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On 28 October 2026, Candessa AI plc granted options over 4,100,000 ordinary shares to certain employees, consisting of 2,100,000 EMI options and 2,000,000 non-scheme options. The options have exercise prices ranging between 8.8p and 30p, and all carry an expiry date of 27 October 2031. Following this grant, the company has a total of 14,675,000 share options in issue (representing 11.3% of current issued share capital) with a weighted average exercise price of 37.73p.
| Date | 29 Oct 2026 |
| Time | 08:57:07 |
| Category | Miscellaneous |
| ID | 9916A |
29 October 2026
Candessa AI plc
("Candessa AI" or the "Company")
Grant of Share Options
Candessa AI plc (AIM: CAS), a leading provider of AI-led data infrastructure and machine learning solutions, announces the grant of share options over 4,100,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares”) to certain employees.
Options over 2,100,000 Ordinary Shares were granted under the Company’s Enterprise Management Incentive ("EMI") scheme (the "EMI Options"), and options over 2,000,000 Ordinary Shares were granted as unapproved options outside the scheme (the "Non-Scheme Options").
Schedule of EMI Options:
|
|
Position |
Date of grant |
No. Options granted |
Exercise price |
Expiry date |
|
Employees (various) |
N/A |
28 October 2026 |
2,000,000 50,000 50,000 |
8.8p 20p 25p |
27 October 2031 27 October 2031 27 October 2031
|
Schedule of Non-Scheme Options:
|
|
Position |
Date of grant |
No. Options granted |
Exercise price |
Expiry date |
|
Employee |
N/A |
28 October 2026 |
2,000,000 |
30p |
27 October 2031
|
Following the grant of the Options, the Company now has a total of 14,675,000 share options in issue, which represents 11.3% of the current issued share capital, and will represent 10.93% of the enlarged issued share capital following the admission of the new Ordinary Shares pursuant to the Subscription and the Additional Subscription (each as defined in the Company’s announcement made earlier today). The weighted average exercise price of the 14,675,000 options in issue is 37.73p.
For further information, please visit www.candessa.com or contact:
|
Candessa AI plc Richard Bernstein (CEO) |
|
|
Zeus (Nominated Adviser & Broker) David Foreman / James Hornigold |
+44 (0) 20 3829 5000 |
|
CMC Markets (Joint Broker) Doug Crippin |
+44 (0) 20 3003 8632 |