TIDMMYX TIDMMYXR

RNS Number : 3857J

MyCelx Technologies Corporation

16 August 2019

16 August 2019

MYCELX TECHNOLOGIES CORPORATION (AIM: MYX)

("MYCELX" or the "Company")

Director Shareholding

The Company announces that today, 16 August 2019, Non-Executive Chairman, Tim Eggar, and Chief Executive Officer, Connie Mixon purchased 8,182 and 450,000 shares, respectively, in the Company at a price of 55p per share.

Following this transaction, Tim Eggar holds 140,511, while Connie Mixon holds 1,457,703, ordinary shares in the Company, representing 0.72% and 7.50%, respectively, of the Company's issued share capital.

The Notification of Dealing Forms set out below is made in fulfilment of the obligation under Article 19 of the EU Market Abuse Regulation:

 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                             Tim Eggar 
     -------------------------------  -------------------------------- 
 2.   Reason for the 
       notification 
     -------------------------------  -------------------------------- 
 a)   Position/status                  Non-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                             Mycelx Technologies Corporation 
     -------------------------------  -------------------------------- 
 b)   LEI                              213800UJZINIK2VD1G48 
     -------------------------------  -------------------------------- 
 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                   Ordinary shares of $0.025 each. 
       the financial 
       instrument, type                 ISIN - MYX.L = US62847T2024 
       of instrument                    (DI) 
       Identification                   ISIN - MYXR.L = USU624551151 
       code                             (REG S) 
     -------------------------------  -------------------------------- 
 b)   Nature of the                    Purchase of shares 
       transaction: 
     -------------------------------  -------------------------------- 
 c)   Price(s) and volume(s):           Price(s)   Volume(s) 
                                         55p        8,182 
                                                   ---------- 
     -------------------------------  -------------------------------- 
 d)        Aggregated information: 
             *    Aggregate volume      Aggregated volume: 8,182 
                                        Price: 55p 
 
             *    Price 
     -------------------------------  -------------------------------- 
 e)   Date of the transaction:         16 August 2019 
     -------------------------------  -------------------------------- 
 f)   Place of the transaction:        London Stock Exchange [XLON] 
     -------------------------------  -------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                             Connie Mixon 
     -------------------------------  -------------------------------- 
 2.   Reason for the 
       notification 
     -------------------------------  -------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  -------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
     -------------------------------  -------------------------------- 
 3.   Details of the 
       issuer, emission 
       allowance market 
       participant, auction 
       platform, auctioneer 
       or auction monitor 
     -------------------------------  -------------------------------- 
 a)   Name                             Mycelx Technologies Corporation 
     -------------------------------  -------------------------------- 
 b)   LEI                              213800UJZINIK2VD1G48 
     -------------------------------  -------------------------------- 
 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                   Ordinary shares of $0.025 each. 
       the financial 
       instrument, type                 ISIN - MYX.L = US62847T2024 
       of instrument                    (DI) 
       Identification                   ISIN - MYXR.L = USU624551151 
       code                             (REG S) 
     -------------------------------  -------------------------------- 
 b)   Nature of the                    Purchase of shares 
       transaction: 
     -------------------------------  -------------------------------- 
 c)   Price(s) and volume(s):           Price(s)   Volume(s) 
                                         55p        450,000 
                                                   ---------- 
     -------------------------------  -------------------------------- 
 d)        Aggregated information: 
             *    Aggregate volume      Aggregated volume: 450,000 
                                        Price: 55p 
 
             *    Price 
     -------------------------------  -------------------------------- 
 e)   Date of the transaction:         16 August 2019 
     -------------------------------  -------------------------------- 
 f)   Place of the transaction:        London Stock Exchange [XLON] 
     -------------------------------  -------------------------------- 
 

For further information please contact:

 
MYCELX Technologies Corporation 
 Time Eggar, Non-Executive Chairman    Tel: +1 888 306 6843 
 Connie Mixon, CEO 
 Kim Slayton, CFO 
Numis Securities Limited 
 John Prior                            Tel: +44 20 7260 1000 
 Alamgir Ahmed 
 James Black 
 Emily Morris 
Celicourt 
 Mark Antelme                          Tel: +44 20 8434 2754 
 Jimmy Lea 
 

Notes to Editors

MYCELX is a revolutionary oil-free water technology company solving the world's toughest oil removal problems in the oil and gas industry. The systems are based upon scientific breakthrough for a completely different approach to permanent oil removal. The Company created the patented MYCELX polymer using innovative molecular cohesion for removing oil from water far beyond what conventional systems have ever achieved. MYCELX systems remove oil to critically low levels in a much smaller physical footprint than conventional systems and in a virtually fail-safe process.

www.mycelx.com

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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August 16, 2019 10:02 ET (14:02 GMT)

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