22 Sep 2017 07:00
For immediate release | 22 September 2017 |
ABCAM PLC
("Abcam" or the "Company")
Director/PDMR Shareholding Notification
Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the supply of life science research tools, was notified on 21 September 2017 that on the dates below Dr Jonathan Milner, a Non-Executive Director of the Company and persons closely associated with Dr Milner, namely Dr Milner's wife (Roza Gounaris-Milner), The Dr J S Milner Accumulation and Maintenance Trust and The Evolution Education Trust, each of which Dr Milner is a trustee, and three companies (Avocet 66 Limited, Peregrine 66 Limited and Suntail 66 Limited) of which Dr Milner is a shareholder and a director, carried out the following transactions in Abcam's shares:
19 September 2017:
· The exercise of 17,243 options by Dr Milner over 17,243 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") at an exercise price of 0.2 pence per share;
· A transfer by Dr Milner of 95,057 Ordinary Shares for nil consideration to The Evolution Education Trust of which he is a trustee;
· A transfer by Dr Milner of 17,243 Ordinary Shares for nil consideration to his wife (Roza Gounaris-Milner);
21 September 2017:
· A sale, in aggregate, of 567,033 Ordinary Shares held by The Dr J S Milner Accumulation and Maintenance Trust, of which Dr Milner is a trustee, at a price of £10.168 per Ordinary Share;
· A sale, in aggregate, of 1,982,967 Ordinary Shares held by The Dr J S Milner Accumulation and Maintenance Trust, of which Dr Milner is a trustee, at a price of £10.168 per Ordinary Share to the following companies (in which both Dr Milner and The Dr J S Milner Accumulation and Maintenance Trust are shareholders and of which Dr Milner is a director), in consideration for the issue by those companies of further shares to The Dr J S Milner Accumulation and Maintenance Trust:
o 660,989 Ordinary Shares to Avocet 66 Limited;
o 660,989 Ordinary Shares to Peregrine 66 Limited; and
o 660,989 Ordinary Shares to Suntail 66 Limited;
· A sale, in aggregate, of 500,000 Ordinary Shares held by Dr Milner's wife (Roza Gounaris-Milner) at a price of £10.168 per Ordinary Share; and
· A sale, in aggregate, of 57,034 Ordinary Shares held by The Evolution Education Trust at a price of £10.168 per Ordinary Share.
These transactions are for tax and estate planning. Dr Milner remains fully committed to the Company as an active member of the Abcam Board in his role as Deputy Chairman.
As a result of the transactions described above, Dr Milner's total direct and indirect interest in the Company has decreased by 1,124,067 Ordinary Shares (including transfer of the 17,243 Ordinary Shares resulting from the exercise of the share options referred to above) to a total of 20,888,110 Ordinary Shares, representing approximately 10.21% of the Company's issued share capital and he holds 17,243 fewer options over Ordinary Shares.
Dr Milner's remaining direct and indirect interest in the Company is subject to a 12 month lock-up on customary terms.
The notifications for Dr Milner and the persons closely associated with him can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.
##Ends##
For further information, please contact:
Abcam Suzanne Smith, Company Secretary
| + 44 (0) 1223 696 000 |
J.P. Morgan Cazenove - Nominated Advisor & Corporate Broker James Mitford / Candelle Chong
| + 44 (0) 20 7742 4000 |
FTI Consulting Ben Atwell / Brett Pollard / Natalie Garland-Collins | + 44 (0) 20 3727 1000 |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dr J S Milner | |
2 | Reason for the notification | ||
a) | Position/status | Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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 0.2 pence each
GB00B6774699 | |
b) | Nature of the transaction | Exercise of share options at an exercise price of £0.002 per share. | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£0.002 | 17,243 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
17,243 £0.002 £34.486 | |
f) | Date of the transaction | 19 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dr J S Milner | |
2 | Reason for the notification | ||
a) | Position/status | Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal to the Evolution Education Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 95,057 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
95,057 Nil Nil | |
f) | Date of the transaction | 19 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Evolution Education Trust | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal from Dr J S Milner | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
nil | 95,057 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
95,057 Nil Nil | |
f) | Date of the transaction | 19 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Dr J S Milner | |
2 | Reason for the notification | ||
a) | Position/status | Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal to Roza Gounaris-Milner | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 17,243 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
17,243 Nil Nil | |
f) | Date of the transaction | 19 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Roza Gounaris-Milner | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Acquisition from Dr J S Milner | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
Nil | 17,243 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
17,243 Nil Nil | |
f) | Date of the transaction | 19 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | The Dr J S Milner Accumulation and Maintenance Trust | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal by the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 567,033 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
567,033 £10.168 £5,765,591.54 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | The Dr J S Milner Accumulation and Maintenance Trust | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal by the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 1,982,967 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
1,982,967 £10.168 £20,162,808.45 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Avocet 66 Limited | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Acquisition from the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 660,989 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
660,989 £10.168 £6,720,936.15 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Peregrine 66 Limited | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Acquisition from the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 660,989 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
660,989 £10.168 £6,720,936.15 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Suntail 66 Limited | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Acquisition from the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 660,989 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
660,989 £10.168 £6,720,936.15 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Roza Gounaris-Milner | |
2 | Reason for the notification | ||
a) | Position/status | Wife of Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 500,000 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
500,000 £10.168 £5,084,000 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Education Evolution Trust | |
2 | Reason for the notification | ||
a) | Position/status | Person closely associated with Dr J S Milner, Deputy Chairman | |
b) | Initial notification /Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Abcam plc | |
b) | Legal Entity Identifier | 213800B9N83DSNT33F79 | |
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
GB00B6774699 | |
b) | Nature of the transaction | Disposal by the Evolution Education Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
£10.168 | 57,034 | ||
| |||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
57,034 £10.168 £579,921.71 | |
f) | Date of the transaction | 21 September 2017 | |
g) | Place of the transaction | London Stock Exchange | |