GUILDFORD, SURREY--(Marketwired - Nov 28, 2016) - ANGLE plc (AIM: AGL) (OTCQX: ANPCY)
AIM: AGL; OTCQX: ANPCY
| For immediate release |
|
28 November 2016 |
ANGLE plc
("ANGLE" or the "Company")
ISSUE OF SHARE OPTIONS
ANGLE plc (AIM: AGL; OTCQX: ANPCY), the specialist medtech company, announces that under the shareholder approved Remuneration
Policy the Remuneration Committee has approved the issue of 1,500,000 share options to the Company's executive
directors. The Remuneration Committee has also approved the issue of 1,805,000 share options to certain staff.
Following the issue of these share options, the Company will have outstanding options over a total of 10,365,806 ordinary
shares of £0.10, representing approximately 11.6% of its issued and to be issued share capital. This leaves approximately
3.9 million options unallocated within the approved limit of up to 16% of the issued and to be issued share capital from time to
time.
The exercise price for the new share options is 64.50 pence per share, representing the Company's closing mid-market share
price on 25 November 2016, being the latest practicable date prior to this announcement. The options are subject to service
and/or performance conditions.
The new share options granted to the executive directors have a term of ten years and are subject to the performance condition
that the share price has risen by at least 100% from the share price when the option is issued.
Following the issue of the new share options, the total number of share options held by the executive directors of the Company
will be:
| |
|
|
|
|
| |
|
Options issued |
|
Total options held following issue |
| Andrew Newland, Chief Executive |
|
1,000,000 |
|
4,023,826 |
| Ian Griffiths, Finance Director |
|
500,000 |
|
2,046,980 |
| |
|
|
|
|
The non-executive directors do not hold share options.
The below notification made in accordance with the requirements of the EU Market Abuse Regulation, provides further
detail.
| |
|
| 1 |
Details of the person discharging managerial responsibilities / person closely
associated |
| a) |
Name
|
|
Andrew Newland |
| 2 |
Reason for the notification |
| a) |
Position/status
|
|
Chief Executive Officer |
| b) |
Initial notification /Amendment
|
|
Initial notification |
| 3 |
Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
| a) |
Name
|
|
ANGLE plc |
| b) |
LEI
|
|
N/A |
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
| a) |
Description of the financial instrument, type of instrument |
|
Ordinary shares of 10p each |
| Identification code |
ISIN: GB0034330679 |
| b) |
Nature of the transaction
|
|
Grant of options over ordinary shares at an exercise price of 64.5p per share |
| c) |
Price(s) and volume(s)
|
|
|
| Price(s) |
Volume(s) |
| Nil |
1,000,000 |
| |
| d) |
Aggregated information
- Aggregated volume
- Price
|
|
N/A
|
| e) |
Date of the transaction
|
|
28 November 2016 |
| f) |
Place of the transaction
|
|
Outside a trading venue |
| |
|
|
|
| |
|
| 1 |
Details of the person discharging managerial responsibilities / person closely
associated |
| a) |
Name
|
|
Ian Griffiths |
| 2 |
Reason for the notification |
| a) |
Position/status
|
|
Finance Director |
| b) |
Initial notification /Amendment
|
|
Initial notification |
| 3 |
Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor |
| a) |
Name
|
|
ANGLE plc |
| b) |
LEI
|
|
N/A |
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
| a) |
Description of the financial instrument, type of instrument |
|
Ordinary shares of 10p each |
| Identification code |
ISIN: GB0034330679 |
| b) |
Nature of the transaction
|
|
Grant of options over ordinary shares at an exercise price of 64.5p per share |
| c) |
Price(s) and volume(s)
|
|
|
| Price(s) |
Volume(s) |
| Nil |
500,000 |
| |
| d) |
Aggregated information
- Aggregated volume
- Price
|
|
N/A
|
| e) |
Date of the transaction
|
|
28 November 2016 |
| f) |
Place of the transaction
|
|
Outside a trading venue |
| |
|
|
|
For further information:
| |
|
|
| ANGLE plc |
|
01483 685830 |
Andrew Newland, Chief Executive
Ian Griffiths, Finance Director |
|
|
| |
|
|
Cenkos Securities
Stephen Keys (Nominated adviser)
Russell Kerr, Olly Baxendale (Sales) |
|
020 7397 8900 |
| |
|
|
FTI Consulting
Simon Conway, Mo Noonan, Stephanie Cuthbert
Kimberley Ha (US) |
|
020 3727 1000
001 212 850 5612 |
| |
|
|
For Frequently Used Terms, please see the Company's website on
http://www.angleplc.com/the-parsortix-system/glossary/
Notes for editors
About ANGLE plc www.angleplc.com
ANGLE is a specialist medtech company commercialising a disruptive platform technology that can capture cells circulating in
blood, such as cancer cells, even when they are as rare in number as one cell in one billion blood cells, and harvest the cells
for analysis.
ANGLE's cell separation technology is called the Parsortix™ system and it enables a liquid biopsy (simple blood test) to be
used to provide the cells of interest. Parsortix is the subject of granted patents in Europe, the United States, Canada, China
and Australia and three extensive families of patents are being progressed worldwide. The system is based on a microfluidic
device that captures live cells based on a combination of their size and compressibility. Parsortix has a CE Mark for Europe and
FDA authorisation is in process for the United States.
ANGLE has established formal collaborations with world-class cancer centres. These Key Opinion Leaders are working to
identify applications with medical utility (clear benefit to patients), and to secure clinical data that demonstrates that
utility in patient studies. Details are available here
http://www.angleplc.com/the-company/collaborators/
The analysis of the cells that can be harvested from patient blood with ANGLE's Parsortix system has the potential to help
deliver personalised cancer care offering profound improvements in clinical and health economic outcomes in the treatment and
diagnosis of various forms of cancer.
The global increase in cancer to a 1 in 3 lifetime incidence is set to drive a multi-billion dollar clinical market. The
Parsortix system is designed to be compatible with existing major medtech analytical platforms and to act as a companion
diagnostic for major pharma in helping to identify patients that will benefit from a particular drug and then monitoring the
drug's effectiveness.
As well as cancer, the Parsortix technology has the potential for deployment with several other important cell types in the
future.
ANGLE stock trades on the AIM market of the London Stock Exchange under the ticker symbol AGL and in New York on the OTC-QX
under the ticker symbol ANPCY. For further information please visit: www.angleplc.com