REG - MaxCyte, Inc. MaxCyte, Inc. - MXCR - Grant Of Options
MaxCyte, Inc.
("MaxCyte" or the "Company")
Grant of Options
Gaithersburg, Maryland - 24 January 2020: MaxCyte (LSE: MXCT, MXCS), the global clinical-stage cell-based therapies and life sciences company, announces that on 20 January 2020, a total of 729,200 options of common stock in the Company ("Common Stock") were granted to PDMRs who are directors or officers of the Company ("Option Grants"). The annual 2020 grants were approved at a Board Meeting in December 2019, subject to issuance being following announcement of the Company's recent trading update ("Trading Update"). Details of the Option Grants are given below:
Option Grants to PDMRs
Doerfler, Doug
390,200
Holtz, Ron
177,600
Thompson, J. Stark
26,900
Mandell, Art
26,900
Erck, Stan
26,900
Brooke, Will
26,900
Johnston, John
26,900
Douglas, Richard
26,900
Total
729,200
Options Grants to PDMRs vest ratably on a monthly basis over 48 months, have an exercise period of 10 years from date of grant, at which time they will expire, and have an exercise price equal to the closing price of MaxCyte's stock on 20 January 2020, of 136.00 pence (being the closing share price on the day of the Trading Update).
The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Names
Doerfler, Doug
Holtz, Ron
Thompson, J. Stark
Mandell, Art
Erck, Stan
Brooke, Will
Johnston, John
Douglas, Richard
2
Reason for the notification
a)
Position/status
Doerfler, Doug - CEO and Director
Holtz, Ron - CFO and Director
Thompson, J. Stark - Non-executive Chairman
Mandell, Art - Non-executive Director
Erck, Stan - Non-executive Director
Brooke, Will - Non-executive Director
Johnston, John - Non-executive Director
Douglas, Richard - 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
MaxCyte, Inc.
b)
LEI
54930053YHXULRFCU991
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
Grant of Options over Shares of Common Stock
b)
Identification code
US57777K1060
c)
Nature of the transactions
Grant of Options to PDMRs
d)
Price(s) and volume(s)
Doerfler, Doug - 390,200 at an exercise price of 136.00 pence
Holtz, Ron - 177,600 at an exercise price of 136.00 pence
Thompson, J. Stark - 26,900 at an exercise price of 136.00 pence
Mandell, Art - 26,900 at an exercise price of 136.00 pence
Erck, Stan - 26,900 at an exercise price of 136.00 pence
Brooke, Will - 26,900 at an exercise price of 136.00 pence
Johnston, John - 26,900 at an exercise price of 136.00 pence
Douglas, Richard - 26,900 at an exercise price of 136.00 pence
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transactions
20 January 2020
f)
Place of the transaction
Outside a trading venue
About MaxCyte
MaxCyte is a clinical-stage global cell-based therapies and life sciences company applying its proprietary cell engineering platform to deliver the advances of cell-based medicine to patients with high unmet medical needs. Through its life sciences business, MaxCyte leverages its Flow Electroporation® Technology to enable its biopharmaceutical partners to advance the development of innovative medicines, particularly in cell therapy. MaxCyte has placed its technology worldwide, including with all of the top ten global biopharmaceutical companies. The Company now has more than 100 partnered programme licenses in cell therapy with more than 70 licensed for clinical use. The Company has now signed eight clinical/commercial licenses with leading cell therapy developers and the potential pre-commercial milestones from these relationships now exceeds $650 million. With its robust delivery technology platform, MaxCyte helps its partners to unlock the full potential of their products. MaxCyte is also developing novel CARMA therapies, with its first drug candidate in a Phase I clinical trial. CARMA is MaxCyte's mRNA-based proprietary therapeutic platform for autologous cell therapy for the treatment of solid cancers. MaxCyte has established CARMA as a wholly owned subsidiary to facilitate independent investment and new partnerships to advance the CARMA platform. For more information, visit www.maxcyte.com
For further information, please contact:
MaxCyte Inc.
Doug Doerfler, Chief Executive Officer
Ron Holtz, Chief Financial Officer
+1 301 944 1660
Nominated Adviser and Joint Corporate Broker
Panmure Gordon
Emma Earl
Freddy Crossley
Corporate Broking
James Stearns
+44 (0)20 7886 2500
Joint Corporate Broker
Numis Securities Limited
James Black
Duncan Monteith
+44 (0)20 7260 1000
Financial PR Adviser
Consilium Strategic Communications
Mary-Jane Elliott
Chris Welsh
Sukaina Virji
--------------------------------------------------------------
+44 (0)203 709 5700
maxcyte@consilium-comms.com
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