TIDMIDH

RNS Number : 0340Z

Immunodiagnostic Systems Hldgs PLC

18 May 2021

Immunodiagnostic Systems Holdings PLC

Director/PDMR Dealing

18 May 2021

Immunodiagnostic Systems Holdings PLC ("IDS") a specialist producer of manual and automated diagnostic testing kits and instruments for the clinical and research markets, announces that it has granted the following options to persons discharging managerial responsibilities to acquire ordinary shares of 2p in the capital of the Company under the Company's Co-Investment Executive Option Scheme ("Scheme").

 
      Employee                  Position            Grant Date      Number      Exercise 
                                                                   of Options     Price 
 Jaap Stuut            Chief Executive Officer        17-May-21         7,500       1.95 
                      ---------------------------  ------------  ------------  --------- 
 Paul Martin           Chief Financial Officer        17-May-21         6,300       2.75 
--------------------  ---------------------------  ------------  ------------  --------- 
                                                      17-May-21         6,000       1.95 
  -------------------------------------------------------------  ------------  --------- 
 Nicola Trewin         Group HR Director              17-May-21         3,000       1.95 
                      ---------------------------  ------------  ------------  --------- 
 Soenke Weissenborn    Group Operations Director      17-May-21         6,000       2.49 
--------------------  ---------------------------  ------------  ------------  --------- 
                                                      17-May-21         6,000       2.27 
  -------------------------------------------------------------  ------------  --------- 
 

Under this Scheme, participants who purchase ordinary shares in the Company ("Co-Investment Shares") are entitled to three share options for each Co-Investment Share they purchase. The exercise price for the options is set at the price the participant paid for each Co-Investment Share.

The options are subject to the satisfaction of performance conditions and vest after a period of 3 years for the date of purchase of the Co-Investment Share. The options are exercisable over the period of 10 years from the date of grant.

In accordance with the operation of the Scheme in previous years, option awards were due to be granted on 31 March 2021 related to Co-Investment Shares purchased or rolled over in the financial year ended 31 March 2021, however this was not possible owing to the Company being in a close period.

All options granted at this time will be exercisable in full shortly prior to the scheme of arrangement to be implemented to effect the recommended cash offer for IDS by PerkinElmer (UK) Holdings Ltd (as referred to in the announcement made yesterday) becoming effective.

The below notifications, made in accordance with Article 19 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, gives further detail of the number of options awarded.

For further information:

 
 Immunodiagnostic Systems Holdings     Tel : +44 (0)191 
  plc                                   519 0660 
 Paul Martin, Group Finance Director 
 
 Peel Hunt LLP                         Tel : +44 (0)207 
                                        418 8900 
 James Steel 
 Victoria Erskine 
 

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. Jaap Stuut 
                                                  2. Paul Martin 
                                                  3. Nicola Trewin 
                                                  4. Soenke Weissenborn 
                ------------------------------  -------------------------------------------------------------------- 
            2.   Reason for the notification 
                ---------------------------------------------------------------------------------------------------- 
            a.   Position/status                 1. Chief Executive Officer 
                                                  2. Chief Financial Officer 
                                                  3. Group HR Director 
                                                  4. Group Operations Director 
                ------------------------------  -------------------------------------------------------------------- 
            b.   Initial notification            Initial 
                  /Amendment 
                ------------------------------  -------------------------------------------------------------------- 
            3.   Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------------------------------------- 
            a.   Name                            Immunodiagnostic Systems Holdings plc 
                ------------------------------  -------------------------------------------------------------------- 
            b.   LEI                             213800HZMYTD4NGF4L78 
                ------------------------------  -------------------------------------------------------------------- 
            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                     Options over ordinary shares of 2p each in Immunodiagnostic 
                  of the                          Systems Holdings plc 
                  Financial instrument, 
                                                  Ordinary shares 
                  type 
                  of instrument 
                                                  GB00B01YZ052 
                  Identification 
                  code 
                ------------------------------  -------------------------------------------------------------------- 
            b.   Nature of the                   Grant of Options 
                  transaction 
                ------------------------------  -------------------------------------------------------------------- 
            c.   Price(s) and                          Employee         Grant Date      Number      Exercise 
                  volume(s)                                                             of Options     Price 
                                                   Jaap Stuut              17-May-21         7,500       1.95 
                                                                        ------------  ------------  --------- 
                                                   Paul Martin             17-May-21         6,300       2.75 
                                                  --------------------  ------------  ------------  --------- 
                                                                           17-May-21         6,000       1.95 
                                                   ---------------------------------  ------------  --------- 
                                                   Nicola Trewin           17-May-21         3,000       1.95 
                                                                        ------------  ------------  --------- 
                                                   Soenke Weissenborn      17-May-21         6,000       2.49 
                                                  --------------------  ------------  ------------  --------- 
                                                                           17-May-21         6,000       2.27 
                                                   ---------------------------------  ------------  --------- 
                ------------------------------  -------------------------------------------------------------------- 
            d.        Aggregated                        Employee         Grant Date    Number of   Weighted Average 
                       information                                                       Options     Exercise Price 
                        *    Aggregated volume      Paul Martin             17-May-21      12,300   2.360 
                                                                         ------------  ----------  ----------------- 
                                                    Soenke Weissenborn      17-May-21      12,000   2.380 
                        *    Price                                       ------------  ----------  ----------------- 
                ------------------------------  -------------------------------------------------------------------- 
            e.   Date of the                     17-May-21 
                  transaction 
                ------------------------------  -------------------------------------------------------------------- 
            f.   Place of the                    Outside trading venue - shares to be admitted 
                  transaction                     to AIM market of London Stock Exchange plc on 
                                                  exercise of options 
                ------------------------------  -------------------------------------------------------------------- 
 

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