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LONDON - Cambridge Nutritional Sciences plc (AIM:CNSL), a medical diagnostics company focused on health and nutrition, announced Thursday it has granted share options to Chief Financial Officer and Executive Director Ajay Patel.
The company granted Patel options over 1,200,000 ordinary shares of 4 pence each, with an exercise price of 4p per share. These options will vest in three tranches: 34% on the second anniversary of the grant date, 33% on the third anniversary, and the remaining 33% on the fourth anniversary of August 21, 2025.
The options are subject to time conditions, good/bad leaver provisions, and require Patel to remain a director of the company on the vesting dates.
Following this grant, Cambridge Nutritional Sciences now has options outstanding over 20,273,843 ordinary shares, representing approximately 8.5% of its total issued share capital. The company noted this represents a reduction from year-end figures, as over 6 million share options have lapsed during that period.
Cambridge Nutritional Sciences is listed on London’s AIM market and specializes in medical diagnostics with a focus on personalized health and nutrition approaches.
The information in this article is based on a company press release.
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