Replacement - Exercise of Options & TVR
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This announcement is made in replacement of the 'Exercise of Options, Director Dealings and Total Voting Rights' announcement released on 23 August 2024 (RNS Number 4998B).
In the original announcement, Jerry Randall's beneficial interest in the Company both before and after the exercise of options was incorrect and has been corrected below.
All other details remain unchanged.
VENTURE LIFE GROUP PLC
("Venture Life", "VLG" or the "Group")
Exercise of Options, Director Dealings and Total Voting Rights
Venture Life (AIM: VLG), a leader in developing, manufacturing and commercialising products for the international self-care market, announces that, on 21 August 2024, it has issued 404,599 new ordinary shares of 0.3 pence each in the capital of the Company ("Ordinary Shares") following an exercise of options pursuant to the Company's Long-Term Incentive Plan ("LTIP") by Jerry Randall (Chief Executive Officer) and Gianluca Braguti (Chief Manufacturing officer) (together the "Exercising Directors").
Following the option exercise described above, the Exercising Directors' beneficial interests in the Company are set out below:
| Exercising Director | Current shareholding | Options exercised | Resultant shareholding |
|---|---|---|---|
| Jerry Randall | 2,084,865 | 224,274 | 2,309,139 |
| Gianluca Braguti | 3,742,730 | 180,325 | 3,923,055 |
Application has been made to the London Stock Exchange for the 404,599 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 29 August 2024.
Following Admission, the total number of Ordinary Shares in issue will be 127,052,312 and the total number of voting rights will therefore be 127,052,312. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
| a) | Name | Jerry Randall |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Venture Life Group plc |
| b) | LEI | 213800S8CZUPLAB2KC70 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.3p each in Venture Life Group plc GB00BFPM8908 |
| b) | Nature of the transaction | Exercise of share options |
| c) | Price(s) and volume(s) | 224,274 Ordinary Shares at 0.3 pence per Ordinary Share |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 21 August 2024 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gianluca Braguti |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Manufacturing Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Venture Life Group plc |
| b) | LEI | 213800S8CZUPLAB2KC70 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.3p each in Venture Life Group plc GB00BFPM8908 |
| b) | Nature of the transaction | Exercise of share options |
| c) | Price(s) and volume(s) | 180,325 Ordinary Shares at 0.3 pence per Ordinary Share |
| d) | Aggregated information - Aggregated volume - Price | n/a |
| e) | Date of the transaction | 21 August 2024 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.