Grant of Share Options
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Venture Life (AIM: VLG), a leader in product innovation, development and commercialisation within the global consumer healthcare sector, announces that, pursuant to the Company's 2023 Long Term Incentive Plan ("LTIP"), it has granted options to subscribe for an aggregate of 2,500,000 ordinary shares of 0.3p each in the capital of the Company (the "Options") to the Company's Directors, as follows:
| Director | Number of Options Granted | Exercise Price |
|---|---|---|
| Jerry Randall | 1,000,000 | 57.70 pence |
| Daniel Wells | 1,000,000 | 57.70 pence |
| Paul McGreevy | 500,000 | 57.70 pence |
The Options (which are subject to malus and clawback provisions) will vest after three years following publication of the Company's annual results for 2027 and will be exercisable within 7 years of vesting. Vesting is conditional on the achievement of certain performance criteria which include a total shareholder return and earnings per share measurement.
Further detail is provided below in accordance with Article 19.3 of the EU Market Abuse Regulation.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| 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 | Grant of share options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 25 July 2025 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Daniel Wells | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial 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 | Grant of share options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 25 July 2024 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Paul McGreevy | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Chair | ||||
| 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 | Grant of share options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 25 July 2024 | ||||
| f) | Place of the transaction | London Stock Exchange |
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