TIDMABDX

RNS Number : 3985R

Abingdon Health PLC

01 March 2023

Abingdon Health plc

("Abingdon Health" or "the Company")

Director Share Transfer to Trust

York, U.K. 1 March 2023: Abingdon Health plc (AIM: ABDX), a leading international lateral flow contract development and manufacturing organisation (CDMO), announces that it received notification on 28 February 2023 that Dr Chris Hand, Non-executive Chairman, transferred 3,000,000 ordinary shares of 0.025 pence each in the Company ("Ordinary Shares") from his personal account into The CW Hand 2023 Settlement, a discretionary trust in which Dr Hand is a trustee. Dr Hand retains an additional 10,027,667 Ordinary Shares outside of the trust.

Dr Hand has advised the Company that he has no intention of selling Ordinary Shares, either from those held inside the trust or those held outside of the trust.

Following this transaction the percentage of Ordinary Shares that Dr Hand retains outside of the trust combined with those for which he is a trustee remains at 10.7 per cent.

Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Enquiries

 
 Abingdon Health plc                                              www.abingdonhealth.com/investors/ 
 Chris Yates, Chief Executive Officer                                               Via Walbrook PR 
 Melanie Ross , Chief Financial Officer 
 Chris Hand, Non-Executive Chairman 
 
 Singer Capital Markets (Sole Broker and                                   Tel: +44 (0)20 7496 3000 
  Nominated Adviser) 
 Peter Steel, Alex Bond (Corporate Finance) 
 Tom Salvesen (Corporate Broking) 
 
 Walbrook PR Limited                            Tel: +44 (0)20 7933 8780 or abingdon@walbrookpr.com 
 Paul McManus / Phillip Marriage                             Mob: +44 (0)7980 541 893 / +44 (0)7867 
  Alice Woodings                                                                            984 082 
                                                                                +44 (0)7407 804 654 
 
 

About Abingdon Health plc

Abingdon Health is a leading lateral flow contract development and manufacturing organisation ("CDMO") offering its services to an international customer base across industry sectors that include clinical, animal health, plant health, and environmental testing. Abingdon Health has the internal capabilities to take projects from initial concept through to routine and large-scale manufacturing; from "idea to commercial success."

The Company's CDMO division 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.

Abingdon Health's Abingdon Simply Test range of self-tests is an ecommerce platform that offers a range of self-tests to empowers consumers to manage their own health and wellbeing. The Abingdon Simply Test ecommerce site offers consumers a range of information to support them in making informed decisions on the tests available. In addition, the site provides Abingdon's contract services customers with a potential route to market for self-tests. The Abingdon Simply Test range is also sold through international distributors and through other channels in the UK and Ireland such as pharmacy chains.

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                                           Dr Chris Hand 
      ---------------------------------------------  ------------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------------------ 
 a)    Position/status                                Non-executive Chairman 
      ---------------------------------------------  ------------------------------------------------------------- 
 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                                 Transfer of 3,000,000 Ordinary Shares 
                                                                  to The CW Hand 2023 Settlement Trust 
      ---------------------------------------------  ------------------------------------------------------------- 
 c)    Price(s) and volume(s)                          Price                                           Volume 
                                                      ----------------------------------------------  ---------- 
    N/A                                                                                                3,000,000 
   -------------------------------------------------------------------------------------------------  ---------- 
 d)    Aggregated information                           n/a single transaction 
 
 e)    Date of the transaction                        28 February 2023 
      ---------------------------------------------  ------------------------------------------------------------- 
 f)    Place of the transaction                                  Off market 
      ---------------------------------------------  ------------------------------------------------------------- 
 
 

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END

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