9 Dec 2016 14:56
For immediate release | 9 December 2016 |
ABCAM PLC
("Abcam" or "the Company")
Non-Executive Director Remuneration
Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the supply of life science research tools, has been notified that, each Non-Executive Director ("NED") purchased ordinary shares of 0.2 pence each in the Company ("Shares") on 8 December 2016 at a price of 785.8803 pence per share pursuant to individual fee agreements entered into by the NEDs with the Company on 15 October 2015 ("Fee Agreements") under which the NEDs agreed to receive part of their fees delivered as a fixed number of Shares.
Under the Fee Agreements, it was agreed that one third of the NEDs' initial total fees for Abcam's financial year ending 30 June 2016 would be delivered as Shares after deductions for PAYE and National Insurance following the announcement of the preliminary results for the year on 12 September 2016. As previously announced, a fixed number of Shares were calculated for each NED by dividing one third of the total fees by the average share price of £5.95 (being the average share price for the ten dealing days following the announcement of Abcam's preliminary results for the year ended 30 June 2015). A final reconciliation has now been completed and in order to satisfy the agreed one third of their total fee in Shares, the additional Shares detailed below have been purchased.
Details of the net number of Shares purchased and the total interest in the Company of each NED after the share purchase are set out below:
Non-Executive Director | Net number of Shares purchased | Total holding of Shares |
Louise Patten | 431 | 38,887 |
Mara Aspinall | 298 | 1,048 |
Murray Hennessy | 504 | 37,323 |
Susan Harris | 428 | 1,615 |
Each of the NEDs has committed not to transfer or sell the Shares during the term of their Non-Executive directorship.
Michael Ross and Anthony Martin, who were Non-Executive Directors of the Company until 31 October 2016, received 78 and 220 Shares respectively 8 December 2016 in respect of their fees for Abcam's financial year ending 30 June 2016
For further information please contact:
Abcam | + 44 (0) 1223 696 000 |
Suzanne Smith, Company Secretary
| |
J.P.Morgan Cazenove - Nominated Adviser & Corporate Broker | + 44 (0) 20 7742 4000 |
James Mitford / Chris Cargill | |
FTI Consulting | + 44 (0) 20 3727 1000 |
Ben Atwell / Brett Pollard / Natalie Garland-Collins |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Louise Patten | |
2 | Reason for the notification | ||
a) | Position/status | Senior Independent Director | |
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 | N/A | |
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 | Purchase of shares pursuant to individual fee arrangements | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
7.858803 | 431 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
431 7.858803 3,387.14 | |
f) | Date of the transaction | 8 December 2016 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Mara Aspinall | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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 | N/A | |
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 | Purchase of shares pursuant to individual fee arrangements | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
7.858803 | 298 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
298 7.858803 2,341.92 | |
f) | Date of the transaction | 8 December 2016 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Murray Hennessy | |
2 | Reason for the notification | ||
a) | Position/status | 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 | N/A | |
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 | Purchase of shares pursuant to individual fee arrangements | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
7.858803 | 504 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
504 7.858803 3,960.83 | |
f) | Date of the transaction | 8 December 2016 | |
g) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | Susan Harris | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
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 | N/A | |
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 | Purchase of shares pursuant to individual fee arrangements | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
7.858803 | 428 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
428 7.858803 3,363.56 | |
f) | Date of the transaction | 8 December 2016 | |
g) | Place of the transaction | London Stock Exchange, AIM | |