REG - Syncona Limited - Issue of shares pursuant to incentive scheme

SynconaAnnouncement

13/07/2023 15:30

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RNS Number : 9754F  Syncona Limited  13 July 2023

Syncona Limited

Issue of shares pursuant to long-term incentive scheme and PDMR dealings

13 July 2023

Syncona Ltd (the "Company"), a leading healthcare company focused on creating,
building and scaling a portfolio of global leaders in life science, today
announces that a total of 2,477,342 new ordinary shares (representing 0.37%
of the Company's existing issued ordinary shares) will be issued in
satisfaction of realisations under the Company's long term incentive scheme.
The new ordinary shares, when issued, will rank pari passu with the existing
issued ordinary shares of the Company. In accordance with the rules of the
incentive scheme, the number of ordinary shares to be issued has been
calculated using the closing mid-market price on 12 July, 2023, £1.548.

In accordance with the rules of the incentive scheme, ordinary shares
delivered on realisation may not be sold or transferred by the recipient for a
period of one year following the realisation date.

The issue of shares include the following shares to be issued to senior
members of the Syncona Investment Management Limited (SIML) leadership team:

 Name             SIML Title               No. of shares to be issued
 Martin Murphy    Chair                    1,117,873
 Chris Hollowood  Chief Executive Officer  719,421

Application will be made to the Financial Conduct Authority for the shares to
be admitted to the Official List, and to the London Stock Exchange for the
shares to be admitted to trading and it is expected that dealings will
commence in the new ordinary shares on 19 July 2023.

Following admission, the Company will have 671,806,666 ordinary shares in
issue and the total number of voting rights in the Company will
be 671,806,666. The Company does not hold any ordinary shares in
treasury. This figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change in their interests in, the Company under the FCA's
Disclosure and Transparency Rules.

Notification of transactions by Persons Discharging Managerial
Responsibilities ("PDMRs") are set out below.

 ENDS 

Enquiries

Syncona Ltd

Annabel Clark / Fergus Witt

Tel: +44 (0) 20 3981 7940

About Syncona

Syncona's purpose is to invest to extend and enhance human life. We do this by
creating and building companies to deliver transformational treatments to
patients in areas of high unmet need.

Our strategy is to create, build and scale companies around exceptional
science to create a diversified portfolio of 20-25 globally leading life
science businesses, across development stage, modality and therapeutic areas,
for the benefit of all our stakeholders. We focus on developing treatments for
patients by working in close partnership with world-class academic founders
and management teams. Our balance sheet underpins our strategy enabling us to
take a long-term view as we look to improve the lives of patients with no or
poor treatment options, build sustainable life science companies and deliver
strong risk-adjusted returns to shareholders.

Copies of this press release and other corporate information can be found on
the company website at: www.synconaltd.com (http://www.synconaltd.com/)

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Martin Murphy
 2.  Reason for the notification
 a)  Position / status                        Chair, SIML
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Syncona Limited
 b)  LEI                                      213800X8MBI5VQITLW60
 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  Ordinary shares

                                              GG00B8P59C08
 b)  Nature of the transaction                Issue of shares pursuant to the Syncona long term incentive scheme
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)

                                              £1.548    1,117,873
 d)  Aggregated information

     Aggregated volume

     Price                                    N/A
 e)  Date of the transaction                  13 July 2023
 f)  Place of the transaction                 Outside a trading venue
 g)  Currency                                 GBP - British Pound

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

e)

Date of the transaction

13 July 2023

f)

Place of the transaction

Outside a trading venue

g)

Currency

GBP - British Pound

 

 

 1.  Details of PDMR / person closely associated with them ("PCA")
 a)  Name                                     Chris Hollowood
 2.  Reason for the notification
 a)  Position / status                        Chief Executive Officer, SIML
 b)  Initial notification / amendment         Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                     Syncona Limited
 b)  LEI                                      213800X8MBI5VQITLW60
 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  Ordinary shares

                                              GG00B8P59C08
 b)  Nature of the transaction                Issue of shares pursuant to the Syncona long term incentive scheme
 c)  Price(s) and volume(s)                   Price(s)  Volume(s)

                                              £1.548    719,421
 d)  Aggregated information

     Aggregated volume

     Price                                    N/A
 e)  Date of the transaction                  13 July 2023
 f)  Place of the transaction                 Outside a trading venue
 g)  Currency                                 GBP - British Pound

d)

Aggregated information

Aggregated volume

Price

 

 

N/A

e)

Date of the transaction

13 July 2023

f)

Place of the transaction

Outside a trading venue

g)

Currency

GBP - British Pound

 

 

 

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