Retroscreen Virology Group PLC Directors' Dealings (5474J)
08 April 2015 - 4:00PM
UK Regulatory
TIDMRVG
RNS Number : 5474J
Retroscreen Virology Group PLC
08 April 2015
For immediate release 07.00: 8 April 2015
RETROSCREEN VIROLOGY GROUP PLC
("Retroscreen" or the "Company")
DIRECTORS' DEALINGS
Retroscreen Virology Group plc (AIM: RVG), the pioneer of hVIVO
human models of disease, announces that application has been made
to AIM for the admission of 7,231 new ordinary shares of 5.0p each
(the "New Ordinary Shares").
The New Ordinary Shares have been allotted pursuant to the
purchase by Jaime Ellertson (Non-Executive Chairman) and Jim
Winschel (Non-Executive Director) of new ordinary shares, under the
terms of their letters of appointment as set out in the Company's
announcement of 4 November 2014 which stated that Mr Ellertson and
Mr Winschel had entered into binding commitments to purchase
$20,000 and GBP4,000 of new Retroscreen shares per quarter
respectively. The New Ordinary Shares represent their investments
for the quarter ended 31 March 2015.
Following admission of the 7,231 New Ordinary Shares to trading
on AIM, the total number of ordinary shares with voting rights in
issue will be 68,104,746 and 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.
Admission of the New Ordinary Shares ("Admission"), which will
rank pari passu in all respects with the Company's existing shares
in issue, is expected to occur on 10 April 2015. Following
Admission, Mr Ellertson and Mr Winschel will be interested in a
total of 16,424 and 3,352 ordinary shares of 5.0p in the Company
respectively, each representing less than 0.1% of the Company's
issued share capital.
For further information please contact:
Retroscreen Virology Group plc +44 207 756 1300
Kym Denny (CEO)
Graham Yeatman (FD)
Media Enquiries +44 203 021 3933 / +44 7854 979 420
Colin Paterson (Director of Marketing, Communication and Public
Relations)
Numis Securities Limited +44 207 260 1000
Michael Meade / Freddie Barnfield (Nominated Adviser)
James Black / Michael Burke (Corporate Broking)
Notes to Editors:
Retroscreen Virology Group plc ("Retroscreen") is a rapidly
growing life sciences company based in the UK pioneering a
technology platform called hVIVO which uses human models of disease
involving healthy volunteers to discover and study new drugs and
diagnostics. To date, Retroscreen has conducted over 35 clinical
studies, involving more than 1800 volunteers for a range of leading
industry, governmental and academic clients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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