Valereum PLC - Issue of Employee Share Options
Announcement provided by
Valereum Plc · VLRM07/10/2024 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
07/10/2024
Valereum Plc
("Valereum" or the "Company")
Issue of Employee Share Options
To create alignment across the senior management team Valereum Plc announces that it has awarded share options ("Options") over a total of 4,510,000 ordinary shares to the Head of VLRM Markets and Head of VLRM Technology Verticals. The Options are tax-advantaged options that require a minimum holding period of 2 years from the date of being granted to qualify for the full tax advantages and are subject to a lock-in period of 1 year from the date of issue of the Options. They are exercisable at a cost of
The awards ensure the senior executive team are now in line (excluding the CEO and Chairman). We anticipate no further awards being made to existing team members outside of the approved annual remuneration scheme, as announced in May this year.
Chairman, James Formolli, commented:
"I firmly believe that as we ensure our team is fully motivated and incentivised to develop Valereum Plc, they must be in line with the interests of our shareholders. This alignment of goals will benefit all involved as we move forward together.
I'm excited about the rest of 2024 and what 2025 holds for Valereum Plc, as we continue building on momentum and execute our strategic vision".
For further information, please contact as follows:
Enquiries:
Valereum Plc
James Formolli, Chairman
Tel: +44 7938 767319
Stanford Capital Partners
Bob Pountney
Patrick Claridge
Tel: 023 3650 3650
First Sentinel Corporate Finance
AQSE Corporate Adviser
Brian Stockbridge
Tel: +44 20 3855 5551
The Directors of the Company accept responsibility for the contents of this announcement.
For more information, please visit the Company's website at www.vlrm.com
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. Adrian Hogg 2. Daryl Mcfarlane |
||||
|
2. |
Reason for the Notification |
|||||
|
a) |
Position/status |
1. Head of VLRM Markets 2. Head of VLRM Technology Verticals |
||||
|
b) |
Initial notification / Amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Valereum Plc |
||||
|
b) |
LEI |
213800EJ8BFEQQ9POX79 |
||||
|
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 0.1p each |
||||
|
|
Identification Code |
GI000A2P2W41 |
||||
|
b) |
Nature of the transaction |
Grant of options |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Single transaction, see details in item (c) above |
||||
|
e) |
Date of the transaction |
1. 01 October 2024 2. 01 October 2024 |
||||
|
f) |
Place of the Transaction |
Outside a trading venue |
||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
