Avacta Group PLC Director/PDMR Shareholding (5552O)
August 21 2017 - 7:00AM
UK Regulatory
TIDMAVCT
RNS Number : 5552O
Avacta Group PLC
21 August 2017
21 August 2017
Avacta Group plc
("Avacta", the "Group" or the "Company")
Director/PDMR Shareholding
Avacta Group plc (AIM: AVCT), the developer of Affimer(R)
biotherapeutics and research reagents, announces that its Chief
Executive Officer, Dr Alastair Smith has today purchased 33,225
ordinary shares of 10p each ("Ordinary Shares") at a price of 74.5p
per share.
Following this transaction, Dr Smith's total beneficial interest
in the Group is 570,509 Ordinary Shares, representing approximately
0.8% of Avacta's issued share capital. In addition, Alastair Smith
has a joint interest in 1,640,000 shares in the share capital of
the Company; such shares are jointly held by certain Directors
individually and Avacta Group Trustee Limited in its capacity as
trustee of The Avacta Employees' Share Trust.
Enquiries:
Avacta Group plc Tel: +44 (0)
Alastair Smith, Chief Executive 844 414 0452
Officer www.avacta.com
Tony Gardiner, Chief Financial
Officer
finnCap Ltd Tel: +44 (0)
Geoff Nash / Giles Rolls - Nominated 207 220 0500
Adviser www.finncap.com
Tim Redfern / Alice Lane - Corporate
Broking
Tel: +44 (0)
WG Partners 203 705 9318
David Wilson Tel: +44 (0)
Nigel Barnes 203 705 9217
Claes Spang www.wgpartners.co.uk
Media Enquiries Tel: +44 (0)
FTI Consulting 203 727 1000
Simon Conway / Natalie Garland-Collins avacta@fticonsulting.com
Notes to Editors
Avacta Group plc (www.avacta.com)
Avacta's principal focus is on its proprietary Affimer(R)
technology which is a novel engineered alternative to antibodies
that has wide application in Life Sciences for diagnostics,
therapeutics and general research and development.
Antibodies dominate markets worth in excess of $50bn despite
their shortcomings. Affimer technology has been designed to address
many of these negative performance issues, principally; the time
taken to generate new antibodies, the reliance on an animal's
immune response, poor specificity in many cases, and batch to batch
variability. Affimer technology is based on a small protein that
can be quickly generated to bind with high specificity and affinity
to a wide range of protein targets.
Avacta has a pre-clinical biotech development programme with an
in-house focus on immuno-oncology and bleeding disorders as well as
partnered development programmes. Avacta is commercialising
non-therapeutic Affimer reagents through licensing to developers of
life sciences research tools and diagnostics.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Name Alastair Smith
--- ------------------------------- ------------------------------
2. Reason for the Notification
--- ---------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------------- ------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name Avacta Group Plc
--- ------------------------------- ------------------------------
b) LEI n/a
--- ------------------------------- ------------------------------
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 of Ordinary shares
the Financial of 10p
instrument, type
of instrument
---
Identification GB00BYYW9G87
code
--- ------------------------------- ------------------------------
b) Nature of the Purchase of ordinary shares
transaction
--- ------------------------------- ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------ ----------
74.5 pence 33,225
------------ ----------
--- ------------------------------- ------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
--- ------------------------------- ------------------------------
e) Date of the transaction 21 August 2017
--- ------------------------------- ------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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