InnovaDerma PLC Director/PDMR Shareholding (4017N)
09 May 2018 - 12:35AM
UK Regulatory
TIDMIDP
RNS Number : 4017N
InnovaDerma PLC
08 May 2018
LEI: 213800WRAP6W8VDL6B38
InnovaDerma PLC
Director/PDMR Shareholding
InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty
and personal care products, announces that it was notified today
that on 4 and 8 May 2018, Haris Chaudhry, Executive Chairman of
InnovaDerma, sold 775,000 ordinary shares of EUR0.10 each
("Ordinary Shares") at an average price of GBP1.32 per Ordinary
Share in order to satisfy a personal tax requirement due in
Australia (the "Sale").
Following the Sale, Mr Chaudhry has an interest in, including
that of the persons closely associated with him, of 5,030,220
Ordinary Shares representing approximately 34.64% of the issued
share capital of the Company.
The total number of shares in which Haris Chaudhry is interested
as above includes 50,000 Ordinary Shares owned by Mr Chaudhry's
wife. Mr Chaudhry's wife is a person closely associated with him
for the purposes of Article 19 of the Market Abuse Regulations.
InnovaDerma +61 (0)3 9111
Haris Chaudhry/Joe Bayer 0071
+44 (0) 20
finnCap Ltd 7220 0500
Geoff Nash/Kate Bannatyne www.finncap.com
Alice Lane - Corporate Broking
TB Cardew
Shan Shan Willenbrock
Tom Allison
Alycia Macaskill + 44 (0)20
Joe McGregor 7930 0777
About InnovaDerma
InnovaDerma PLC (LSE: IDP) specializes in the research,
manufacture and marketing of clinically proven products in life
sciences, beauty and personal care products. InnovaDerma has
presence in Europe, US, Australasia, Asia and Africa.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of theMarket Abuse
Regulation (EU) No. 596/2014.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------
a) Name Haris Chaudhry
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Executive Chairman
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ---------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- ------------------------------------------------------------
a) Name InnovaDerma PLC
--- ------------------------------- ---------------------------
b) LEI 213800WRAP6W8VDL6B38
--- ------------------------------- ---------------------------
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 EUR0.10 each ("Ordinary
the Financial Shares")
instrument, type
of instrument
---
Identification IDP GB00BT9PTW34
code
--- ------------------------------- ---------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- ---------------------------
c) Price(s) and volume(s) Volume - 250,000 Ordinary
Shares
Price - GBP1.50 pence per
Ordinary Share
--- ------------------------------- ---------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
--- ------------------------------- ---------------------------
e) Date of the transaction 4 May 2018
--- ------------------------------- ---------------------------
f) Place of the transaction London Stock Exchange,
Main Market
--- ------------------------------- ---------------------------
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------------
a) Name Haris Chaudhry
--- ------------------------------- ----------------------------
2. Reason for the Notification
--- -------------------------------------------------------------
a) Position/status Executive Chairman
--- ------------------------------- ----------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- ----------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -------------------------------------------------------------
a) Name InnovaDerma PLC
--- ------------------------------- ----------------------------
b) LEI 213800WRAP6W8VDL6B38
--- ------------------------------- ----------------------------
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 EUR0.10 each ("Ordinary
the Financial Shares")
instrument, type
of instrument
---
Identification IDP GB00BT9PTW34
code
--- ------------------------------- ----------------------------
b) Nature of the Sale of Ordinary Shares
transaction
--- ------------------------------- ----------------------------
c) Price(s) and volume(s) Volume and Price - 225,000
at GBP1.26 per Ordinary
Share
Volume and Price - 300,000
at GBP1.21 per Ordinary
Share
--- ------------------------------- ----------------------------
d) Aggregated information:
Aggregated volume See 4c) above
Price
--- ------------------------------- ----------------------------
e) Date of the transaction 8 May 2018
--- ------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange,
Main Market
--- ------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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