REG - Synairgen plc - Grant of Options

SynairgenAnnouncement

22/06/2023 07:00

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RNS Number : 5144D  Synairgen plc  22 June 2023

 

Synairgen plc

('Synairgen' or the 'Company')

Grant of Options

 

Southampton, UK - 22 June 2023: Synairgen plc (LSE: SNG), the respiratory
company developing SNG001, an investigational formulation for inhalation
containing the broad-spectrum antiviral protein interferon beta, announces
that on 21 June 2023 the Board of Synairgen granted options ('Options') over
6,132,718 ordinary shares of one pence each in the capital of the Company
('Ordinary Shares') at an exercise price of one pence per Ordinary Share. The
Options represent in aggregate 3.05 per cent. of the Company's issued share
capital.

Following this grant, Synairgen has 18,119,156 options in issue, representing
9.00 per cent. of the Company's issued share capital.

Certain Options were issued to Directors of the Company and Persons
Discharging Managerial Responsibilities ('PDMR'):

                     Options issued      21 June 2023       Total options  Ordinary shares  Total interest  Percentage holding of fully diluted share capital
 Directors
 Richard Marsden(1)  496,000                                2,819,178      995,771          3,814,949       1.74%
 Dr. Phillip Monk    480,000                                2,159,771      423,934          2,583,705       1.18%
 John Ward           480,000                                2,259,140      734,092          2,993,232       1.36%
 PDMRs
 Jody Brookes        480,000                                1,323,590      -                1,323,590       0.60%
 Richard Francis     480,000                                1,108,636      -                1,108,636       0.51%
 Richard Hennings    480,000                                1,237,568      -                1,237,568       0.56%
 Gareth Walters      480,000                                1,115,779      -                1,115,779       0.51%

 

1.   Richard Marsden's shareholding includes 184,821 shares held in his
pension plan.

 

The Options are issued under the Company's Long Term Incentive Plan and are
exercisable up to 20 June 2033, subject to the achievement of appropriate
performance criteria which match the criteria for the 2022 award as set out on
page 23 of the 2022 annual report.

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018.

 

For further enquiries, please contact:

Synairgen plc

Media@synairgen.com (mailto:Media@synairgen.com)

Tel: + 44 (0) 23 8051 2800

 

finnCap (NOMAD and Joint Broker)

Geoff Nash, Charlie Beeson (Corporate Finance)

Alice Lane, Sunil de Silva (ECM)

Tel: + 44 (0) 20 7220 0500

 

Numis Securities Limited (Joint Broker)

Freddie Barnfield, Duncan Monteith

Tel: + 44 (0) 20 7260 1000

 

Consilium Strategic Communications (Financial Media and Investor Relations)

Mary-Jane Elliott, Namrata Taak, Lucy Featherstone

cscsynairgen@consilium-comms.com (mailto:cscsynairgen@consilium-comms.com)

Tel: +44 (0) 20 3709 5700

 

MKC STRATEGIES, LLC (US Media Relations)

Mary Conway

MConway@MKCStrategies.com (mailto:MConway@MKCStrategies.com)

Tel: +1 516-606-6545

 

Notes for Editors

About Synairgen

Synairgen is a UK-based respiratory company focused on drug discovery,
development and commercialisation. The Company's primary focus is developing
SNG001 (inhaled interferon beta) for the treatment of severe viral lung
infections, including COVID-19, as potentially the first host-targeted,
broad-spectrum antiviral treatment delivered directly into the lungs. SNG001
has been granted Fast Track status from the US Food and Drug Administration
(FDA). Founded by University of Southampton Professors Sir Stephen Holgate,
Donna Davies and Ratko Djukanovic in 2003, Synairgen is quoted on AIM (LSE:
SNG). For more information about Synairgen, please see www.synairgen.com
(http://www.synairgen.com) .

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Richard Marsden
 2.  Reason for notification
 a)  Position / status                        Chief Executive Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                   496,000 Options awarded

                                              Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Dr Phillip Monk
 2.  Reason for notification
 a)  Position / status                        Chief Scientific Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                   480,000 Options awarded

                                              Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     John Ward
 2.  Reason for notification
 a)  Position / status                        Chief Financial Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

      Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                    480,000 Options awarded

                                               Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Jody Brookes
 2.  Reason for notification
 a)  Position / status                        Head of Clinical Operations
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                    480,000 Options awarded

                                               Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Richard Francis
 2.  Reason for notification
 a)  Position / status                        Head of CMC and Quality
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                    480,000 Options awarded

                                               Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Richard Hennings
 2.  Reason for notification
 a)  Position / status                        Chief Commercial Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                    480,000 Options awarded

                                               Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
     closely associated with them ('PCA')
 a)  Name                                     Gareth Walters
 2.  Reason for notification
 a)  Position / status                        Chief Regulatory Officer
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Synairgen plc
 b)  LEI                                      213800IMMTOPPDF8HD24
 4.  Details of the transaction(s):
 a)  Description of the financial instrument  Options over ordinary shares of 1p each

     Identification code

                                              GB00B0381Z20
 b)  Nature of the transaction                Award of Options under the Company's share plans
 c)  Price(s) and volume(s)                    480,000 Options awarded

                                               Exercise price of one pence
 d)  Aggregated information                   n/a

     Aggregated volume Price
 e)  Date of the transaction                  21 June 2023
 f)  Place of the transaction                 Outside a trading venue

 

 

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