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Sativa Group PLC - Grant of MIP Shares

RNS Number : 2583X
Sativa Group PLC
26 August 2020
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. 

 

 

Sativa Group Plc

("Sativa" or the "Company" or the "Group")

 

Grant of MIP Shares

26 August 2020

 

Sativa Group Plc (AQSE: SATI), the UK's leading quoted CBD wellness and medicinal cannabis company,  announces that certain options having reverted back to Geremy Thomas from former employees of the Group, having lapsed due to vesting conditions not having been met, have been re-surrended so that 2,000,000 management incentive plan (MIP) Shares have been issued to George Thomas, Managing Director of Goodbody Botanicals LTD, 500,000 MIP Shares have been issued to Anne Tew, Company Secretary of Sativa, and 423,077 MIP Shares to other employees of the Group. The surrendered options were originally exercisable at 0.5p when granted by the Company to Geremy Thomas, but are now exercisable at a market price of 2.35p per share. One third will vest on the first anniversary of the date of grant, one third on the second anniversary, and one third on the third anniversary. Subject to the Scheme of Arrangement being approved, Anne Tew's options will be locked-in for three years under escrow. 

 

These employees are key contributors to Sativa's success. We are pleased to add this incentive to their total compensation, noted Henry Lees-Buckley CEO Sativa Group PLC.

 

The Directors of the Company accept responsibility for the contents of this announcement.

 

Henry Lees-Buckley 

Chief Executive Officer

Sativa Group Plc

+44 (0) 20 7971 1255

enquiries@sativagroup.co.uk

www.sativagroup.co.uk

 

Joseph Colliver

Chief Financial Officer

Sativa Group Plc

+44 (0) 20 7971 1255

enquiries@sativagroup.co.uk

www.sativagroup.co.uk

 

AQSE Growth Market Corporate Adviser

Corporate Finance 

Guy Miller/Allie Feuerlein

Peterhouse Capital Limited

+44 (0) 20 7220 9795


 

 

 

 

 

 

 

 

 

 

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

George Thomas

2

Reason for the notification

a/)

Position/status

Managing Director, Goodbody Botanicals LTD

/b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Sativa Group Plc

b)

LEI

213800UBHKVCNXTZEZ74

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

Identification code

Ordinary shares of 0.25p each

 

ISIN: GB00BFX17474

b)

Nature of the transaction

Grant of MIP Shares

c)

Price(s) and volume(s)

 

2,000,000 at an exercise price of 2.35p (£0.0235)

d)

Aggregated information

- Aggregated volume

- Price


e)

Date of the transaction

26 August 2020

f)

Place of the transaction

AQSE Growth Market

 

 

 

 

 

 

 

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

Anne Tew

2

Reason for the notification

a/)

Position/status

Company Secretary (Sativa Group PLC)

/b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 Sativa Group Plc

b)

LEI

213800UBHKVCNXTZEZ74

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

Identification code

Ordinary shares of 0.25p each

 

ISIN: GB00BFX17474

 

b)

Nature of the transaction

Grant of MIP Shares

c)

Price(s) and volume(s)

 

500,000 at an exercise price of 2.35p (£0.0235)

d)

Aggregated information

- Aggregated volume

- Price

 

 

e)

Date of the transaction

26 August 2020

f)

Place of the transaction

AQSE Growth Market

 

 

 

 

 

 

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Market: AQSE
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