TIDMCOS
RNS Number : 5427C
Collagen Solutions PLC
20 October 2020
20 October 2020
Collagen Solutions plc
(the "Company")
Director/PDMR Dealing
1. Exercise of options in connection with Rule 15 proposals made
under the UK City Code on Takeovers and Mergers (the "Code")
Collagen Solutions plc (AIM: COS), the developer and
manufacturer of biomaterials and regenerative medicines for the
enhancement and extension of human life, announces that, on 20
October 2020, the executive directors and other persons discharging
managerial responsibility ("PDMRs") set out in the table below
acquired ordinary shares of 1 pence each in the share capital of
the Company ("Shares") pursuant to the exercise of options
originally granted under the Collagen Solutions plc 2014 Enterprise
Management Incentive Scheme (" EMI Scheme ") and the Collagen
Solutions plc Deferred Bonus Plan (" DBP ") .
Each of these exercises:
-- was in accordance with proposals made by Rosen's Diversified,
Inc. ("RDI") to participants in the EMI Scheme and the DBP under
Rule 15 of the Code (the "Rule 15 Proposals") in connection with
its recommended cash offer (the "Offer") to acquire the entire
issued and to be issued ordinary share capital of the Company not
already owned by RDI; and
-- became effective on the Offer being declared unconditional in
all respects (as stated by RDI in its announcement this
morning).
Director/PDMR Position Aggregate number
of Shares acquired
on 20 October
2020
Jamal Rushdy Chief Executive Officer 3,725,000
---------------------------- ---------------------
Lou Ruggiero Chief Business Officer 4,100,000
---------------------------- ---------------------
Hilary Spence Chief Financial Officer 4,336,000
---------------------------- ---------------------
PDMR / VP Global Sales and
Brad Selman Marketing 700,000
---------------------------- ---------------------
Chris Wattengel PDMR / VP Global R&D 1,250,000
---------------------------- ---------------------
Kevin Darling PDMR / VP Tissue Products 1,250,000
---------------------------- ---------------------
Notes:
(1) Details of the prices per Share paid by the individuals in
connection with these exercises are set out in the tables at the
end of this announcement.
The Shares required to satisfy the above exercises (which, in
accordance with the terms of the Rule 15 Proposals, will be
assented to the Offer) are sourced from the Collagen Solutions plc
Employee Benefit Trust.
2. Surrender of underwater options
The Company also announces that, on 18 October 2020, it received
a notification from Jamal Rushdy (Chief Executive Officer) that he
had elected to surrender, for no consideration, options to acquire
a total of 6,000,000 Shares that had previously been granted to him
pursuant to the EMI Scheme but which had an exercise price in
excess of the 6.5p per Share consideration payable under the
Offer.
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 Jamal Rushdy
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------
1. GBP0.0525 1,700,000
--- ---------- ---------------------
2. GBP0.0390 2,025,000
--- ---------- ---------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Surrender of "underwater" options over Shares
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------
1. Nil 3,300,000
--- --------- ---------------------
2. Nil 2,700,000
--- --------- ---------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-18
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------
a) Name Lou Ruggiero
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status Chief Business Officer
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------
1. GBP0.03625 100,000
--- ----------- ---------------------
2. GBP0.03650 2,000,000
--- ----------- ---------------------
3. GBP0.03850 1,000,000
--- ----------- ---------------------
4. GBP0.03850 1,000,000
--- ----------- ---------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
---- -----------------------------------------------------------------------------
a) Name Hilary Spence
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------
1. GBP0.0270 2,000,000
--- ---------- ---------------------
2. GBP0.0385 1,000,000
--- ---------- ---------------------
3. GBP0.0385 1,000,000
--- ---------- ---------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc Deferred Bonus Plan
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------
nil 336,000
---------- -------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------
a) Name Brad Selman
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status PDMR / VP Global Sales and Marketing
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------
1. GBP0.0575 500,000
--- ---------- -------------------
2. GBP0.0385 200,000
--- ---------- -------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------
a) Name Chris Wattengel
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status PDMR / VP Global R&D
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------
1. GBP0.0525 500,000
--- ---------- -------------------
2. GBP0.0385 750,000
--- ---------- -------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
-----------------------------------------------------------------------------
a) Name Kevin Darling
---- -------------------------- -------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------
a) Position/status PDMR / VP Tissue Products
---- -------------------------- -------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
---- -------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -----------------------------------------------------------------------------
a) Name Collagen Solutions plc
---- -------------------------- -------------------------------------------------
b) LEI 213800IFY1CVGRGETL95
---- -------------------------- -------------------------------------------------
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 Ordinary shares of 1p each ("Shares")
the financial
instrument, type
of instrument
----
Identification ISIN Code: GB00B94T6Y14
code
---- -------------------------- -------------------------------------------------
b) Nature of the Acquisition of Shares on the exercise of options
transaction granted pursuant to the Collagen Solutions
plc 2014 Enterprise Management Incentive Scheme
---- -------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------
1. GBP0.05625 500,000
--- ----------- -------------------
2. GBP0.03850 750,000
--- ----------- -------------------
---- -------------------------- -------------------------------------------------
d) Aggregated information Not applicable
* Aggregated volume
* Price
---- -------------------------- -------------------------------------------------
e) Date of the transaction 2020-10-20
---- -------------------------- -------------------------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -------------------------------------------------
Enquiries:
Collagen Solutions Plc Contact via Walbrook
Jamal Rushdy, CEO
Hilary Spence, CFO
Cenkos Securities plc (Nominated Adviser and Broker)
Giles Balleny (Corporate Finance) Tel: 0207 397 8900
Stephen Keys
Walbrook PR Tel: 020 7933 8780 or collagen@walbrookpr.com
Anna Dunphy Mob: 07876 741 001
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END
DSHKKCBQKBDBKKD
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October 20, 2020 02:03 ET (06:03 GMT)
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