REG - Oxford BioDynamics - PDMR Dealing / Grant of Share Options

Oxford BiodynamicsAnnouncement

31/03/2020 07:00

RNS Number : 1358I
  
Oxford BioDynamics PLC
  
31 March 2020
  
 

31 March 2020
 
Oxford BioDynamics Plc
("OBD" or the "Company" and, together with its subsidiaries, the "Group")
 
PDMR Dealing / Grant of Share Options
 
Oxford BioDynamics Plc (AIM: OBD) (the "Company"), a biotechnology company focused on the discovery and development of epigenetic biomarkers based on regulatory 3D genome architecture using its liquid biopsy platform EpiSwitch™, announces that it has today granted a total of 925,598 options over its ordinary shares of 1 pence each, to Chief Executive Officer Dr Jon Burrows, who is a Director of the Company. The options were granted under the Company's 2016 Non-Employee Share Option Plan with an exercise price of 100 pence per share.
 
One-third of the options granted will vest and become exercisable on the first anniversary of the grant date; one-third on the second anniversary and one-third on the third anniversary. Vested options will remain exercisable up to and including the tenth anniversary of the date of grant.
 
Following this grant, Jon Burrows holds 925,598 options. The notifications below, which are 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


Jon Burrows




2


Reason for the notification




a)


Position/status 


Director/PDMR




b)


Initial notification/ Amendment 


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


Oxford BioDynamics Plc 




b)


LEI


2138005Y1TK258O5U928




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 1 pence each
 
ISIN:   GB00BD5H8572




b)


Nature of the transaction


Grant of share options




c)


Price(s) and volume(s)


925,598 ordinary shares at an exercise price of 100 pence per share
 
 




d)


Aggregated information
- Aggregated volume
- Price
 


N/A
 
 




e)


Date of the transaction


30 March 2020
 




f)


Place of the transaction


Outside a trading venue



 
 
For further details please contact:
 



Oxford BioDynamics Plc 
Jon Burrows, CEO 
Paul Stockdale, CFO
 


+44 (0)1865 518910




Shore Capital 
Nominated Adviser and Broker
Stephane Auton
Edward Mansfield
John More
 


+44 (0)20 7408 4090




FTI Consulting 
Financial Public Relations Adviser
Natalie Garland-Collins
 


+44 (0)20 3727 1000 



 
Notes for Editors
 
About Oxford BioDynamics Plc
 
Oxford BioDynamics Plc (AIM: OBD) ("Oxford BioDynamics") is a biotechnology company focused on the discovery and development of epigenetic biomarkers, based on regulatory 3D genome architecture, for use within the pharmaceutical and biotechnology industry. 
 
The Company's award-winning, proprietary technology platform, EpiSwitch™, offers non-invasive liquid biopsy readouts to the standards of validated predictive, prognostic and diagnostic patient stratifications, and aims to accelerate the drug discovery and development process, improve the success rate of therapeutic product development and take advantage of the increasing importance of personalised medicine. 
 
In particular, EpiSwitch™ offers non-invasive molecular read-outs with strong links to clinical outcomes, and helps reduce time to market, failure rates and the costs at every stage of drug discovery.  Additionally, the technology provides significant insights into disease mechanisms for drug discovery and product re‐positioning programmes, and enables the personalisation of therapeutics for patients in the context of challenging pricing environments where improved clinical outcomes are critical.
 
In April 2019, Oxford BioDynamics received the Queen's Award for Enterprise: Innovation. The Queen's Awards for Enterprise are the most prestigious awards for UK businesses.
 
The Company is headquartered in the UK and listed on the London Stock Exchange's AIM under the ticker "OBD".  For more information please visit www.oxfordbiodynamics.com.
 


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