Directors’/PDMR Dealing and Grant of Options
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Futura Medical plc (AIM: FUM) (the "Company"), the pharmaceutical company developing innovative sexual health products, announces a grant of 10,590,675 options over Ordinary Shares ("Options") to employees and Directors.
Grant of Options
The Company has granted a total of 10,590,675 Options of which 4,084,681 have been awarded to Directors as detailed below.
All Options have been granted under existing schemes, granting was subject to the achievement of performance-based milestones and will vest equally over 3 years to October 2026 with 25% of the Options granted with immediate vesting. The main ongoing vesting condition is that the individual remains an employee or Director at the time of vesting.
| Director | Number of Options granted | Exercise price | Total number of Options held following grant |
|---|---|---|---|
| James Barder | 1,450,211 | 0.2p | 3,615,927 |
| Angela Hildreth | 1,267,742 | 0.2p | 3,040,082 |
| Ken James | 1,366,728 | 0.2p | 3,375,953 |
Full details of the Non-Executive Directors' remuneration will be included in the Company's Annual Report & Accounts.
| a) | Name | James Barder |
| 2 | Reason for the notification | |
| a) | Position/status | Director/ PDMR |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Futura Medical plc |
| b) | LEI | 21380053QLT46UNV2303 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary shares of 0.2p each GB0033278473 |
| b) | Nature of the transaction | Grant of Options over Ordinary Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 1,450,211 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 9 October 2023 |
| f) | Place of the transaction | Outside of 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 | Director/ PDMR |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Futura Medical plc |
| b) | LEI | 21380053QLT46UNV2303 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary shares of 0.2p each GB0033278473 |
| b) | Nature of the transaction | Grant of Options over Ordinary Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 1,267,742 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 9 October 2023 |
| f) | Place of the transaction | Outside of 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 | Director/ PDMR |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Futura Medical plc |
| b) | LEI | 21380053QLT46UNV2303 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary shares of 0.2p each GB0033278473 |
| b) | Nature of the transaction | Grant of Options over Ordinary Shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) nil 1,366,728 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable |
| e) | Date of the transaction | 9 October 2023 |
| f) | Place of the transaction | Outside of trading venue |
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