REG - Shield Therapeutics - PDMR Transaction Notification

Shield TherapeuticsAnnouncement

27/11/2023 17:30

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RNS Number : 8171U  Shield Therapeutics PLC  27 November 2023

 

Shield Therapeutics plc

("Shield Therapeutics" or the "Company")

 

PDMR Transaction Notification

 

London, UK, 27 November 2023: Shield Therapeutics plc (LSE:STX), a commercial
stage pharmaceutical company with a focus on addressing iron deficiency with
its lead product Accrufer®/Feraccru® (ferric maltol), confirms that Mr Hans
Peter Hasler, Chairman, acquired 2,000,000 Ordinary Shares in the Company on
21 November 2023 at a price of 6.1p per share. Mr Hasler now holds a
beneficial interest in 5,500,000 Ordinary Shares.

 

The notification below, which has been made in accordance with the
requirements of the EU Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 

 1.                            Details of the person discharging managerial responsibilities / person closely
                               associated
 a.                            Name                                      Hans Peter Hasler
 2.                            Reason for the notification
 a.                            Position/status                           Chairman
 b.                            Initial notification                      Initial

                               /Amendment
 3.                            Details of the issuer, emission allowance market participant, auction
                               platform, auctioneer or auction monitor
 a.                            Name                                      Shield Therapeutics plc
 b.                            LEI                                       213800G74QWY15FC3W71
 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                        Ordinary shares of 1.5p each in the capital of the Company

                               Financial instrument, type

                               of instrument

                               Identification code

                                                                         ISIN of Ordinary Shares: GB00BYV81293
 b.                            Nature of the transaction                 Acquisition of Ordinary Shares

 c.                            Price(s) and volume(s)

Price(s)  Volume(s)

                                                                         6.1p      2,000,000
 d.                            Aggregated information

                               ·      Aggregated volume                  2,000,000

                               ·      Price

                                                                         £122,000

 e.                            Date of the transaction                   21 November 2023
 f.                            Place of the transaction                  AIM

d.

Aggregated information

·      Aggregated volume

·      Price

 

 

2,000,000

 

£122,000

 

e.

Date of the transaction

21 November 2023

f.

Place of the transaction

AIM

 

 

 

For further information please contact:

 

 Shield Therapeutics plc                                                                         www.shieldtherapeutics.com (http://www.shieldtherapeutics.com/)
 Greg Madison, CEO                                                                               +44 (0) 191 511 8500

 Nominated Adviser and Joint Broker
 Peel Hunt LLP
 James Steel/Patrick Birkholm                                                                    +44 (0)20 7418 8900

 Joint Broker

 Cavendish Capital Markets Ltd

 Geoff Nash/ George Dollemore/Nigel                                                              +44 (0)20 7220 0563
 Birks

 Financial PR & IR Advisor
 Walbrook PR
 Paul McManus/ Alice Woodings                                                                    +44 (0)20 7933 8780 or shield@walbrookpr.com (mailto:shield@walbrookpr.com)

 Investor Contact (US Advisor)

 LifeSci Advisors, LLC

 John Mullaly                                                                                    +1 617 429 3548 or jmullaly@lifesciadvisors.com

 

 

About Iron Deficiency and Accrufer®/Feraccru®

Clinically low iron levels (aka iron deficiency, ID) can cause serious health
problems for adults of all ages, across multiple therapeutic areas. Together,
ID and ID with anemia (IDA) affect about 20 million people in the US and
represent a $2.3B market opportunity. As the first and only FDA approved oral
iron to treat ID/IDA, Accrufer® has the potential to meet an important unmet
medical need for both physicians and patients.

 

Accrufer®/Feraccru® (ferric maltol) is a novel, stable, non-salt-based oral
therapy for adults with ID/IDA. Accrufer®/Feraccru® has a novel mechanism of
absorption compared to other oral iron therapies and has been shown to be an
efficacious and well-tolerated therapy in a range of clinical trials. More
information about Accrufer®/Feraccru®, including the product label, can be
found at: www.accrufer.com (http://www.accrufer.com) and www.feraccru.com
(http://www.feraccru.com) .

 

About Shield Therapeutics plc

Shield is a commercial stage specialty pharmaceutical company that delivers
Accrufer®/Feraccru® (ferric maltol), an innovative and differentiated
pharmaceutical product, to address a significant unmet need for patients
suffering from iron deficiency, with or without anemia. The Company launched
Accrufer® in the U.S. with an exclusive, multi-year collaboration agreement
with Viatris. Outside of the U.S., the Company licensed the rights to four
specialty pharmaceutical companies. Feraccru® is commercialized in the UK and
European Union by Norgine B.V. (Norgine), which also has marketing rights in
Australia and New Zealand. Shield also has an exclusive license agreement with
Beijing Aosaikang Pharmaceutical Co., Ltd., for the development and
commercialization of Accrufer®/ Feraccru® in China, Hong Kong, Macau and
Taiwan, with Korea Pharma Co., Ltd. for the Republic of Korea (Korea Pharma),
and with KYE Pharmaceuticals Inc. for Canada.

 

Accrufer®/Feraccru® has patent coverage until the mid-2030s.

Accrufer®/Feraccru® are registered trademarks of Shield Therapeutics.

 

 

 

 

 

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