Abingdon Health PLC Director/PDMR Shareholding (6693A)
26 September 2022 - 10:26PM
UK Regulatory
TIDMABDX
RNS Number : 6693A
Abingdon Health PLC
26 September 2022
Abingdon Health plc
("Abingdon" or "the Company")
Director/PDMR Dealing
York, U.K. 26 September 2022: Abingdon Health plc (AIM: ABDX), a
leading international developer and manufacturer of high quality
and effective rapid tests, announces that, in addition to the
Director Dealing announced on 16 September 2023 (
https://polaris.brighterir.com/public/abingdon_health/news/rns/story/w6zdykr
), on 23 September 2022, Chris Yates, Chief Executive Officer
purchased a total of 125,000 ordinary shares of 0.25 pence each
("Ordinary Shares") over two trades (the "Purchases") at a price of
7.3 pence per Ordinary Share. Further to the Purchases, the
interest of Chris Yates in the Company is as follows:
Director Previous number Number of Number of Percentage
of Ordinary Ordinary Shares Ordinary Shares of Ordinary
Shares held Purchased held following Shares held
Purchases following Purchases
Chris Yates 7,763,844 125,000 7,888,844 6.48%
Concert Party
Further to the disclosures in the Company's Admission Document
published 11 December 2020 ("Admission Document"), Chris Yates is a
member of a concert party (the "Concert Party"). As a result of the
Purchases, the aggregate number of Ordinary Shares held by the
Concert Party has increased from 42,861,888 to 42,986,888,
representing an increase from 35.21 per cent. to 35.32 per cent. of
the issued share capital of the Company.
The Purchases were effected under the terms of Note 11 on Rule
9.1 of the Code and therefore have no consequences under the
Takeover Code.
As set out in the Company's Admission Document, Chris Yates also
holds 392,695 options over Ordinary Shares. It was agreed with the
Panel prior to the Company's initial public offering that an
obligation under Rule 9 will not arise as a result of the issue of
new Ordinary Shares to members of the Concert Party following the
exercise of those options referred to above, without the
requirement to seek the approval of independent shareholders.
The Concert Party could therefore come to hold in aggregate up
to 43,379,513 Ordinary Shares (following the exercise of all
options held by its members only), representing a maximum potential
interest of up to 35.64 per cent. of the enlarged share capital (as
enlarged by such exercise).
Details of the transactions undertaken can be found in the
Notification of Dealing Form below.
Enquiries:
Abingdon Health plc www.abingdonhealth.com/investors/
Chris Yates, Chief Executive Officer Via Walbrook PR
Melanie Ross , Chief Financial Officer
Dr Chris Hand, Non-Executive Chairman
Singer Capital Markets (Sole Broker and Tel: +44 (0)20 7496 3000
Nominated Adviser)
Peter Steel, Alex Bond, Sam Butcher (Corporate
Finance)
Tom Salvesen (Corporate Broking)
Walbrook PR Limited Tel: +44 (0)20 7933 8780 or abingdon@walbrookpr.com
Phillip Marriage / Alice Mob: +44 (0)7867 984 082 / +44 (0)7407 804
Woodings 654
About Abingdon Health plc
Abingdon Health is a world leading developer and manufacturer of
high-quality lateral flow rapid tests across all industry sectors,
including healthcare and COVID-19. Abingdon is the partner of
choice for a growing global customer base and takes projects from
initial concept through to routine and large-scale manufacturing
and has also developed and marketed its own labelled tests.
The Company offers product development, regulatory support,
technology transfer and manufacturing services for customers
looking to develop new assays or transfer existing laboratory-based
assays to a lateral flow format. Abingdon Health aims to support
the increase in need for rapid results across many industries and
locations and produces lateral flow tests in areas such as
infectious disease, clinical testing including companion
diagnostics, animal health and environmental testing. Faster access
to results allows for rapid decision making, targeted intervention
and can support better outcomes. This ability has a significant
role to play in improving life across the world. To support this
aim Abingdon Health has also developed AppDx(R) , a customisable
image capturing technology that transforms a smartphone into a
self-sufficient, standalone lateral-flow reader.
Founded in 2008, Abingdon Health is headquartered in York,
England.
For more information visit: www.abingdonhealth.com
.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Chris Yates
---------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
---------------------------------------------- -------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Abingdon Health plc
---------------------------------------------- -------------------------------------------------------
b) LEI 213800XFI4WV3FBILO20
---------------------------------------------- -------------------------------------------------------
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 of 0.025 pence each
financial instrument,
type of instrument
Identification code GB00BLF79J41
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s)
---------------------------------------- ----------
Price(s) Volume(s)
---------------------------------------- ----------
7.3 pence 50,000
-------------------------------------------------------------------------------------------- ----------
7.3 pence 75,000
-------------------------------------------------------------------------------------------- ----------
d) Aggregated information Total volume: 125,000 Ordinary
Shares
Price: 7.3 pence per Ordinary Share
e) Date of the transaction 23 September 2022
---------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------------------- -------------------------------------------------------
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END
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