Bisichi PLC
Director/PDMR Shareholding
1 September
2022
London,
FOR IMMEDIATE RELEASE
Bisichi plc
(“Bisichi” or the “Company”)
Director Option
Grant and Surrender
Grant of
Options
Bisichi plc announces the grant of options over ordinary shares
in the Company of 10 pence
(“Options”) to the following directors of the Company, under the
Company’s Unapproved Executive Share Option Scheme 2012 (“Scheme”),
as set out below:
Name of director
|
Date of grant
|
Number of Options
|
Exercise price |
Andrew Heller
|
1 September 2022 |
380,000 |
352 pence |
Garrett Casey
|
1 September 2022 |
380,000 |
352 pence |
The new Options are subject to the terms and conditions set out
in the rules of the Scheme, and subject to the memorandum and
articles of association of the Company. The new Options are
exercisable at any time during the next 10 years from the date of
grant stated above. No consideration has been paid for the granting
of the new Options.
Surrender of Options
In addition, following shareholder approval at a general meeting
of the Company on 16 June 2022, the
Company announces that on 1 September
2022 it entered into an agreement with Andrew Heller and Garrett Casey to cancel the following Options
granted in 2015 and 2018 under the Scheme:
Name of director
|
Date of grant
|
Number of Options
|
Exercise price |
Andrew Heller |
18/09/2015 |
150,000 |
87.01 |
Andrew Heller |
06/02/2018 |
150,000 |
73.50 |
Garrett Casey |
18/09/2015 |
150,000 |
87.01 |
Garrett Casey |
06/02/2018 |
230,000 |
73.50 |
The Company paid each director a cash payment in consideration
for cancelling the Options listed above. The cash payment was
calculated by reference to the closing midmarket share price on
31 August 2022 less the relevant
exercise price. The aggregate consideration paid by the Company to
effect the cancellations was £1,853,270.
Grant of
Options
Notification and public disclosure of
transactions by persons discharging managerial responsibilities and
persons closely associated with them.
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
(a) |
Name |
1) Andrew
Heller
2) Garrett
Casey |
2. |
Reason for the notification |
(a) |
Position/status |
1) Managing
Director, Bisichi plc (PDMR)
2) Finance
Director, Bisichi plc (PDMR) |
(b) |
Initial
notification/ Amendment |
Initial
Notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
(a) |
Name |
Bisichi
plc |
(b) |
LEI |
213800RRWN6ZBPW2ZV03 |
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 |
Options
over ordinary shares of 10 pence each in the Company |
|
Identification code |
ISIN:
GB0001012045 |
(b) |
Nature of
the transaction |
Grant of
options with an exercise price of 352 pence under the Bisichi plc
2012 share option scheme. |
(c) |
Price(s)
and volume (s)
|
Name |
Price(s) |
Volume(s) |
Andrew
Heller |
352
pence |
380,000 |
Garrett
Casey |
352
pence |
380,000 |
|
(d) |
Aggregated
information
- Aggregated volume
- Price |
As stated
above. |
(e) |
Date of
the transaction |
1
September 2022 |
(f) |
Place of
the transaction |
Outside a
trading venue |
Surrender of Options
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
(a) |
Name |
1) Andrew
Heller
2) Garrett
Casey |
2. |
Reason for the notification |
(a) |
Position/status |
1) Managing
Director, Bisichi plc (PDMR)
2) Finance
Director, Bisichi plc (PDMR) |
(b) |
Initial
notification/ Amendment |
Initial
Notification |
3. |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
(a) |
Name |
Bisichi
plc |
(b) |
LEI |
213800RRWN6ZBPW2ZV03 |
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 |
Options
over ordinary shares of 10 pence each in the Company |
|
Identification code |
ISIN:
GB0001012045 |
(b) |
Nature of
the transaction |
Surrender
of 680,000 options granted by Bisichi plc under the Bisichi plc
2012 share option scheme in 2015 and 2018 |
(c) |
Price(s)
and volume (s)
|
Name |
Price(s) |
Volume(s) |
Andrew
Heller |
£815,235
paid to A Heller |
300,000
options surrendered |
Garrett
Casey |
£1,038,035
paid to G Casey |
380,000
options surrendered |
|
(d) |
Aggregated
information
- Aggregated volume
- Price |
Options over 680,000 ordinary shares cancelled
£1,853,270 paid to A Heller and G Casey |
(e) |
Date of
the transaction |
1
September 2022 |
(f) |
Place of
the transaction |
Outside a
trading venue |
Garrett Casey, Company
Secretary
Telephone number: 020 7415 5030
1 September
2022