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Horizon Discovery Group Plc
Horizon Discovery Gp - Exercise of Options, Issue of Equity & Rule 2.9
21st December 2020, 15:59
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RNS Number : 4225J
Horizon Discovery Group plc
21 December 2020
 

Horizon Discovery Group plc

("Horizon" or the "Company")

 

Exercise of Options, Issue of Equity and Rule 2.9 announcement

 

Cambridge, UK - 21 December 2020: Horizon Discovery Group plc (LSE: HZD), a cell engineering company focused on commercialising the application of gene editing and gene modulation, announces that, following the Court sanctioning the Scheme in relation with the recommended cash offer by PerkinElmer UK earlier today, the Company has today allotted and issued a total of 5,850,657 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") pursuant to the exercise of options. This comprises 4,000,443 options exercised today, 21 December 2020, by certain employees and former employees and 1,850,214 options exercised today by the following PDMRs:

 

Name

Number of options exercised

Respective option plan

Exercise Price per share

Ian Gilham

57,300

EMI Scheme

£0.6774

Ian Gilham

85,950

EMI Scheme

£0.8726

Jayesh Pankhania

17,167

LTIP

£1.7475

Jayesh Pankhania

111,588

LTIP

£1.7475

Jayesh Pankhania

45,064

LTIP

£0.01

Jayesh Pankhania

419,817

LTIP

£1.64

Jayesh Pankhania

57,712

LTIP

£0.01

Siddhartha Kadia

150,000

LTIP

£1.03

Terry Pizzie

60,185

LTIP

£1.62

Terry Pizzie

7,812

LTIP

£0.01

Terry Pizzie

15,031

LTIP

£1.57

Terry Pizzie

41,401

LTIP

£0.01

Terry Pizzie

70,730

LTIP

£0.01

Terry Pizzie

624,594

LTIP

£1.64

Terry Pizzie

85,863

LTIP

£0.01

 

As a result of the option exercises, the PDMRs have increased their shareholdings as detailed below:

 

 

Options exercised in aggregate

No. of ordinary shares in which the Directors (or their close relatives) had an interest before the option exercise

No. of ordinary shares held in the Company following the option exercises

Ian Gilham

143,250

145,592

288,842

Terry Pizzie

905,616

42,285

947,901

Jayesh Pankhania

651,348

90,768

742,116

Siddhartha Kadia

150,000

0

150,000

 

As a result of the exercise of options, application has been made for the 5,850,657 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 22 December 2020. The new Ordinary Shares will rank pari passu with the existing shares of the Company.

In accordance with Rule 2.9 of the City Code on Takeovers and Mergers, Horizon confirms that, on 21 December 2020 (the date of this announcement), it has 164,214,591 ordinary shares of £0.01 each in issue. The International Securities Identification Number ("ISIN") for the Company's ordinary shares is GB00BK8FL363.

The above figure (164,214,591) may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement (the "Announcement"), unless otherwise defined, have the same meanings as set out in the Scheme Document.

 

Enquiries:

Horizon

Terry Pizzie, Chief Executive Officer                                                         Tel: +44 (0) 122365 5580 

Jayesh Pankhania, Chief Financial Officer

Jon Davies, Head of Investor Relations

Evercore (Lead Financial Adviser to Horizon)

Simon Elliott                                                                                               Tel: +44 (0) 20 7653 6000

Edward Banks

Numis (Joint Financial Adviser, Broker and NOMAD to Horizon)

Freddie Barnfield                                                                                        Tel: +44 (0) 20 7260 1000

Stuart Ord

Duncan Monteith

Consilium Strategic Communications (Financial Media and UK Investor Relations Adviser to Horizon)

Mary-Jane Elliott                                                                                         Tel: +44 (0) 7720 088 468

Matthew Neal

Melissa Gardiner

 

1.

Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA')

a)

Name

Ian Gilham

2.

Reason for notification

a)

Position / status

Non-executive Chairman

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Name

Horizon Discovery Group plc

b)

LEI

213800L812B9NI5M3G89

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Options over ordinary shares of £0.01 each


ISIN: GB00BK8FL363

b)

Nature of the transaction

Exercise of options

 

c)

Price(s) and volume(s)

 

Number of options

Exercise Price per share

57,300

£0.6774

85,950

£0.8726

 

 

d)

Aggregated information

Aggregated volume

Price

 

143,250

£113,814.99

e)

Date of the transaction

21 December 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1.

Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA')

a)

Name

Terry Pizzie

2.

Reason for notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Name

Horizon Discovery Group plc

b)

LEI

213800L812B9NI5M3G89

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Options over ordinary shares of £0.01 each


ISIN: GB00BK8FL363

b)

Nature of the transaction

Exercise of options

 

c)

Price(s) and volume(s)

 

Number of options

Exercise Price per share

60,185

£1.62

7,812

£0.01

15,031

£1.57

41,401

£0.01

70,730

£0.01

624,594

£1.64

85,863

£0.01

d)

Aggregated information

Aggregated volume

Price

 

905,616

£1,147,490.59

e)

Date of the transaction

21 December 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

 

1.

Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA')

a)

Name

Jayesh Pankhania

2.

Reason for notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Name

Horizon Discovery Group plc

b)

LEI

213800L812B9NI5M3G89

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Options over ordinary shares of £0.01 each


ISIN: GB00BK8FL363

b)

Nature of the transaction

Exercise of options

 

c)

Price(s) and volume(s)

 

Number of options

Exercise Price per share

17,167

£1.7475

111,588

£1.7475

45,064

£0.01

419,817

£1.64

57,712

£0.01

d)

Aggregated information

Aggregated volume

Price

 

651,348

£914,527.00

e)

Date of the transaction

21 December 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

1.

Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated with them ('PCA')

a)

Name

Siddhartha Kadia

2.

Reason for notification

a)

Position / status

Non-executive Director

b)

Initial notification / amendment

Initial Notification

3.

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

a)

Name

Horizon Discovery Group plc

b)

LEI

213800L812B9NI5M3G89

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Options over ordinary shares of £0.01 each


ISIN: GB00BK8FL363

b)

Nature of the transaction

Exercise of options

 

c)

Price(s) and volume(s)

 

Number of options

Exercise Price per share

150,000

£1.03

d)

Aggregated information

Aggregated volume

Price

 

150,000

£154,500.00

e)

Date of the transaction

21 December 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

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