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RNS Number : 4597T Synairgen plc 15 November 2023
Synairgen plc
('Synairgen' or the 'Company')
Grant of Options
Southampton, UK - 15 November 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 14 November 2023 the Board of Synairgen granted options ('Options')
over 1,900,000 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 0.94 per cent. of the Company's issued share
capital.
Following this grant, Synairgen has 18,940,446 options in issue, representing
9.41 per cent. of the Company's issued share capital.
Certain Options were issued to the recently recruited Chief Financial Officer
and Chief Medical Officer respectively, the former a Director of the Company;
the later a Persons Discharging Managerial Responsibilities ('PDMR'):
Options issued 14 Nov 2023 Total options Ordinary shares Total interest Percentage holding of fully diluted share capital
Directors
Joseph Colliver 750,000 750,000 - 750,000 0.34%
PDMRs
Marcin Mankowski 750,000 750,000 - 750,000 0.34%
The Options are issued under the Company's Long Term Incentive Plan and are
exercisable up to 13 November 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
Cavendish Capital Markets Limited (NOMAD and Joint Broker)
Geoff Nash, Charlie Beeson (Corporate Finance)
Sunila de Silva (ECM)
Tel: + 44 (0) 20 7220 0500
Deutsche Numis (Joint Broker)
Freddie Barnfield, Duncan Monteith, Euan Brown
Tel: + 44 (0) 20 7260 1000
ICR Consilium (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
Notes for Editors
About Synairgen
Synairgen is a UK-based respiratory company focused on drug discovery and the
development of SNG001 (inhaled interferon beta) as potentially the first
host-targeted, broad-spectrum antiviral treatment delivered directly into the
lungs for severe viral lung infections.
Millions of people globally are hospitalised every year due to viral lung
infections and there are currently no approved antiviral therapies for the
majority of these patients. Synairgen is developing SNG001 to address this
need.
Synairgen is quoted on AIM (LSE: SNG). For more information about Synairgen,
please see www.synairgen.com
1. Details of Persons Discharging Managerial Responsibilities ('PDMR') / person
closely associated with them ('PCA')
a) Name Joseph Colliver
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) 750,000 Options awarded
Exercise price of one pence
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 14 November 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 Marcin Mankowski
2. Reason for notification
a) Position / status Chief Medical 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) 750,000 Options awarded
Exercise price of one pence
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 14 November 2023
f) Place of the transaction Outside a trading venue
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