e-Therapeutics plc Director Shareholding (2675X)
09 August 2018 - 4:01PM
UK Regulatory
TIDMETX
RNS Number : 2675X
e-Therapeutics plc
09 August 2018
E-THERAPEUTICS PLC
("e-therapeutics" or the "Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY
PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
Oxford, UK, 9 August 2018: e-therapeutics plc (AIM: ETX), the
network-driven computational drug discovery company, announces that
it has received notifications from the following Director that they
have purchased, in aggregate, 100,000 shares in the Company at a
price of 7.0 pence per share. The purchase took place on 8 August
2018.
The number of ordinary shares purchased by the director is set
out below:
Director Number of shares purchased
Steve Medlicott 100,000
---------------------------
Following these trades, the beneficial interest of the Director
in ordinary shares in the Company is as follows:
Director Number of shares Percentage
held of issued share
capital
Steve Medlicott 1,550,000 0.58%
----------------- -----------------
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
details:
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Steve Medlicott
------------------------------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer/Director
------------------------------------------------------- --------------------------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------------------------------- --------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name e-therapeutics plc
------------------------------------------------------- --------------------------------------------------------
b) LEI 21380049RHSSJXWKYT18
------------------------------------------------------- --------------------------------------------------------
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 financial instrument, type of Ordinary shares of 0.1 pence
instrument
Identification code ISIN:GB00B2823H99
------------------------------------------------------- --------------------------------------------------------
b) Nature of the transaction Purchase of shares
------------------------------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) 100,000 ordinary shares at a price of 7.0 pence per
share
------------------------------------------------------- --------------------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
------------------------------------------------------- --------------------------------------------------------
e) Date of the transaction 8 August 2018
------------------------------------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM (XLON)
------------------------------------------------------- --------------------------------------------------------
For further information, please contact:
e-therapeutics plc Tel: +44 (0) 1993 883
Ray Barlow, Chief Executive Officer 125
Steve Medlicott, Finance Director www.etherapeutics.co.uk
Numis Securities Limited Tel: +44 (0) 207 260 1000
Michael Meade/Freddie Barnfield www.numis.com
(Nominated Adviser)
James Black (Corporate Broking)
FTI Consulting Tel: +44 (0) 203 727 1000
Simon Conway/Brett Pollard Email: etherapeutics@fticonsulting.com
About e-therapeutics
We are an Oxford, UK-based company with a unique and powerful
computer-based drug discovery platform and a specialised approach
to network biology.
Our novel network-driven methodology allows us to discover new
and better drugs in a more efficient and effective way.
We use our highly productive drug Discovery Engine to develop
our own IP-protected, preclinical drug discovery programmes which
will be of interest to partners looking to acquire or in-license
novel and differentiated assets. We are currently developing two
programmes in immuno-oncology and have a number of partner-ready
projects in areas such as fibrosis and tumour microenvironment.
Because of our novel network-driven drug discovery ("NDD")
approach, we believe there is potential to enter into several
different types of collaborative partnerships with biotech, pharma
and other technology companies to create sustainable mutual
value.
About Network-Driven Drug Discovery ("NDD")
e-Therapeutics' proprietary NDD platform comprises a suite of
powerful computational tools to augment and interrogate the vast
amount of biological information currently available in both public
and private databases.
Our NDD platform is founded on sophisticated network science and
employs techniques such as machine learning, artificial
intelligence and state-of-the-art data analysis tools. Using our
biological expertise, we can create and analyse network models of
disease to identify likely proteins that could effectively be
disrupted to treat the disease.
We believe that our network-driven approach more realistically
reflects the true complexity of disease, with its multiple and
often interconnected cellular pathways. By modelling and analysing
disease networks and considering the pattern of connections between
proteins, and not just single pathways, we more efficiently select
the very best drug-like compounds for screening and for subsequent
medicinal chemistry and pre-clinical testing. With our novel
methodology, significant numbers of active molecules can be
identified and tested quickly. Our approach is highly productive
and consistently generates hits that have been progressed into
potent, selective and novel drug molecules.
Our overall aim is to discover more efficacious drugs more
effectively. By using more biologically realistic, cell and
tissue-based assays we can choose and design compounds that are
more likely to translate into better, more clinically efficacious
drugs.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHEAEPPEDEPEAF
(END) Dow Jones Newswires
August 09, 2018 02:01 ET (06:01 GMT)
E-therapeutics (LSE:ETX)
Historical Stock Chart
From Apr 2024 to May 2024
E-therapeutics (LSE:ETX)
Historical Stock Chart
From May 2023 to May 2024