Grant of Share Options
Coiled Therapeutics plc announced the grant of 6,200,000 share options to employees, advisors, and persons discharging managerial responsibilities (PDMRs) at an exercise price of 10.0 pence per share. Notably, Non-Executive Director Dr. Andrew Dean received 4,000,000 options, vesting over six and twelve months, while Chief Clinical Operations Officer Robbin Frnka was granted 2,000,000 options vesting over three years, with a further 200,000 options granted to a scientific advisor on similar terms.
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Coiled Therapeutics (AIM:COIL) (OTCQB: COTXF), the clinical-stage oncology company developing precision medicines for hard-to-treat cancers, announces it has granted 6,200,000 share options ("Options") over the Company's ordinary shares of 1 pence each ("Ordinary Shares") to certain employees, advisors and persons discharging managerial responsibilities ("PDMRs").
The Options, which have been granted under the Company's existing share option scheme and have an exercise price of 10.0 pence each.
Schedule of Options granted to PDMRs
| Name | Number of Options granted | Vesting period |
|---|---|---|
| Dr Andrew Dean ( Non-Executive Director ) | 4,000,000 | 2,000,000 after 6 months 2,000,000 after 12 months |
| Robbin Frnka ( Chief Clinical Operations ) | 2,000,000 | Equal portions over three years |
The remaining 200,000 Options have been granted to a scientific advisor of the Company and will vest on the same terms as Mrs Frnka's described above.
| a) | Name: | 1) Dr Andrew Dean 2) Robbin Frnka |
| 2. | Reason for the notification | |
| a) | Position/status: | 1) Non-Executive Director 2) Chief Clinical Operations |
| b) | Initial notification/Amendment: | Initial notification |
| a) | Name: | Coiled Therapeutics Plc |
| b) | LEI: | 254900P4SISIWOR9RH34 |
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of 1 pence GB00BSHRN331 |
| b) | Nature of the transaction: | Grant of Options |
| c) | Price(s) and volume(s): | 1) 4,000,000 10.0 pence 2) 2,000,000 10.0 pence |
| d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above |
| e) | Date of the transaction: | 16 June 2026 |
| f) | Place of the transaction: | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.