Share Option Awards & PDMR Dealing
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Share Option Awards
PDMR Dealing
IXICO plc (AIM: IXI), the medical imaging advanced analytics company delivering insights in neurosciences, today announces that, further to the announcements made on 8 October 2024 in respect of the Company's proposal to issue share options, and on 25 October 2024 in respect of the approval at the General Meeting of the Company's new EMI Share Option Plan, the Company has issued a total of 3,520,058 share options (the "Share Options") as follows:
Growth options:
Share Options over 2,780,058 shares have been awarded to the Bram Goorden, CEO and Grant Nash, CFO of the Company. These Growth Share Options have vesting criteria aligned with retention and annual share price growth over 3 years. Of these, 1,853,372 options (equivalent to 2% of issued share capital) have been issued to the CEO, Bram Goorden, and 926,686 options (equivalent to 1% of issued share capital) have been issued to the CFO, Grant Nash. These options have an exercise price of £0.01 and will be subject to a hold period to the third anniversary of their award.
The achievement of share price growth each year shall be measured by calculating the 3-month average share price immediately prior to each anniversary of the option award. The growth performance can be met in full by an absolute compound share price growth of 40% over the three-year period or in part by a 40% share price growth as compared to the prior year. In the first year this shall be compared to a baseline price equivalent to the three-month average share price immediately prior to the CEO joining the Company on 19 August 2024.
Retention options:
Share Options over a further 740,000 shares are awarded to the broader leadership team of the Company, including 200,000 Share Options awarded to the Robin Wolz, CSO who is treated as a PDMR. These Share Options have an exercise price of £0.0925 and have vesting criteria aligned with retention of these individuals in the business across 3 years.
| a) | Name | Bram Goorden |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial |
| a) | Name | IXICO plc |
| b) | LEI | 2138005M1F59O6HWSA97 |
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares in IXICO plc |
| Identification code | ISIN: GB00BFXR4C20 | |
| b) | Nature of the transaction | Grant of Share Options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1 pence | 1,853,372 | |
| d) | Aggregated information | |
| N/A - single transaction | ||
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 October 2024 |
| f) | Place of the transaction | Off Market Transaction |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Grant Nash |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial |
| a) | Name | IXICO plc |
| b) | LEI | 2138005M1F59O6HWSA97 |
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares in IXICO plc |
| Identification code | ISIN: GB00BFXR4C20 | |
| b) | Nature of the transaction | Grant of Share Options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 1 pence | 926,686 | |
| d) | Aggregated information | |
| N/A - single transaction | ||
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 October 2024 |
| f) | Place of the transaction | Off Market Transaction |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Robin Wolz |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Scientific Officer and PDMR |
| b) | Initial notification /Amendment | Initial |
| a) | Name | IXICO plc |
| b) | LEI | 2138005M1F59O6HWSA97 |
| a) | Description of the financial instrument, type of instrument | Options over ordinary shares in IXICO plc |
| Identification code | ISIN: GB00BFXR4C20 | |
| b) | Nature of the transaction | Grant of Share Options |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 9.25p | 200,000 | |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 30 October 2024 |
| f) | Place of the transaction | Off market |
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