ANNOUNCEMENT: Grant of MIP Shares

The 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 MIP Shares

26 August 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 2,000,000 management incentive plan (MIP) Shares have been issued to George Thomas, Managing Director of Goodbody Botanicals LTD, 500,000 MIP Shares have been issued to Anne Tew, Company Secretary of Sativa, and 423,077 MIP Shares to other employees of the Group. The surrendered options were originally exercisable at 0.5p when granted by the Company to Geremy Thomas, but are now exercisable at a market price of 2.35p 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, Anne Tew’s options will be locked-in for three years under escrow.

These employees 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
Chief Executive Officer
Sativa Group Plc
+44 (0) 20 7971 1255
enquiries@sativagroup.co.uk
www.sativagroup.co.uk

Joseph Colliver
Chief Financial Officer
Sativa Group Plc
+44 (0) 20 7971 1255
enquiries@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

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