Issue of Options
CEO Stephen O'Hara issued 6.1m options at 16p per share, vesting December 2025, expiring December 2034.
- Options issued 6,099,135
- Exercise price per share 16p
- Vesting date 17 December 2025
- Expiry date 17 December 2034
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OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skincare, announces that, the Company has issued 6,099,135 options over new ordinary shares with an exercise price of 16 pence per share ("New Options") to Stephen O'Hara, CEO of the Company. The New Options expire on 17 December 2034 and vest on the first anniversary of the options being granted being 17 December 2025.
The issue of the New Options follows the expiration of 6,099,135 options over new ordinary shares with an exercise price of 8 pence per share, granted to Stephen O'Hara, which expired in September 2024.
Related Party Transaction
The issuance of the New Options to Stephen O'Hara ("Transaction") is a related party transaction pursuant to Rule 13 of the AIM Rules.
The directors of the Company independent of the Transaction, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider the terms of the Transaction to be fair and reasonable insofar as the Company's shareholders are concerned.
| a. | Name | Stephen O'Hara |
| 2 | Reason for notification | |
| a. | Position/Status | Director |
| b. | Initial notification/ Amendment | Initial Notification |
| a. | Name | OptiBiotix Health Plc |
| b. | LEI | 213800UKYQFT941QHS14 |
| a. | Description of the financial instrument, type of instrument Identification Code | Options over new ordinary shares of 2p each ISIN: GB00BP0RTP38 |
| b. | Nature of the transaction | Issue of options pursuant to the New Options |
| c. | Price(s) and volume(s) | |
| Price(s) per share | Volume(s) | |
| 16p | 6,099,135 | |
| d. | Aggregated information - Volume - Price | |
| f. | Place of the transaction | London |
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