REG - e-Therapeutics plc - Director Dealing and Issue of Equity

E-TherapeuticsAnnouncement

06/07/2023 17:30

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RNS Number : 2601F  e-Therapeutics plc  06 July 2023

E-THERAPEUTICS PLC

 

("e-therapeutics" or the "Company")

 

DIRECTOR DEALING AND ISSUE OF EQUITY

 

London, UK, 6 July 2023 - e-therapeutics plc (AIM: ETX), the drug discovery
company, announces that on 6 July 2023, Professor Trevor Jones (Non-Executive
Chairman of the Company) subscribed for a total of 34,830 new ordinary shares
of 0.1p each in the Company (the "New Ordinary Shares") at a price of 21.71
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 31 December 2022 to 30 June 2023 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
1,202,571 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 12 July 2023. 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 582,694,162. 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  Ordinary Shares of 0.1 pence

     Identification code

                                                                  ISIN: GB00B2823H99
 b)  Nature of the transaction                                    Purchase of shares
 c)  Price(s) and volume(s)                                       34,830 ordinary shares at a price of 21.71 pence per share
 d)  Aggregated information                                       34,830 ordinary shares

     - Aggregated volume                                          21.71 pence per share

     - Price                                                      Aggregated value: £7,561.59

 e)  Date of the transaction                                      6 July 2023

 f)  Place of the transaction                                     Outside a trading venue

 

 

For further information, please contact:

 

 e-therapeutics plc
 Ali Mortazavi,                                                                        Tel: +44 (0)1993 883 125
 CEO

                                                                                     www.etherapeutics.co.uk
 Laura Roca-Alonso, COO/CBO

      SP Angel Corporate Finance LLP                                                   Tel: +44(0)20 3470 0470
 Nominated Adviser and Broker
 Matthew Johnson/Harry Davies-Ball (Corporate Finance)
 Vadim Alexandre/Rob Rees (Corporate Broking)

 

 

About e-therapeutics plc

 

About e-therapeutics plc

 

e-therapeutics plc ("ETX") integrates computational power and biology
information to discover life-transforming RNAi medicines.  The Company's
technology uses computation to capture and model human biology, identify
novel targets, and develop RNAi medicines against those targets that can be
rapidly progressed to the clinic.

 

ETX's proprietary HepNet(TM) platform enables the generation and analysis of
biological network models, providing a novel and mechanistic approach to drug
discovery. This approach explicitly considers the true complexity of biology
to make more reliable predictions from large complex data sets and ETX's
proprietary hepatocyte knowledgebase - the world's most comprehensive and
integrated hepatocyte-centric data resource.  The Company generates,
prioritises and tests millions of hypotheses in silico to identify better
therapeutic targets with higher confidence.

 

GalOmic(TM), ETX's proprietary RNAi platform, enables the targeted delivery to
hepatocytes in the liver and the specific silencing of novel
disease-associated genes, identified by HepNet(TM).  The focus on
hepatocytes offers the opportunity to tackle a wide variety of diseases.  The
liver is a highly metabolically active organ which performs a key role in many
biological processes and vital functions crucial for human health.
ETX's GalOmic(TM) constructs have demonstrated compelling in vivo
performance in terms of depth of gene silencing and duration of action.

 

The Company is progressing a pipeline of first-in-class preclinical RNAi
candidates across several high unmet medical needs in cardiometabolic
indications and targeting promising hepatocyte-expressed targets with effects
in other disease areas. ETX has also partnered with biopharma companies such
as Novo Nordisk, Galapagos NV and iTeos Therapeutics using its computational
network biology approach across a diverse range of drug discovery projects.

 

The Company is based in London, UK and listed on the Alternative Investment
Market of the London Stock Exchange ("AIM"), with ticker symbol ETX.
E-therapeutics is also traded on the OTCQX Best Market (OTCQX) in the United
States, under ticker symbol ETXPF.

 

 

 

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