21 Sep 2018 11:00
LEI: 213800WRAP6W8VDL6B38
InnovaDerma PLC
("InnovaDerma" or the "Company")
InnovaDerma PLC
Director/PDMR Shareholding
InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, announces that it was notified on 20th and 21th September 2018, Haris Chaudhry, Executive Chairman of InnovaDerma, sold 1,00,0000 ordinary shares of €0.10 each ("Ordinary Shares") at an average price of £1.506 per Ordinary Share (the "Sale").
Following the Sale, Mr Chaudhry has an interest in, including that of the persons closely associated with him, of 4,030,220 Ordinary Shares representing 27.8%% of the issued share capital of the Company.
The total number of shares in which Haris Chaudhry is interested as above includes 50,000 Ordinary Shares owned by Mr Chaudhry's wife. Mr Chaudhry's wife is a person closely associated with him for the purposes of Article 19 of the Market Abuse Regulations.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Further enquiries
InnovaDerma Haris Chaudhry/Joe Bayer |
+61 (0)3 9863 8030 |
finnCap Ltd Geoff Nash/Giles Rolls/Kate Bannatyne Alice Lane - Corporate Broking |
+44 (0)207 220 0500 www.finncap.com |
TB Cardew Shan Shan Willenbrock/Tom Allison Joe McGregor |
+ 44 (0)20 7930 0777 innovaDerma@tbcardew.com
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About InnovaDerma:
InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma has presence in Europe, US, Australasia, Asia and Africa. www.innovaderma.com
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Haris Chaudhry
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2. | Reason for the Notification
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a) | Position/status | Executive Chairman
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b) | Initial notification/Amendment | Initial notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) | Name | InnovaDerma PLC
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b) | LEI | 213800WRAP6W8VDL6B38
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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
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a) | Description of the Financial instrument, type of instrument | €0.10 each ("Ordinary Shares") |
Identification code | IDP GB00BT9PTW34
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b) | Nature of the transaction | Sale of Ordinary Shares
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c) | Price(s) and volume(s) | Volume and Price - 45,000 Ordinary Shares at £1.65 Volume and Price - 250.000 Ordinary Shares at £1.49 Volume and Price - 705,000 Ordinary Shares at £1.50
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d) | Aggregated information: Aggregated volume Price |
See 4c) above
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e) | Date of the transaction | 20th and 21th September 2018
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f) | Place of the transaction | London Stock Exchange, Main Market
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