2027 - 31 Mar 2034

3,655,953

                299,581

 

Of the total 2,176,000 options, 1,611,000 were granted under the Futura Medical plc Enterprise Management Incentive Scheme, and 565,000 were granted under the unapproved scheme.

 

Vesting is subject to the achievement of a performance-related milestone and that the Director/PDMR/employee remains employed with the Company as at the date of exercise.  Further disclosures are contained in the tables below. 

 

ENDS

 

Contacts:

Futura Medical plc

 

 

 

James Barder

Chief Executive Officer

Angela Hildreth

Finance Director and COO

 

investor.relations@futuramedical.com

+44 (0)1483 685 670

www.futuramedical.com

 

Liberum

Nominated Adviser

and Broker

 

Phil Walker

Richard Lindley

Nikhil Varghese

+44 (0)20 3100 2000

 

 

 



Stifel Nicolaus Europe Limited

Joint Broker

 

Alan Selby

Ben Maddison

 

+44 (0)207 710 7600

 

 

 



Alma Strategic Communications

Rebecca Sanders-Hewett

Sam Modlin

Will Ellis Hancock

+44 (0)20 3405 0205

futura@almastrategic.com




 

Notes to Editors:

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.

Eroxon, Futura's clinically proven lead product, has been developed for the treatment of Erectile Dysfunction ("ED"). The highly differentiated product, which is the only topical gel treatment for ED available over the counter and helps men get an erection in ten minutes, addresses significant unmet needs in the ED market.

ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.

Futura has distribution partners in place in a number of major consumer markets including Haleon in the US, the largest market for ED in the world, and Cooper Consumer Health in Europe. Eroxon has been nominated for a number of healthcare industry awards and has won two to-date.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

James Barder

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Futura Medical plc

b)

LEI

21380053QLT46UNV2303

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 0.2 pence each

 

 

GB0033278473

b)

Nature of the transaction

Grant of options over Ordinary Shares

 

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

-
 

345,000

 

 

d)

Aggregated information

-         Aggregated volume

-         Price

N/A single transaction

e)

Date of the transaction

26 April 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Angela Hildreth

2

Reason for the notification

a)

Position/status

Finance Director and
Chief Operating Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Futura Medical plc

b)

LEI

21380053QLT46UNV2303

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 0.2 pence each

 

 

GB0033278473

b)

Nature of the transaction

Grant of options over Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

-

280,000

 

d)

Aggregated information

-         Aggregated volume

-         Price

N/A single transaction

e)

Date of the transaction

26 April 2024

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ken James

2

Reason for the notification

a)

Position/status

Executive Director
and Head of R&D

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Futura Medical plc

b)

LEI

21380053QLT46UNV2303

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 0.2 pence each

 

 

GB0033278473

b)

Nature of the transaction

Grant of options over Ordinary Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

-

280,000

 

d)

Aggregated information

-         Aggregated volume

-         Price

N/A single transaction

e)

Date of the transaction

26 April 2024

f)

Place of the transaction

Outside a trading venue

 

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