Motif Bio PLC Director/PDMR Shareholding (1724W)
February 07 2017 - 2:02AM
UK Regulatory
TIDMMTFB
RNS Number : 1724W
Motif Bio PLC
07 February 2017
Motif Bio plc
("Motif Bio" or the "Company")
Notification and public disclosure of transactions by PDMR and
persons closely associated with them
Motif Bio plc (AIM: MTFB), the clinical stage biopharmaceutical
company specialising in developing novel antibiotics, announces
that on 6 February 2017 it was notified that Amphion Innovations
plc ("Amphion") had pledged an additional 14,500,000 ordinary
shares of 1 penny each in the capital of Motif Bio as security to a
draw-down of an additional tranche of Amphion's loan facility (the
"Share Pledge"). In total, Amphion has pledged 42,461,625 ordinary
shares in the Company in relation to the Share Pledge. As a result
of the Share Pledge, Amphion will transfer legal title to but will
retain the beneficial interest in these pledged ordinary shares.
Richard Morgan and Robert Bertoldi, non-executive Chairman and
executive director of the Company respectively, are also directors
of Amphion (the "Amphion Directors"). Amphion is therefore a
"Person Closely Associated" with the Amphion Directors under the
Market Abuse Regulation. The Share Pledge does not change the
number of ordinary shares of the Company in issue.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial
responsibilities/person closely associated
------- ---------------------------------------------------------------
a) Name Amphion Innovations Plc
------- ------------------------------- ------------------------------
2 Reason for the notification
------- ---------------------------------------------------------------
Person Closely Associated
a) Position/status with PDMRs of Motif Bio Plc
(Robert Bertoldi and Richard
Morgan)
------- ------------------------------- ------------------------------
b) Initial notification/Amendment Initial Notification
------- ------------------------------- ------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
------- ---------------------------------------------------------------
a) Name Motif Bio Plc
------- ------------------------------- ------------------------------
b) LEI 54930080DN00QTIUUU84
------- ------------------------------- ------------------------------
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 the Ordinary Shares
financial instrument,
type of instrument ISIN GB00BVVT4H71
Identification code
------- ------------------------------- ------------------------------
b) Nature of the transaction Transfer of the legal but
not beneficial interest in
14,500,000 Ordinary Shares
by way of a pledge for a
loan
------- ------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- -----------
N/A 14,500,000
---------- -----------
------- ------------------------------- ------------------------------
d) Aggregated information Price(s) Volume(s)
---------- -----------
N/A 14,500,000
---------- -----------
------- ------------------------------- ------------------------------
e) Date of the transaction 6 February 2017
------- ------------------------------- ------------------------------
f) Place of the transaction N/A
------- ------------------------------- ------------------------------
For further information please contact:
Motif Bio plc info@motifbio.com
Graham Lumsden (Chief
Executive Officer)
Zeus Capital Limited
(NOMAD & BROKER) +44 (0)20 3829 5000
Phil Walker/Giles Balleny
Dominic Wilson
Northland Capital Partners
Limited (BROKER) +44 (0)203 861 6600
Patrick Claridge/ David
Hignell
John Howes/ Rob Rees
(Broking)
Walbrook PR Ltd. (FINANCIAL +44 (0) 20 7933 8780 or
PR & IR) motifbio@walbrookpr.com
Paul McManus Mob: +44 (0)7980 541
893
Mike Wort Mob: +44 (0)7900 608
002
MC Services AG (EUROPEAN
IR) +49 (0)89 210 2280
Raimund Gabriel
This information is provided by RNS
The company news service from the London Stock Exchange
END
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