28 Dec 2022 07:00
28 December 2022
ADVANCED ONCOTHERAPY PLC
("Advanced Oncotherapy" or the "Company")
Director/PDMR Shareholding
Advanced Oncotherapy (AIM:AVO), the developer of LIGHT, the next-generation proton therapy system for cancer treatment, announces that, on 23 December 2022, Dr. Michael Sinclair, Executive Chairman, purchased a total of 80,000 ordinary shares of 25p each in the Company ("Ordinary Shares") at a price of 12.3 pence per share.
Following this purchase, Dr. Michael Sinclair has a total beneficial interest in 9,440,814 Ordinary Shares equivalent to 1.76 per cent. of the Company's issued share capital.
Further details and the information required in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.
- ENDS -
Advanced Oncotherapy plc | www.avoplc.com |
Dr Michael Sinclair, Executive Chairman | Tel: +44 (0) 20 3617 8728 |
Nicolas Serandour, CEO |
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Allenby Capital Limited (Nomad and Joint Broker) | |
Nick Athanas / Piers Shimwell (Corporate Finance) Amrit Nahal / Matt Butlin (Sales & Broking) | Tel: +44 (0) 20 3328 5656 |
SI Capital Ltd (Joint Broker) |
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Nick Emerson | Tel: +44 (0) 1483 413 500 |
Jon Levinson | Tel: +44 (0) 20 3871 4066 |
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Notes for Editors
About Advanced Oncotherapy Plc www.avoplc.com
Advanced Oncotherapy, a UK headquartered company with offices in London, Geneva, The Netherlands and in the USA, is a provider of particle therapy with protons that harnesses the best in modern technology. Advanced Oncotherapy's team "ADAM," based in Geneva, focuses on the development of a proprietary proton accelerator called, Linac Image Guided Hadron Technology (LIGHT). LIGHT's compact configuration delivers proton beams in a way that facilitates greater precision and electronic control.
Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with innovative technology as well as expected lower treatment-related side effects.
Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.
1 | Details of the person discharging managerial responsibilities | |
a) | Name | Dr. Michael Sinclair
|
2 | Reason for the notification | |
a) | Position/status | Executive Chairman |
b)
| Initial notification /Amendment | Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Advanced Oncotherapy plc |
b) | LEI | 213800LUDHZOG3YT6C82 |
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 25p each in Advanced Oncotherapy plc Identification code (ISIN) for Advanced Oncotherapy plc ordinary shares: GB00BD6SX109 |
b) | Nature of the transaction | Purchase of shares
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c) | Price(s) and volume(s) |
Price(s)- 12.3 pence Volume (s)- 80,000
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d) | Aggregated information - Aggregated volume - Price |
N/A
|
e) | Date of the transaction | 23 December 2022
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f) | Place of the transaction | London Stock Exchange |