TIDMVLG
RNS Number : 2484G
Venture Life Group PLC
24 November 2020
24 November 2020
Venture Life Group plc
("Venture Life" or the "Company")
PDMR Dealings and Issue of Equity
Further to the announcement made on 20 November 2020 and as
outlined in the Company's circular of the same date the Company
notifies the following PDMR dealings.
-- On 20 November 2020, Jerry Randall, Sharon Daly and Gianluca
Braguti and certain of his associates conditionally agreed to sell
2,752,751 Ordinary Shares (including Ordinary Shares arising on
exercise of EMI Options as outlined below), 1,877,863 Ordinary
Shares (also including Ordinary Shares arising on exercise of EMI
Options as outlined below) and 3,542,729 Ordinary Shares in the
Company, respectively.
-- On 23 November 2020, Jerry Randall, CEO, and Sharon Daly,
CCO, have conditionally exercised a total of 1,735,774 EMI Options.
Of these EMI Options, 1,411,400 have been exercised at a price per
Ordinary Share of 45 pence and 324,374 have been exercised at a
price per Ordinary Share of 41 pence.
Both the issue of options and the sale of shares are conditional
upon the fundraising, announced at 13:00 on 20 November 2020 (RNS
No.0547G) being approved at a General Meeting of Shareholders to be
held on 8 December 2020 and the Placing Shares and Open Offer
Shares being admitted to trading on AIM on 9 December 2020.
If the resolutions that are to be put to Shareholders are passed
at the General Meeting, an application will be made to the London
Stock Exchange for the 1,735,774 new Ordinary Shares resulting from
the option exercise as well as the Placing Shares and Open Offer
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and trading will
commence at 8.00 a.m. on 9 December 2020. The Company will make a
further announcement in this regard once the conditions have been
met.
Capitalised terms used, but not defined, in this announcement
have the same meaning as set out in the Circular.
For further information, please contact:
Venture Life Group PLC +44 (0) 1344 578004
Jerry Randall, Chief Executive Officer
Andrew Waters, Chief Financial Officer
Cenkos Securities plc (Nomad and Joint Broker) +44 (0) 20 7397 8900
Stephen Keys / Camilla Hume/ Cameron MacRitchie (Corporate
Finance)
Russell Kerr / Michael Johnson (Sales)
N+1 Singer (Joint Broker)
Shaun Dobson / Carlo Spingardi (Corporate Finance) +44 (0) 20 7496 3000
Jonathan Dighe (Sales)
About Venture Life ( www.venture-life.com )
Venture Life is an international consumer self-care company
focused on developing, manufacturing and commercialising products
for the global self-care market. With operations in the UK, The
Netherlands and Italy, the Group's product portfolio includes some
key products such as the UltraDEX and Dentyl oral care product
ranges, food supplements for maintaining brain function, medical
devices for women's intimate healthcare, fungal infections and
proctology, and dermo-cosmetics for addressing the signs of
ageing.
The products, which are typically recommended by pharmacists or
healthcare practitioners, are available primarily through
pharmacies and grocery multiples. In the UK and The Netherlands
these are supplied direct by the company to retailers, elsewhere
they are supplied by the Group's international distribution
partners.
Through its Development & Manufacturing business in Italy,
Biokosmes, the Group also provides development and manufacturing
services to companies in the medical devices and cosmetic
sectors.
The Company makes the following disclosures in accordance with
article 19(3) of the Market Abuse Regulation:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Jerry Randall
------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Venture Life Group plc
------------------------- ----------------------------------------
b) LEI 213800S8CZUPLAB2KC70
------------------------- ----------------------------------------
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 Ordinary Shares of 0.3p each in
of the financial Venture Life Group plc
instrument,
type of instrument
------------------------- ----------------------------------------
b) Identification GB00BFPM8908
code
------------------------- ----------------------------------------
c) Nature of the Conditional Exercise of EMI Share
transaction Options and conditional Sales of
Shares
------------------------- ----------------------------------------
d) Price and volumes Shares
2,752,751 shares (including Ordinary
Shares arising on exercise of EMI
Options as detailed below) to be
sold at a price of GBP0.90 per
Ordinary Share
Options
705,700 options have been exercised
at a price of GBP0.45 per Ordinary
Share and 162,187 options have
been exercised at a price of GBP0.41
per Ordinary Share.
------------------------- ----------------------------------------
e) Aggregated information See above
- Aggregated
volume
- Price
------------------------- ----------------------------------------
f) Date of the 20 November 2020 for the sale of
transaction shares (including Ordinary shares
arising on exercise of options)
23 November for the exercise of
options
------------------------- ----------------------------------------
g) Place of the London Stock Exchange
transaction
------------------------- ----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 2. Sharon Daly
----------------------- -------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status 2. Chief Commercial Officer
----------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Venture Life Group plc
----------------------- -------------------------------------------
b) LEI 213800S8CZUPLAB2KC70
----------------------- -------------------------------------------
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 Ordinary Shares of 0.3p each in Venture
of the financial Life Group plc
instrument,
type of instrument
----------------------- -------------------------------------------
b) Identification GB00BFPM8908
code
----------------------- -------------------------------------------
c) Nature of the Conditional Exercise of EMI Share Options
transaction and conditional Sales of Shares
----------------------- -------------------------------------------
d) Price and volumes Shares
1,877,864 shares to be sold to be sold
at a price of GBP0.90 per Ordinary Share
(including Ordinary Shares arising on
exercise of EMI Options as below)
Options
705,700 options have been exercised at
a price of GBP0.45 per Ordinary Share
and 162,187 options have been exercised
at a price of GBP0.41 per Ordinary Share.
----------------------- -------------------------------------------
e) Aggregated information See above
- Aggregated
volume
- Price
----------------------- -------------------------------------------
f) Date of the 20 November 2020 for the sale of shares
transaction (including Ordinary shares arising on
exercise of options)
23 November for the exercise of options
----------------------- -------------------------------------------
g) Place of the London Stock Exchange
transaction
----------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 3. Gianluca Braguti and certain
of his associates
------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status 3. Chief Manufacturing Officer
------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Venture Life Group plc
------------------------- ----------------------------------------
b) LEI 213800S8CZUPLAB2KC70
------------------------- ----------------------------------------
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 Ordinary Shares of 0.3p each in
of the financial Venture Life Group plc
instrument,
type of instrument
------------------------- ----------------------------------------
b) Identification GB00BFPM8908
code
------------------------- ----------------------------------------
c) Nature of the Conditional Sales of Shares
transaction
------------------------- ----------------------------------------
d) Price and volumes Shares
3,542,729 shares to be sold will
be sold at a price of GBP0.90 per
Ordinary Share
------------------------- ----------------------------------------
e) Aggregated information See above
- Aggregated
volume
- Price
------------------------- ----------------------------------------
f) Date of the 20 November 2020
transaction
------------------------- ----------------------------------------
g) Place of the London Stock Exchange
transaction
------------------------- ----------------------------------------
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END
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