Grant of Options
NIOX Group plc announced the grant of options to Executive Directors over 1,563,605 new ordinary shares under its 2026 Performance Share Plan. The options are exercisable at a nominal value of 0.08p each and will vest on the third anniversary of the grant date, subject to performance conditions including absolute shareholder return and clinical revenue growth over a three-year period. Jonathan Emms received options for 1,060,071 shares, and Sarah Duncan received options for 503,534 shares. These options are exercisable until the tenth anniversary of the grant date.
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Oxford, UK - 9 April 2026: NIOX Group plc (AIM: NIOX) announces that it has today granted options to certain Executive Directors (the "Options") over a total of 1,563,605 new ordinary shares in the Company ("Ordinary Shares") under the Company's 2026 Performance Share Plan (the "Plan").
The Options are exercisable at nominal value over the same number of Ordinary Shares and will vest on the third anniversary of the date of grant. The Options remain exercisable until the tenth anniversary of the date of grant, subject to the Plan's rules. Vesting of the Options is subject to performance over a three-year period and will be determined by reference to absolute shareholder return and clinical revenue growth.
The Options awarded to each Executive Director are shown below:
Number of Options
| Jonathan Emms | 1,060,071 |
| Sarah Duncan | 503,534 |
1,563,605
Additional disclosure in relation to PDMR dealing is included at the end of this announcement.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a. | Name | 1. Jonathan Emms 2. Sarah Duncan |
| 2. | Reason for the notification | |
| a. | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer |
| b. | Initial notification /Amendment | Initial notification |
| a. | Name | N IOX Group plc |
| b. | LEI | 2138006YAT138TOGA556 |
| a. | Description of the Financial instrument, type of instrument Identification code | Ordinary Shares of 0.08p each GB00BJVD3B28 |
| b. | Nature of the transaction | G rant of share options under the 2026 Performance Share Plan over Ordinary Shares in NIOX Group plc |
| c. | Price(s) and volume(s) | 1. Exercise Price(s) Volume(s) 1. 0.08p 2. 0.08p 1. 1,060,071 2. 503,534 |
| d. | Aggregated information · Aggregated volume · Price | n/a |
| f. | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.