e-Therapeutics plc Director Dealing and Issue of Equity (2268E)
06 July 2021 - 4:00PM
UK Regulatory
TIDMETX
RNS Number : 2268E
e-Therapeutics plc
06 July 2021
E-THERAPEUTICS PLC
("e-therapeutics" or the "Company")
DIRECTOR DEALING AND ISSUE OF EQUITY
Oxford, UK, 6 July 2021 - e-therapeutics plc (AIM: ETX), the
drug discovery company, announces that o n 6 July 2021, Professor
Trevor Jones, Non-Executive Chairman of the Company, subscribed for
a total of 30,052 new ordinary shares of 0.1p each in the Company
(the "New Ordinary Shares") a t a price of 22.88 pence per share.
The subscription monies paid for the New Ordinary Shares represent
50% of Professor Jones' Non-Executive Director fees net of tax paid
during the period from 1 January 2021 to 30 June 2021 in accordance
with the agreement entered into with Professor Jones, previously
announced o n 5 October 2016, by which Professor Jones agreed, with
effect from 1 October 2016, to invest 50% of his annual
Non-Executive Director fees net of tax in new e-therapeutics'
ordinary shares. Such new shares are issued to Professor Jones on
the first business day after 31 December and 30 June in each year.
The subscription price to be paid is the average of the closing
mid-market price for the five business days prior to the date of
issue.
Following Admission, Professor Jones will be interested in a
total of 1,062,007 ordinary shares of 0.1p in the Company,
representing approximately 0.21% of the Company's issued share
capital.
Application has been made to AIM for the admission of the New
Ordinary Shares to trading on AIM ("Admission") and Admission is
expected to occur at 8:00 a.m. on or around 9 July 2021. The New
Ordinary Shares will rank pari passu in all respects with the
Company's existing ordinary shares in issue.
Following Admission, the total number of ordinary shares in the
Company with voting rights in issue will be 514,553,598. This
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure and
Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further details:
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Trevor Jones
-------------------------- -------------------------------------------
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 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 Ordinary Shares of 0.1 pence
financial instrument,
type of instrument ISIN: GB00B2823H99
Identification code
-------------------------- -------------------------------------------
b) Nature of the transaction Purchase of shares
-------------------------- -------------------------------------------
c) Price(s) and volume(s) 30,052 ordinary shares at a price of 22.88
pence per share
-------------------------- -------------------------------------------
d) Aggregated information 30,052 ordinary shares
- Aggregated volume 22.88 pence per share
- Price Aggregated value: GBP6,876.07
-------------------------- -------------------------------------------
e) Date of the transaction 6 July 2021
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
For further information, please contact:
e-therapeutics plc
Ali Mortazavi, CEO Tel: +44 (0)1993
Karl Keegan, CFO 883 125
www.etherapeutics.co.uk
SP Angel Corporate Finance LLP
Nominated Adviser and Broker Tel: +44(0)20 3470
0470
Matthew Johnson/Caroline Rowe (Corporate
Finance)
Vadim Alexandre/Rob Rees (Corporate
Broking)
About e-therapeutics plc
e-therapeutics plc is an Oxford, UK-based company with a
powerful computer-based approach to drug discovery, founded on its
industry-leading expertise in network biology to fully capture
disease complexity. The Company combines network science, machine
learning, artificial intelligence, statistics and big data with
expertise in drug discovery and development to transform the search
for new medicines and intervention strategies.
e-therapeutics has developed an in silico laboratory that
enables the rapid screening of millions of compounds and the
identification of small subsets that are enriched for highly active
hits. Its proprietary platform also has novel applications in
functional genomics, being able to analyse complex genetic
datasets, provide a deep understanding of pathological mechanisms
and distil actionable insights for the discovery of novel drugs,
biomarkers and diagnostics.
e-therapeutics has deployed and validated its disease-agnostic
drug discovery platform both in house and with partners, including
Novo Nordisk, Galapagos NV and a US-based, top 5 pharmaceutical
company.
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