Last checked at 22 Nov 2019 08:41
22 November 2019
Avacta Group plc
("Avacta", the "Company" or the "Group")
Director/PDMR Shareholdings
Avacta Group plc (AIM: AVCT), the developer of Affimer® biotherapeutics and reagents, announces the following Directors' dealings undertaken for tax planning purposes:
Dr Trevor Nicholls, Non Executive Director, sold 108,333 ordinary shares of 10p each ("Ordinary Shares") at a price of 17.50 pence per Ordinary Share and his ISA purchased 107,455 Ordinary Shares at a price of 17.63 pence per Ordinary Share.
Following the transactions, the total beneficial interest of Dr Nicholls is 107,455 Ordinary Shares, representing less than 0.1% of the total voting rights.
Details of the full notifications received by the Company are set out below:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Trevor Nicholls | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/Amendment |
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Avacta Group Plc | ||||
b) | LEI | 2138009U3EG31OPMGH36 | ||||
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 |
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Identification code | GB00BYYW9G87 | |||||
b) | Nature of the transaction |
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c) | Price(s) and volume(s) |
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d) | Aggregated information: Aggregated volume Price |
As above | ||||
e) | Date of the transaction | 21 November 2019 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
- Ends -
For further information from Avacta Group plc, please contact:
Avacta Group plc Alastair Smith, Chief Executive Officer Tony Gardiner, Chief Financial Officer
| Tel: +44 (0) 844 414 0452 www.avacta.com |
finnCap Ltd (Nominated Adviser and Joint Broker) Geoff Nash / Giles Rolls - Corporate Finance Tim Redfern - ECM
WG Partners (Joint Broker) Nigel Birks / Nigel Barnes David Wilson / Claes Spang
| Tel: +44 (0) 207 220 0500 www.finncap.com
Tel: +44 (0) 203 705 9318 Tel: +44 (0) 203 705 9217 www.wgpartners.co.uk
|
Turner Pope Investments (TPI) Zoe Alexander / Andy Thacker
Yellow Jersey PR (Financial Media and IR) Sarah Hollins Harriet Jackson
Zyme Communications (Trade and Regional Media) Katie Odgaard | Tel: +44 (0) 203 657 0050 www.turnerpope.com
Tel: +44 (0)7764 947 137 Tel: +44 (0)7544 275 882 avacta@yellowjerseypr.com
Tel: +44 (0)7787 502 947 katie.odgaard@zymecommunications.com
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About Avacta Group plc - https://www.avacta.com
Avacta is developing novel cancer immunotherapies combining its two proprietary platforms - Affimer® biotherapeutics and pre|CISIONTM tumour targeted chemotherapy. With this approach, the Company aims to address the lack of a durable response to current immunotherapies experienced by most patients. The Company's therapeutics development activities are based in Cambridge, UK.
The Company benefits from near-term revenues generated from Affimer reagents for diagnostics, bioprocessing and research, through a separate business unit based in Wetherby, UK.
The Affimer platform is an alternative to antibodies derived from a small human protein. Despite their shortcomings, antibodies currently dominate markets worth in excess of $100bn. Affimer technology has been designed to address many of these negative performance issues, principally: the time taken, and the reliance on an animal's immune response, to generate new antibodies; poor specificity in many cases; large size and cost.
Avacta's pre|CISION targeted chemotherapy platform, releases active chemotherapy only in the tumour, thereby limiting systemic exposure and damage to healthy tissues, and thereby improving the overall safety and therapeutic potential of these powerful anti-cancer treatments.
By combining these two platforms the Company is building a wholly owned pipeline of novel cancer therapies with the aim of creating effective treatments for all cancer patients including those who do not respond to existing immunotherapies. Avacta expects to take its first drug, a pre|CISION targeted form of the standard-of-care Doxorubicin, into the clinic in the middle of 2020.
Avacta has established drug development partnerships with pharma and biotech, including with Moderna Therapeutics Inc., a deal with LG Chem worth up to $310m, and a partnership with ADC Therapeutics. Avacta actively seeks to license its proprietary platforms in a range of therapeutic areas.
Avacta diagnostics business unit works with partners world-wide to develop Affimers for evaluation by those third parties with the objective of establishing royalty bearing license deals. The Company is also developing a small in-house pipeline of Affimer-based diagnostic assays for licensing.
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