UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 3.02 Unregistered Sales of Equity Securities
Item 5.02 Departure of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 8, 2024, Bryan Kobel, the chief executive officer of TC Biopharm (Holdings) PLC (the “Company”) agreed to (a) defer the payment of accrued but unpaid contractual pension benefits owed to him in the amount of $66,000 for a period of 9 months and (b) convert an aggregate amount of $24,760 of accrued but unpaid contractual pension benefits owed to him into 476,153 ordinary shares, par value £0.0001 per share (the “Ordinary Shares”) of Company, based on a price per share equal to the closing price of the Company’s american depositary shares (the “ADSs”) on the Nasdaq Capital Market on March 7, 2024 divided by twenty (20), or the ADS ratio. In addition, the board of directors (the “Board”) approved a grant of options to Mr. Kobel purchase 153,000 ADSs, or ADSs representing 3,060,000 Ordinary Shares at an exercise price of $2.00 per ADS, which is a premium to the closing price of the Company’s ADSs on the Nasdaq Capital Market on March 7, 2024. The options granted to Mr. Kobel were issued under the Company’s 2021 Shares Option Scheme (the “Plan”). All share options that were issued vested immediately. For a more detailed description of the Plan, see “Equity Compensation Plans” under Item 6B of the Company’s Annual Report on 20-F for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 12, 2024 | ||
| TC BIOPHARM (HOLDINGS) PLC | ||
| By: | /s/ Martin Thorp | |
| Martin Thorp | ||
Chief Financial Officer | ||
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