Allergy Therapeutics (AGY)

 

LSE:AGY: Grant of Awards

Allergy Therapeutics

30 Dec 2016 14:31:03

Allergy Therapeutics

RNS Number : 1108T
Allergy Therapeutics PLC
30 December 2016
 

 

30 December 2016

Allergy Therapeutics plc

("Allergy Therapeutics" or the 'Company")

 

Grant of Awards under Long Term Incentive Plan

 

Allergy Therapeutics (AIM:AGY), the fully integrated pharmaceutical company specialising in allergy vaccines, announces that, pursuant to the Company's Long Term Incentive Plan ("LTIP") the following conditional awards of shares of 0.1 pence each were made to Executive Directors at nominal cost of 0.1 pence each on 30 December 2016.

 

Executive Director

Number of Conditional shares awarded

Total conditional shares held under LTIPs

Manuel Llobet

1,690,000

3,380,000

Nick Wykeman

422,500

422,500

 

The issuance and distribution of ordinary shares of 0.1 pence each under the LTIP is conditional on the satisfaction of performance conditions which include an earnings growth test over a three year testing period to 30 June 2019 and share price growth over the 3 year plan cycle.

 

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

 

 

Manuel Llobet

Nicolas Wykeman

2

 

Reason for the notification

Grant of conditional awards of 0.1 pence each

 

a)

 

Position/status

 

 

Manual Llobet - Chief Executive Office

Nicolas Wykeman - Finance Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

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

 

a)

 

Name

 

 

ALLERGY THERAPEUTICS PLC

b)

 

LEI

 

 


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

 

Conditional award of shares under the Company's Long Term Incentive Plan

 

 

 

b)

 

Nature of the transaction

 


c)

 

Price(s) and volume(s)

 

 

 1,690,000

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

e)

 

Date of the transaction

 

30 December 2016

f)

 

Place of the transaction

 

Outside a trading venue

 

Name of authorised official of issuer responsible for making notification:

 

Allergy Therapeutics

+44 (0) 1903 845 820


Manuel Llobet, Chief Executive Officer


Nick Wykeman, Finance Director






Panmure Gordon

+44 (0) 20 7886 2500

Freddy Crossley / Duncan Monteith, Corporate Finance

Tom Salvesen, Corporate Broking

 


Consilium Strategic Communications

+44 20 3709 5700

Mary-Jane Elliott / Ivar Milligan

[email protected]

 


 

Note to editors:

 

About Allergy Therapeutics

Allergy Therapeutics is an international specialty pharmaceutical company focussed on the treatment and diagnosis of allergic disorders including immunotherapy vaccines that cure disease.  The Company sells proprietary products and third party products from its subsidiaries in nine major European countries and via distribution agreements in an additional ten countries.

 

Formed in 1999 out of Smith Kline Beecham, Allergy Therapeutics is headquartered in Worthing, UK with MHRA-approved manufacturing facilities.  The Company employs c.420 employees and is listed on the London Stock Exchange (AIM:AGY). For more information, please see www.allergytherapeutics.com.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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