Avacta Group PLC Director/PDMR Shareholding (2886S)
December 20 2016 - 2:00AM
UK Regulatory
TIDMAVCT
RNS Number : 2886S
Avacta Group PLC
20 December 2016
20 December 2016
Avacta Group plc
("Avacta" or "the Group" or "the Company")
Director/PDMR Shareholding
Avacta Group plc (AIM: AVCT), the developer of Affimer(R)
biotherapeutics and research reagents, announces the following
changes to the equity incentives of its Chief Executive Officer,
Alastair Smith, its Chief Financial Officer, Tony Gardiner and its
Chief Operating Officer, Craig Slater.
The three Directors have waived their annual performance bonus
awards in respect of the year ended 31 July 2016 and have instead
been granted share options under the Avacta Group plc Executive
Share Option Scheme exercisable at the current market price in
order that their interests continue to be strongly aligned with the
longer terms interests of shareholders.
The number of options which have been granted and fully vested
are exercisable at 74p are as follows:
-- Alastair Smith - 74,325 options over Ordinary Shares
-- Tony Gardiner - 22,973 options over Ordinary Shares
-- Craig Slater - 31,352 options over Ordinary Shares
Trevor Nicholls, Avacta Group Chairman and Chairman of the
Remuneration Committee said:
"In a year in which the Company has made good progress with its
Affimer technology, but that has not yet been reflected in the
share price, the Board unanimously felt that it is right to
strongly align the executives rewards with those of shareholders.
Therefore, the executive team has decided to waive their bonuses in
favour of longer term equity driven value. This reflects the
confidence we have in the future value of the Affimer technology
and the team's commitment to delivering it to shareholders."
Enquiries:
Avacta Group plc Tel: +44 (0) 844
Alastair Smith, Chief Executive 414 0452
Officer www.avacta.com
Tony Gardiner, Chief Financial
Officer
finnCap Ltd Tel: +44 (0) 207
Geoff Nash / Giles Rolls - Nominated 220 0500
Adviser www.finncap.com
Tim Redfern / Alice Lane - Corporate
Broking
Tel: +44 (0) 203
WG Partners 705 9318
David Wilson Tel: +44 (0) 203
Nigel Barnes 705 9217
Claes Spang www.wgpartners.co.uk
Media Enquiries Tel: +44 (0) 203
FTI Consulting 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
Details of the person discharging managerial
responsibilities / person closely associated
------- ---------------------------------------------------------------------------------------------------------------------------
a) Name Alastair Smith
------- ---------------------------- ---------------------------------------------------------------------------------------------
1. Reason for the Notification
------- ---------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------- ---------------------------- ---------------------------------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
------- ---------------------------- ---------------------------------------------------------------------------------------------
2. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
------- ---------------------------------------------------------------------------------------------------------------------------
a) Name Avacta Group Plc
------- ---------------------------- ---------------------------------------------------------------------------------------------
b) LEI n/a
------- ---------------------------- ---------------------------------------------------------------------------------------------
3. 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 Grant of share options under the Avacta Group plc Executive Share Option Scheme as
transaction follows:
74,325 options over Ordinary shares of 10p each
The share options have fully vested and are exercisable upon payment of 74p per
share.
------- ---------------------------- ---------------------------------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- --------------
74.0 pence 74,325
---------------- --------------
------- ---------------------------- ---------------------------------------------------------------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------- ---------------------------- ---------------------------------------------------------------------------------------------
e) Date of the transaction 16 December 2016
------- ---------------------------- ---------------------------------------------------------------------------------------------
f) Place of the Outside a trading venue
transaction
------- ---------------------------- ---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
------- ---------------------------------------------------------------------------------------------------------------------------
a) Name Tony Gardiner
------- ---------------------------- ---------------------------------------------------------------------------------------------
2. Reason for the Notification
------- ---------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------- ---------------------------- ---------------------------------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
------- ---------------------------- ---------------------------------------------------------------------------------------------
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 Grant of share options under the Avacta Group plc Executive Share Option Scheme as
transaction follows:
22,973 options over Ordinary shares of 10p each
The share options have fully vested and are exercisable upon payment of 74p per
share.
------- ---------------------------- ---------------------------------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- --------------
74.0 pence 22,973
---------------- --------------
------- ---------------------------- ---------------------------------------------------------------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------- ---------------------------- ---------------------------------------------------------------------------------------------
e) Date of the transaction 16 December 2016
------- ---------------------------- ---------------------------------------------------------------------------------------------
f) Place of the Outside a trading venue
transaction
------- ---------------------------- ---------------------------------------------------------------------------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
------- ---------------------------------------------------------------------------------------------------------------------------
a) Name Craig Slater
------- ---------------------------- ---------------------------------------------------------------------------------------------
2. Reason for the Notification
------- ---------------------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------- ---------------------------- ---------------------------------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
------- ---------------------------- ---------------------------------------------------------------------------------------------
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 Grant of share options under the Avacta Group plc Executive Share Option Scheme as
transaction follows:
31,352 options over Ordinary shares of 10p each
The share options have fully vested and are exercisable upon payment of 74p per
share.
------- ---------------------------- ---------------------------------------------------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------------- --------------
74.0 pence 31,352
---------------- --------------
------- ---------------------------- ---------------------------------------------------------------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------- ---------------------------- ---------------------------------------------------------------------------------------------
e) Date of the transaction 16 December 2016
------- ---------------------------- ---------------------------------------------------------------------------------------------
f) Place of the Outside a trading venue
transaction
------- ---------------------------- ---------------------------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHAKCDKOBDDCBD
(END) Dow Jones Newswires
December 20, 2016 02:00 ET (07:00 GMT)
Avacta (LSE:AVCT)
Historical Stock Chart
From Apr 2024 to May 2024
Avacta (LSE:AVCT)
Historical Stock Chart
From May 2023 to May 2024