Director Dealing and Issue of Equity

E-Therapeutics

06/07/2021 07:00

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 on 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") at 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 on 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/ Amendment
Initial notification
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 financial instrument, type of instrument
Identification code
Ordinary Shares of 0.1 pence
ISIN: GB00B2823H99
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
- Aggregated volume
- Price
30,052 ordinary shares
22.88 pence per share
Aggregated value: £6,876.07
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
Karl Keegan, CFO
Tel: +44 (0)1993 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.

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
IOEFLFVEDFIEIIL