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DJ Sativa Group PLC Grant of Options

TIDMSATI

RNS Number : 7218Q

Sativa Group PLC

23 June 2020

T he information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Sativa Group Plc

("Sativa" or the "Company" or the "Group")

Grant of Options

23 June 2020

Sativa Group Plc (AQSE: SATI), the UK's leading quoted CBD wellness and medicinal cannabis company, announces that certain options having reverted back to Geremy Thomas from former employees of the Group, having lapsed due to vesting conditions not having been met, have been re-surrended so that 3,076,923 options have been issued to Joseph Colliver, Chief Financial Officer of Sativa, and 1,333,333 options have been issued to Anne Tew, Company Secretary of Sativa. The surrendered options were originally exercisable at 0.5p when granted by the Company to Geremy Thomas, but are now exercisable to Joseph and Anne at a market price of 2.3p per share. One third will vest on the first anniversary of the date of grant, one third on the second anniversary, and one third on the third anniversary. Subject to the Scheme of Arrangement being approved, all options will be locked-in for three years under escrow.

Both Joseph and Anne are key contributors to Sativa's success. We are pleased to add this incentive to their total compensation, noted Henry Lees-Buckley CEO Sativa Group PLC.

The Directors of the Company accept responsibility for the contents of this announcement.

 
Henry Lees-Buckley            Joseph Colliver 
 Chief Executive Officer       Chief Financial Officer 
 Sativa Group Plc              Sativa Group Plc 
 +44 (0) 20 7971 1255          +44 (0) 20 7971 1255 
 enquiries@sativagroup.co.uk   enquiries@sativagroup.co.uk 
 www.sativagroup.co.uk         www.sativagroup.co.uk 
AQSE Growth Market Corporate 
 Adviser 
 Corporate Finance 
 Guy Miller/Allie Feuerlein 
 Peterhouse Capital Limited 
 +44 (0) 20 7220 9795 
 
 
          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                   Joseph Colliver 
      ---------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a/)   Position/status        Chief Finance Officer ( Director, Sativa Group 
                               PLC) 
      ---------------------  ---------------------------------------------------- 
 /b)   Initial notification   Initial notification 
        /Amendment 
      ---------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                    Sativa Group Plc 
      ---------------------  ---------------------------------------------------- 
 b)    LEI                    213800UBHKVCNXTZEZ74 
      ---------------------  ---------------------------------------------------- 
 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 0.25p each 
        of the financial 
        instrument,            ISIN: GB00BFX17474 
        type of instrument 
        Identification 
        code 
      ---------------------  ---------------------------------------------------- 
 b)    Nature of              Grant of options 
        the transaction 
      ---------------------  ---------------------------------------------------- 
 c)    Price(s) and 
        volume(s)               3,076,923 at an exercise price of 2.3p (GBP0.023) 
      ---------------------  ---------------------------------------------------- 
 d)    Aggregated 
        information 
        - Aggregated 
        volume 
        - Price 
      ---------------------  ---------------------------------------------------- 
 e)    Date of the            17 June 2020 
        transaction 
      ---------------------  ---------------------------------------------------- 
 f)    Place of the           AQSE Growth Market 
        transaction 
      ---------------------  ---------------------------------------------------- 
 
 
          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                   Anne Tew 
      ---------------------  ---------------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a/)   Position/status        Company Secretary ( Sativa Group PLC) 
      ---------------------  ---------------------------------------------------- 
 /b)   Initial notification   Initial notification 
        /Amendment 
      ---------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                    Sativa Group Plc 
      ---------------------  ---------------------------------------------------- 
 b)    LEI                    213800UBHKVCNXTZEZ74 
      ---------------------  ---------------------------------------------------- 
 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 0.25p each 
        of the financial 
        instrument,            ISIN: GB00BFX17474 
        type of instrument 
        Identification 
        code 
      ---------------------  ---------------------------------------------------- 
 b)    Nature of              Grant of options 
        the transaction 
      ---------------------  ---------------------------------------------------- 
 c)    Price(s) and 
        volume(s)               1,333,333 at an exercise price of 2.3p (GBP0.023) 
      ---------------------  ---------------------------------------------------- 
 d)    Aggregated 
        information 
        - Aggregated 
        volume 
        - Price 
      ---------------------  ---------------------------------------------------- 
 e)    Date of the            17 June 2020 
        transaction 
      ---------------------  ---------------------------------------------------- 
 f)    Place of the           AQSE Growth Market 
        transaction 
      ---------------------  ---------------------------------------------------- 
 

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(END) Dow Jones Newswires

June 23, 2020 02:00 ET (06:00 GMT)