TIDMAVCT

RNS Number : 8826W

Avacta Group PLC

29 April 2016

29 April 2016

Avacta Group plc

("Avacta" or "the Group" or "the Company")

Director's Dealing

Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces that Craig Slater, Chief Operating Officer of the Group, has today purchased 2,222 Ordinary Shares of 10p each in the Group at a price of 112.5 pence per share.

Following this transaction, Mr Slater's total interest in the Group is 349,452 Ordinary Shares of 10p each, representing approximately 0.5% of Avacta's issued share capital.

Enquiries:

 
     Avacta Group plc                              Tel: +44 (0) 
      Alastair Smith, Chief Executive               844 414 0452 
      Officer                                       www.avacta.com 
      Tony Gardiner, Chief Financial 
      Officer 
     Numis Securities Limited                      Tel: +44 (0) 
      Michael Meade / Freddie Barnfield             207 260 1000 
      - Nominated Adviser                           www.numiscorp.com 
      James Black - Corporate Broking 
     WG Partners                                   Tel: +44 (0) 
      David Wilson                                  203 705 9318 
      Nigel Barnes                                  Tel: +44 (0) 
      Claes Spang                                   203 705 9217 
                                                    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 oncology and bleeding disorders as well as several partnered development programmes. Avacta is commercialising Affimer reagents through custom Affimer services to provide bespoke solutions to customers and via a growing on-line catalogue of Affimer reagents.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 29, 2016 10:04 ET (14:04 GMT)

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