THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION
("Pensana" or the "Company")
Grant of Share Awards
Long Term Incentive Awards
Following these grants, a total of 15,906,250 Share Awards are outstanding, which represents approximately 5.39 per cent of the Company's existing issued share capital of 295,228,239 Ordinary Shares.
Executive Directors
The following new Share Awards have been granted to Executive Directors of the Company:
_____________________________________________________________________________ | | |Number of New Share| |Total Share Awards | |Name |Position|Awards Granted |Vesting Period|Held Following This| | | | | |Grant | |_____________|________|___________________|______________|___________________| |Paul Atherley|Chairman|2,750,000 |3 years |2,750,000 | |_____________|________|___________________|______________|___________________| |Tim George |CEO |3,000,000 |3 years |3,562,500 | |_____________|________|___________________|______________|___________________| |Robert Kaplan|CFO |2,500,000 |3 years |2,856,250 | |_____________|________|___________________|______________|___________________|
The new Share Awards set out in the table above for Executive Directors are subject to the satisfaction of certain performance conditions to be interpreted at the discretion of the Remuneration Committee over the three-year review period. Upon vesting, no consideration is payable. Subject to vesting and such performance conditions being met, the new Share Awards will be allocated to the participant as fully paid ordinary shares.
Senior Management and Employees
A further 5,650,000 Share Awards, in aggregate, have been granted to certain other members of senior management and employees. For the purposes of the allocation, the 30 -day VWAP for the period ended
Vesting of FY 2024 long term incentive awards
Of the FY2024 long term incentive awards, 1,043,750 shares have vested in favour of directors and employees following the meeting of performance criteria, with the following shares having vested in favour of the Executive Directors:
_____________________________________________________________ |Name |Position|Number of Vested LTI 2024 Share Awards| |_____________|________|______________________________________| |Tim George |CEO |187,500 | |_____________|________|______________________________________| |Robert Kaplan|CFO |118,750 | |_____________|________|______________________________________|
Short Term Incentive Awards
Further, on
Executive Directors
The following short term incentive share awards have been granted to Executive Directors and Officers of the Company:
_________________________________________________________ |Name |Position|Number of New Share Awards Granted| |_____________|________|__________________________________| |Paul Atherley|Chairman|1,500,000 | |_____________|________|__________________________________| |Tim George |CEO |1,750,000 | |_____________|________|__________________________________| |Robert Kaplan|CFO |1,500,000 | |_____________|________|__________________________________|
Senior Management and Employees
A further 2,900,000 short term incentive share awards, in aggregate, have been granted to certain other members of senior management and employees.
The shares have been awarded subject to restrictions from the Company and will be issued in due course.
The notifications below are made in accordance with the requirements of MAR .
PDMR Notification Forms
________________________________________________________________________ |1 |Details of the person discharging managerial responsibilities/person | | |closely associated | |__|_____________________________________________________________________| |a)|Name |Tim George | |__|______________________________|______________________________________| |2 |Reason for the notification | |__|_____________________________________________________________________| |a)|Position/status |CEO | |__|______________________________|______________________________________| |b)|Initial notification/Amendment|Initial notification | |__|______________________________|______________________________________| |3 |Details of the issuer, emission allowance market participant, auction| | |platform, auctioneer or auction monitor | |__|_____________________________________________________________________| |a)|Name |Pensana Plc | |__|______________________________|______________________________________| |b)|LEI |213800H4QP6T9499RU64 | |__|______________________________|______________________________________| | |Details of the transaction(s): section to be repeated for (i) each | |4 |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 |Ordinary shares of 1p each | | |instrument, type of instrument| | |__|______________________________|______________________________________| | |Identification code |GB00BKM0ZJ18 | |__|______________________________|______________________________________| | | |Grant of Long Term Incentive Share | | | |Awards (LTIs) | | | | | |b)|Nature of the transaction |Vesting of FY 2024 long term incentive| | | |awards (FY24 LTIs) | | | | | | | |Short Term Incentive Awards (STIs) | |__|______________________________|______________________________________| | | |Price: N/A | | | | | | | |Volumes: | | | | | |c)|Price(s) and volume(s) |LTIs: 3,000,000 | | | | | | | |FY24 LTIs: 187,500 | | | | | | | |STIs: 1,750,000 | |__|______________________________|______________________________________| | | |Aggregated volume: 4,937,500 | |d)|Aggregated information | | | | |Price: N/A | |__|______________________________|______________________________________| |e)|Date of the transaction |18 April 2025 | |__|______________________________|______________________________________| |f)|Place of the transaction |Outside a trading venue | |__|______________________________|______________________________________|
________________________________________________________________________ |1 |Details of the person discharging managerial responsibilities/person | | |closely associated | |__|_____________________________________________________________________| |a)|Name |Robert Kaplan | |__|______________________________|______________________________________| |2 |Reason for the notification | |__|_____________________________________________________________________| |a)|Position/status |CFO | |__|______________________________|______________________________________| |b)|Initial notification/Amendment|Initial notification | |__|______________________________|______________________________________| |3 |Details of the issuer, emission allowance market participant, auction| | |platform, auctioneer or auction monitor | |__|_____________________________________________________________________| |a)|Name |Pensana Plc | |__|______________________________|______________________________________| |b)|LEI |213800H4QP6T9499RU64 | |__|______________________________|______________________________________| | |Details of the transaction(s): section to be repeated for (i) each | |4 |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 |Ordinary shares of 1p each | | |instrument, type of instrument| | |__|______________________________|______________________________________| | |Identification code |GB00BKM0ZJ18 | |__|______________________________|______________________________________| | | |Grant of Long Term Incentive Share | | | |Awards (LTIs) | | | | | |b)|Nature of the transaction |Vesting of FY 2024 long term incentive| | | |awards (FY24 LTIs) | | | | | | | |Short Term Incentive Awards (STIs) | |__|______________________________|______________________________________| | | |Price: N/A | | | | | | | |Volumes: | | | | | |c)|Price(s) and volume(s) |LTIs: 2,500,000 | | | | | | | |FY24 LTIs: 118,750 | | | | | | | |STIs: 1,500,000 | |__|______________________________|______________________________________| | | |Aggregated volume: 4,118,750 | |d)|Aggregated information | | | | |Price: N/A | |__|______________________________|______________________________________| |e)|Date of the transaction |18 April 2025 | |__|______________________________|______________________________________| |f)|Place of the transaction |Outside a trading venue | |__|______________________________|______________________________________|
_____________________________________________________________________ |1 |Details of the person discharging managerial | | |responsibilities/person closely associated | |__|__________________________________________________________________| |a)|Name |Paul Atherley | |__|______________________________|___________________________________| |2 |Reason for the notification | |__|__________________________________________________________________| |a)|Position/status |Chairman | |__|______________________________|___________________________________| |b)|Initial notification/Amendment|Initial notification | |__|______________________________|___________________________________| |3 |Details of the issuer, emission allowance market participant, | | |auction platform, auctioneer or auction monitor | |__|__________________________________________________________________| |a)|Name |Pensana Plc | |__|______________________________|___________________________________| |b)|LEI |213800H4QP6T9499RU64 | |__|______________________________|___________________________________| | |Details of the transaction(s): section to be repeated for (i) each| |4 |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 |Ordinary shares of 1p each | | |instrument, type of instrument| | |__|______________________________|___________________________________| | |Identification code |GB00BKM0ZJ18 | |__|______________________________|___________________________________| | | |Grant of Long Term Incentive Share | |b)|Nature of the transaction |Awards (LTIs) | | | | | | | |Short Term Incentive Awards (STIs) | |__|______________________________|___________________________________| | | |Price: N/A | | | | | | | |Volumes: | |c)|Price(s) and volume(s) | | | | |LTIs: 2,750,000 | | | | | | | |STIs: 1,500,000 | |__|______________________________|___________________________________| | | |Aggregated volume: 4,250,000 | |d)|Aggregated information | | | | |Price: N/A | |__|______________________________|___________________________________| |e)|Date of the transaction |18 April 2025 | |__|______________________________|___________________________________| |f)|Place of the transaction |Outside a trading venue | |__|______________________________|___________________________________|
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The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement via a
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