hVIVO plc Share Incentive Plan and PDMR Dealings (0122O)
24 January 2019 - 9:12PM
UK Regulatory
TIDMHVO
RNS Number : 0122O
hVIVO plc
24 January 2019
HVIVO PLC
("hVIVO" or the "Company")
Share Incentive Plan and PDMR Dealings
London, UK, 24 January 2019: hVIVO plc (AIM: HVO), an industry
leading clinical development services business pioneering human
disease models based upon viral and allergen challenge, announces
that as part of the Company's commitment to encouraging all
employees to be shareholders in the business, a total of 1,689,258
Ordinary Shares of 5 pence each (the "New Ordinary Shares") have
been granted to employees pursuant to a new employee share
incentive plan introduced by hVIVO on 21 January 2019 (the "Share
Incentive Plan").
A total of 138 employees were found eligible and applied for the
Share Incentive Plan and have been granted 12,241 free Ordinary
Shares each representing approximately GBP3,600 at the purchase
price. The free shares were awarded on 21 January 2019 and are
subject to a 3 year forfeiture period.
Application has been made to AIM for the admission of the New
Ordinary Shares ("Admission"), which will rank pari passu in all
respects with the Company's existing shares in issue, and Admission
is expected to occur on 25 January 2019.
Following Admission, the total number of ordinary shares with
voting rights in issue will be 82,296,965 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.
Dr Trevor Phillips (Executive Chairman), Tim Sharpington (COO,
PDMR) and Shelley Fraser (Finance Director, PDMR) have been
allotted 12,241 shares each, see below for further details.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail:
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the persons discharging managerial responsibilities/persons
closely associated
a) Name Trevor Phillips
--------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/ Executive Chairman
status
--------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
--------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name hVIVO plc
--------------------- --------------------------------------------------
b) Legal Entity N/A
Identifier
--------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of GB00B6ZM0X53
instrument
Identification
code
--------------------- --------------------------------------------------
b) Nature of Award of ordinary shares pursuant to Share
the transaction Incentive Plan
--------------------- --------------------------------------------------
c) Currency GBP
--------------------- --------------------------------------------------
d) Price(s) Director Price (p) Volume
and volume(s) Trevor Phillips 29.41p 12,241
---------- -------
---------------------
e) Aggregated
information
- Aggregated
volume
- Price 12,241
- Aggregated 29.41p
total
GBP3,600
--------------------- --------------------------------------------------
f) Date of 21 January 2019
the transaction
--------------------- --------------------------------------------------
g) Place of London Stock Exchange, AIM
the transaction
--------------------- --------------------------------------------------
1 Details of the persons discharging managerial responsibilities/persons
closely associated
a) Name Tim Sharpington
--------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/ COO, PDMR
status
--------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
--------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name hVIVO plc
--------------------- --------------------------------------------------
b) Legal Entity N/A
Identifier
--------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of GB00B6ZM0X53
instrument
Identification
code
--------------------- --------------------------------------------------
b) Nature of Award of ordinary shares pursuant to Share
the transaction Incentive Plan
--------------------- --------------------------------------------------
c) Currency GBP
--------------------- --------------------------------------------------
d) Price(s) Director Price (p) Volume
and volume(s) Tim Sharpington 29.41p 12,241
---------- -------
---------------------
e) Aggregated
information
- Aggregated
volume
- Price 12,241
- Aggregated 29.41p
total
GBP3,600
--------------------- --------------------------------------------------
f) Date of 21 January 2019
the transaction
--------------------- --------------------------------------------------
g) Place of London Stock Exchange, AIM
the transaction
--------------------- --------------------------------------------------
1 Details of the persons discharging managerial responsibilities/persons
closely associated
a) Name Shelley Fraser
--------------------- --------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/ Finance Director, PDMR
status
--------------------- --------------------------------------------------
b) Initial Initial Notification
notification/
Amendment
--------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name hVIVO plc
--------------------- --------------------------------------------------
b) Legal Entity N/A
Identifier
--------------------- --------------------------------------------------
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 Ordinary shares of 5 pence each
of the financial
instrument,
type of GB00B6ZM0X53
instrument
Identification
code
--------------------- --------------------------------------------------
b) Nature of Award of ordinary shares pursuant to Share
the transaction Incentive Plan
--------------------- --------------------------------------------------
c) Currency GBP
--------------------- --------------------------------------------------
d) Price(s) Director Price (p) Volume
and volume(s) Shelley Fraser 29.41p 12,241
---------- -------
---------------------
e) Aggregated
information
- Aggregated
volume
- Price 12,241
- Aggregated 29.41p
total
GBP3,600
--------------------- --------------------------------------------------
f) Date of 21 January 2019
the transaction
--------------------- --------------------------------------------------
g) Place of London Stock Exchange, AIM
the transaction
--------------------- --------------------------------------------------
For further information please contact:
hVIVO plc
Trevor Phillips (Executive Chairman) +44 207 756 1300
Fleur Wood (EVP, Investor Relations
& Communications)
Numis Securities Limited +44 207 260 1000
Michael Meade / Freddie Barnfield
(Nominated Adviser)
James Black / Michael Burke (Corporate
Broking)
FTI Consulting
Simon Conway / Victoria Foster Mitchell +44 203 727 1000
Notes to Editors:
hVIVO plc ("hVIVO") is pioneering a human-based analytical
platform to accelerate drug discovery and development in
respiratory and infectious diseases. Leveraging human disease
models in flu, RSV and asthma exacerbation, the hVIVO platform
captures disease in motion, illuminating the entire disease life
cycle from healthy to sick and back to health. Based in the UK,
market leader hVIVO has conducted more than 50 clinical studies,
inoculated over 2500 volunteers and has three first-in-class
therapies currently in development.
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
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