Grant of Options and Directors' Interests
03 November 2017
The Board of Sosandar (AIM: SOS) announces that, as stated in its Admission Document dated 10 October 2017, the Company yesterday granted options over 18,024,748 Ordinary Shares in the Company to Directors and employees of the Company. This includes the award of options over Ordinary Shares to the following PDMRs:
| Directors | Options |
| Bill Murray | 400,000 |
| Alison Hall | 8,400,000 |
| Julie Lavington | 8,400,000 |
| Nick Mustoe | 400,000 |
| 17,600,000 |
This is in addition to the following options granted to Directors on 9 October 2017 conditional on Admission and disclosed in the Admission Document:
| Directors | Options |
| Mark Collingbourne | 400,000 |
| Adam Reynolds | 800,000 |
| 1,200,000 |
All the options have an exercise price of £0.151 with an expiry date of the 10th anniversary of the date of grant (subject to performance conditions).
In addition, on Admission the Directors acquired new Ordinary Shares in the Company. The Directors resultant holdings are as follows:
| Director | Number of Ordinary Shares held prior to Admission | Number of New Ordinary Shares issued | Description | Number of Ordinary Shares held on Admission | % of Enlarged Issued Share Capital |
| Bill Murray | - | 345,107 | Subscription Shares | 345,107 | 0.3% |
| Alison Hall | - | 5,309,343 | Consideration Shares | 5,309,343 | 5.0% |
| Julie Lavington | - | 5,309,343 | Consideration Shares | 5,309,343 | 5.0% |
| Mark Collingbourne | 266,667 | 662,252 | Fee Shares | 928,919 | 0.9% |
| Adam Reynolds | 636,299 | 1,324,503 | Fee Shares | 1,960,802 | 1.8% |
| Nick Mustoe | 166,666 | 4,706,203 | Subscription Shares | 4,872,869 | 4.6% |
Terms and expressions used in this announcement shall, unless defined herein or unless the context otherwise requires, have the same meanings as given to them in the Admission Document, a copy of which is available on Sosandar's website at www.sosandar.com.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | William Murray | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director/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 | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Subscription Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 345,107 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
345,107 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 400,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
400,000 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Alison Hall | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Consideration Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 5,309,343 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
5,309,343 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 8,400,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
8,400,000 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Julie Lavington | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Consideration Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 5,309,343 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
5,309,343 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 8,400,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
8,400,000 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Mark Collingbourne | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Fee Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 662,252 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
662,252 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 400,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
400,000 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Adam Reynolds | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Fee Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 1,324,503 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
1,324,503 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 800,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
800,000 15.1p |
||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Nicholas Mustoe | ||||||
| 2 | Reason for notification | |||||||
| a. | Position/Status | Director | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Sosandar plc | ||||||
| b. | LEI | 213800GBJ1RNNUKP2182 | ||||||
| 4 (i) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Subscription Shares | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 4,706,203 | 02.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price |
4,706,203 15.1p | ||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 4 (ii) | 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 0.1p each ISIN: GB00BDGS8G04 |
||||||
| b. | Nature of the transaction | Grant of options | ||||||
| c. | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | Date | ||||||
| 15.1p | 400,000 | 2.11.17 | ||||||
| d. | Aggregated information - Aggregated Volume - Price | 400,000 15.1p | ||||||
| e. | Date of the transaction | 2 November 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange (XLON) | ||||||
Enquiries
| Sosandar plc | |
| Ali Hall, Julie Lavington | c/o Walbrook PR |
| Cairn Financial Advisers LLP (Nominated Adviser) | +44 (0) 20 7213 0880 |
| Liam Murray / Sandy Jamieson | |
| Turner Pope Investments (TPI) Limited (Broker) | +44 (0) 20 3621 4120 |
| Ben Turner / James Pope | |
| Walbrook (Public Relations and Investor Relations) | +44 (0) 20 7933 8780 |
| Paul Cornelius / Gary Middleton | [email protected] |