21 Sep 2016 07:00
For immediate release
21 September 2016
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 19 September 2016 that on that date 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) and The Dr J S Milner Accumulation and Maintenance Trust and The Evolution Education Trust, of each of which Dr. Milner is a trustee, carried out the following transactions in Abcam's shares:
· The exercise of 20,361 options by Dr. Milner over 20,361 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") at an exercise price of 0.2 pence per share and the subsequent sale of the resulting Ordinary Shares at 819.7618 pence per share;
· A transfer by Dr. Milner of 215,000 Ordinary Shares for nil consideration to The Evolution Education Trust of which he is a trustee; and
· A sale, in aggregate of 1,310,370 Ordinary Shares held by Dr. J S Milner Accumulation and Maintenance Trust, Dr. Milner's wife (Roza Gounaris-Milner) and the Evolution Education Trust at a price of 803.88 pence per Ordinary Share
Dr. Milner intends to use the proceeds from the sale for charitable donations, private company investments and 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 1,330,731 Ordinary Shares (including sale of the 20,361 Ordinary Shares resulting from the exercise of the share options referred to above) to a total of 21,994,934 Ordinary Shares, representing approximately 10.84% of the Company's issued share capital and he holds 20,361 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 | + 44 (0) 1223 696 000 |
Suzanne Smith, Company Secretary
| |
J.P.Morgan Cazenove - Nominated Advisor & Corporate Broker | + 44 (0) 20 7742 4000 |
James Mitford / Christopher 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 | 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 | 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 | Exercise of share options at an exercise price of £0.002 per share and sale of resulting ordinary shares | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
819.7618p | 20,361 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
20,361 819.7618p £166,911.70 | |
f) | Date of the transaction | 19 September 2016 | |
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 | 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
GB00B6774699 | |
b) | Nature of the transaction | Sale by the Dr J S Milner Accumulation and Maintenance Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
803.88p | 160,000 | ||
e) | Aggregated information - Aggregated volume - Price - aggregated total |
160,000 803.88p £1,286,208 | |
f) | Date of the transaction | 19 September 2016 | |
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 | 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
GB00B6774699 | |
b) | Nature of the transaction | Transfer to the Evolution Education Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
nil | 215,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
215,000 Nil nil | |
f) | Date of the transaction | 19 September 2016 | |
g) | Place of the transaction | London Stock Exchange | |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name | The 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 | 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
GB00B6774699
| |
b) | Nature of the transaction | Sale by the Evolution Education Trust | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
803.88p | 150,000 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
150,000 803.88p £1,205,820 | |
f) | Date of the transaction | 19 September 2016 | |
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 | 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
GB00B6774699 | |
b) | Nature of the transaction | Sale | |
c) | Currency | GBP | |
d) | Price(s) and volume(s) | Price(s) | Volume(s) |
803.88p | 1,000,370 | ||
e) | Aggregated information - Aggregated volume - Price - Aggregated total |
1,000,370 803.88p £8,041,774.36 | |
f) | Date of the transaction | 19 September 2016 | |
g) | Place of the transaction | London Stock Exchange | |