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LONDON - NIOX Group plc (AIM:NIOX), a company listed on the AIM market, disclosed that two directors, Ian Johnson and Jonathan Emms, exercised share options on Monday. These options were granted as part of the company’s Performance Share Plan in previous years.
The exercise involved the issuance of 6,272,099 new ordinary shares and the transfer of 6,000,000 shares from the company’s treasury. Ian Johnson exercised 7,331,897 options, resulting in the issuance of 1,331,897 new shares and the transfer of 6,000,000 treasury shares. Jonathan Emms exercised 4,940,202 options, which were all newly issued shares.
To cover tax liabilities and associated costs from the exercise, the directors sold a total of 6,670,555 shares at a price of 65.0 pence per share on the same day. Following the transaction, Ian Johnson’s holding increased to 4,478,336 shares, representing a 1.07% stake in the company, while Jonathan Emms now holds 3,263,400 shares, a 0.78% interest.
The company also reported that two non-PMDRs (Persons Discharging Managerial Responsibilities) exercised options over 5,054,483 ordinary shares. This was satisfied by issuing 1,054,483 new shares and transferring 4,000,000 shares from treasury.
After these exercises and transactions, NIOX Group’s issued share capital consists of 416,682,529 ordinary shares with equal voting rights. The company no longer holds any shares in treasury, setting the total number of voting rights in the company at 416,682,529.
Shareholders may use this total voting rights figure as the denominator for calculating changes in their shareholding interests, in compliance with the FCA’s Disclosure and Transparency Rules.
The new ordinary shares issued are subject to an existing block admission and will rank equally with the existing ordinary shares of the company.
This announcement is based on a press release statement from NIOX Group plc.
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