TIDMABC

RNS Number : 4852R

ABCAM Plc

09 December 2016

 
 For immediate release   9 December 2016 
 

ABCAM PLC

("Abcam" or "the Company")

Non-Executive Director Remuneration

Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the supply of life science research tools, has been notified that, each Non-Executive Director ("NED") purchased ordinary shares of 0.2 pence each in the Company ("Shares") on 8 December 2016 at a price of 785.8803 pence per share pursuant to individual fee agreements entered into by the NEDs with the Company on 15 October 2015 ("Fee Agreements") under which the NEDs agreed to receive part of their fees delivered as a fixed number of Shares.

Under the Fee Agreements, it was agreed that one third of the NEDs' initial total fees for Abcam's financial year ending 30 June 2016 would be delivered as Shares after deductions for PAYE and National Insurance following the announcement of the preliminary results for the year on 12 September 2016. As previously announced, a fixed number of Shares were calculated for each NED by dividing one third of the total fees by the average share price of GBP5.95 (being the average share price for the ten dealing days following the announcement of Abcam's preliminary results for the year ended 30 June 2015). A final reconciliation has now been completed and in order to satisfy the agreed one third of their total fee in Shares, the additional Shares detailed below have been purchased.

Details of the net number of Shares purchased and the total interest in the Company of each NED after the share purchase are set out below:

 
 Non-Executive Director    Net number of Shares purchased   Total holding of Shares 
------------------------  -------------------------------  ------------------------ 
 Louise Patten             431                              38,887 
------------------------  -------------------------------  ------------------------ 
 Mara Aspinall             298                              1,048 
------------------------  -------------------------------  ------------------------ 
 Murray Hennessy           504                              37,323 
------------------------  -------------------------------  ------------------------ 
 Susan Harris              428                              1,615 
------------------------  -------------------------------  ------------------------ 
 

Each of the NEDs has committed not to transfer or sell the Shares during the term of their Non-Executive directorship.

Michael Ross and Anthony Martin, who were Non-Executive Directors of the Company until 31 October 2016, received 78 and 220 Shares respectively 8 December 2016 in respect of their fees for Abcam's financial year ending 30 June 2016

For further information please contact:

 
                                         + 44 (0) 1223 
Abcam                                          696 000 
Suzanne Smith, Company Secretary 
 
J.P.Morgan Cazenove - Nominated            + 44 (0) 20 
 Adviser & Corporate Broker                  7742 4000 
James Mitford / Chris Cargill 
 
                                         + 44 (0) 
FTI Consulting                            20 3727 1000 
Ben Atwell / Brett Pollard / Natalie 
 Garland-Collins 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  --------------------------------------------------------------- 
 a)    Name                          Louise Patten 
----  ----------------------------  --------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status               Senior Independent Director 
----  ----------------------------  --------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
----  ----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                          Abcam plc 
----  ----------------------------  --------------------------------- 
 b)    Legal Entity                  N/A 
        Identifier 
----  ----------------------------  --------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------- 
 a)    Description                   Ordinary shares of 0.2 pence 
        of the financial              each 
        instrument, 
        type of instrument 
 
        Identification                GB00B6774699 
        code 
----  ----------------------------  --------------------------------- 
 b)    Nature of                     Purchase of shares pursuant to 
        the transaction               individual fee arrangements 
----  ----------------------------  --------------------------------- 
 c)    Currency                      GBP 
----  ----------------------------  --------------------------------- 
 d)    Price(s) and                     Price(s)         Volume(s) 
        volume(s) 
----  ----------------------------  ---------------  ---------------- 
                                     7.858803         431 
 ---------------------------------  ---------------  ---------------- 
 
 e)    Aggregated 
        information 
   - Aggregated                       431 
    volume 
   - Price                             7.858803 
   - Aggregated                        3,387.14 
    total 
 ---------------------------------  --------------------------------- 
 f)    Date of the                   8 December 2016 
        transaction 
----  ----------------------------  --------------------------------- 
 g)    Place of the                  London Stock Exchange, AIM 
        transaction 
----  ----------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  --------------------------------------------------------------- 
 a)    Name                          Mara Aspinall 
----  ----------------------------  --------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status               Non-Executive Director 
----  ----------------------------  --------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
----  ----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                          Abcam plc 
----  ----------------------------  --------------------------------- 
 b)    Legal Entity                  N/A 
        Identifier 
----  ----------------------------  --------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------- 
 a)    Description                   Ordinary shares of 0.2 pence 
        of the financial              each 
        instrument, 
        type of instrument 
 
        Identification                GB00B6774699 
        code 
----  ----------------------------  --------------------------------- 
 b)    Nature of                     Purchase of shares pursuant to 
        the transaction               individual fee arrangements 
----  ----------------------------  --------------------------------- 
 c)    Currency                      GBP 
----  ----------------------------  --------------------------------- 
 d)    Price(s) and                     Price(s)         Volume(s) 
        volume(s) 
----  ----------------------------  ---------------  ---------------- 
                                     7.858803         298 
 ---------------------------------  ---------------  ---------------- 
 
 e)    Aggregated 
        information 
   - Aggregated                       298 
    volume 
   - Price                             7.858803 
   - Aggregated                        2,341.92 
    total 
 ---------------------------------  --------------------------------- 
 f)    Date of the                   8 December 2016 
        transaction 
----  ----------------------------  --------------------------------- 
 g)    Place of the                  London Stock Exchange, AIM 
        transaction 
----  ----------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  --------------------------------------------------------------- 
 a)    Name                          Murray Hennessy 
----  ----------------------------  --------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status               Chairman 
----  ----------------------------  --------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
----  ----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                          Abcam plc 
----  ----------------------------  --------------------------------- 
 b)    Legal Entity                  N/A 
        Identifier 
----  ----------------------------  --------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------- 
 a)    Description                   Ordinary shares of 0.2 pence 
        of the financial              each 
        instrument, 
        type of instrument 
 
        Identification                GB00B6774699 
        code 
----  ----------------------------  --------------------------------- 
 b)    Nature of                     Purchase of shares pursuant to 
        the transaction               individual fee arrangements 
----  ----------------------------  --------------------------------- 
 c)    Currency                      GBP 
----  ----------------------------  --------------------------------- 
 d)    Price(s) and                     Price(s)         Volume(s) 
        volume(s) 
----  ----------------------------  ---------------  ---------------- 
                                     7.858803         504 
 ---------------------------------  ---------------  ---------------- 
 
 e)    Aggregated 
        information 
   - Aggregated                       504 
    volume 
   - Price                             7.858803 
   - Aggregated                        3,960.83 
    total 
 ---------------------------------  --------------------------------- 
 f)    Date of the                   8 December 2016 
        transaction 
----  ----------------------------  --------------------------------- 
 g)    Place of the                  London Stock Exchange, AIM 
        transaction 
----  ----------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial 
        responsibilities/person closely associated 
----  --------------------------------------------------------------- 
 a)    Name                          Susan Harris 
----  ----------------------------  --------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status               Non-Executive Director 
----  ----------------------------  --------------------------------- 
 b)    Initial notification          Initial Notification 
        /Amendment 
----  ----------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                          Abcam plc 
----  ----------------------------  --------------------------------- 
 b)    Legal Entity                  N/A 
        Identifier 
----  ----------------------------  --------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------------- 
 a)    Description                   Ordinary shares of 0.2 pence 
        of the financial              each 
        instrument, 
        type of instrument 
 
        Identification                GB00B6774699 
        code 
----  ----------------------------  --------------------------------- 
 b)    Nature of                     Purchase of shares pursuant to 
        the transaction               individual fee arrangements 
----  ----------------------------  --------------------------------- 
 c)    Currency                      GBP 
----  ----------------------------  --------------------------------- 
 d)    Price(s) and                     Price(s)         Volume(s) 
        volume(s) 
----  ----------------------------  ---------------  ---------------- 
                                     7.858803         428 
 ---------------------------------  ---------------  ---------------- 
 
 e)    Aggregated 
        information 
   - Aggregated                       428 
    volume 
   - Price                             7.858803 
   - Aggregated                        3,363.56 
    total 
 ---------------------------------  --------------------------------- 
 f)    Date of the                   8 December 2016 
        transaction 
----  ----------------------------  --------------------------------- 
 g)    Place of the                  London Stock Exchange, AIM 
        transaction 
----  ----------------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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