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RNS Number : 7950V Fusion Antibodies PLC 16 December 2021
16 December 2021
Fusion Antibodies plc
("Fusion" or the "Company")
Exercise of share options and total voting rights
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody
discovery, engineering and supply for both therapeutic drug and diagnostic
applications, announces an exercise of share options in the Company ("Ordinary
Shares") by Sonya Ferguson, Non-Executive Director of the Company.
On 15 December 2021, Sonya Ferguson exercised 25,000 share options. These
historic share options were granted prior to the Company's admission to
trading on AIM and with an exercise price of 4 pence per share. The new
Ordinary Shares issued pursuant to this exercise will be admitted to trading
on AIM pursuant to the Block Admission announced by the Company on 27
September 2021. The notification below, made in accordance with the
requirements of the UK Market Abuse Regulation, provides further detail.
Following the above exercise of 25,000 share options, Sonya Ferguson holds
92,567 Ordinary Shares, representing approximately 0.35 per cent. of the
Company's enlarged issued share capital.
Following the exercise of share options, the total number of Ordinary Shares
in issue is now 25,963,280. The Company does not currently hold any Ordinary
Shares in treasury. Therefore, the total number of voting rights in the
Company is 25,963,280, which 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 FCA's Disclosure Guidance and Transparency Rules.
The following notification, made in accordance with the requirements of the UK
Market Abuse Regulation, gives further details.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sonya Ferguson
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Fusion Antibodies plc
b) LEI 213800KBAYRC9VOQ9V39
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 4p each in Fusion Antibodies plc
Identification code Identification code (ISIN) for Fusion Antibodies plc ordinary shares:
GB00BDQZGK16
b) Nature of the transaction Exercise of share options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.04 25,000
d) Aggregated information
- Aggregated volume 25,000
- Price £0.04
e) Date of the transaction 15 December 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
25,000
- Price
£0.04
e)
Date of the transaction
15 December 2021
f)
Place of the transaction
Outside a trading venue
Enquiries:
Fusion Antibodies plc www.fusionantibodies.com (http://www.fusionantibodies.com/)
Richard Jones, Chief Executive Officer Via Walbrook PR
James Fair, Chief Financial Officer
Allenby Capital Limited Tel: +44 (0)20 3328 5656
James Reeve / Vivek Bhardwaj (Corporate Finance)
Tony Quirke (Sales and Corporate Broking)
Walbrook PR Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
Anna Dunphy Mob: +44 (0)7876 741 001
Paul McManus Mob: +44 (0)7980 541 893
About Fusion Antibodies plc
Fusion is a Belfast based contract research organisation ("CRO") providing a
range of antibody engineering services for the development of antibodies for
both therapeutic drug and diagnostic applications.
The Company's ordinary shares were admitted to trading on AIM on 18 December
2017. Fusion provides a broad range of services in antibody generation,
development, production, characterisation and optimisation. These services
include antigen expression, antibody production, purification and sequencing,
antibody humanisation using Fusion's proprietary CDRx (TM) platform and the
production of antibody generating stable cell lines to provide material for
use in clinical trials. Since 2012, the Company has successfully sequenced
and expressed over 250 antibodies and successfully completed over 200
humanisation projects and has an international, blue-chip client base, which
has included eight of the top 10 global pharmaceutical companies by revenue.
The Company was established in 2001 as a spin out from Queen's University
Belfast. The Company's mission is to enable pharmaceutical and diagnostic
companies to develop innovative products in a timely and cost-effective manner
for the benefit of the global healthcare industry. Fusion Antibodies provides
a broad range of services in antibody generation, development, production,
characterisation and optimisation.
Fusion Antibodies growth strategy is based on combining the latest
technological advances with cutting edge science to deliver new platforms that
will enable Pharma and Biotech companies get to the clinic faster, with the
optimal drug candidate and ultimately speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at $135.4
billion in 2018 and is forecast to surpass $212.6 billion in 2022, an increase
at a CAGR of 12.0 per cent. for the period 2018 to 2022. In 2017, seven of the
world's ten top selling drugs were antibody-based therapeutics with the
combined annual sales of these drugs exceeding $63.2 billion.
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