Premaitha Health exercises grant of share options
Molecular diagnostics group Premaitha Health on Monday reported that it has made a grant of share options to staff.
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The company said it had issued 3.8m options, over ordinary shares under the company's enterprise management incentive as well as unapproved share option schemes, to a number of managers and key staff in lieu of cash bonuses, exercisable in three tranches over three financial years and subject to certain performance conditions up to 29 October 2027, at a price of 10 pence per share.
The company reported it has 40m shares to date under option and a further 86.1m shares under warrant, having taken into consideration the issue of new options and lapsed options.
The issued share capital of the company comprised of 321.2m ordinary shares of 0.1p each, added the company.