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Director/PDMR Shareholding

29 Nov 2024 11:40

RNS Number : 2186O
Oxford BioDynamics PLC
29 November 2024
ย 

Oxford BioDynamics ("OBD" or the "Company" and, together with its subsidiaries, the "Group")

Issue of shares in lieu of salary,

Director / PDMR shareholdings &

Total voting rights

Oxford, UKย - 29 November 2024ย -ย Oxford BioDynamics, Plc (AIM: OBD, the Company), a precision clinical diagnostics company bringing specific and sensitive tests to the practice of medicine based on OBD's EpiSwitchยฎ 3D genomics platform, announces the issue of 2,435,178 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 1.25 per share (the "New Ordinary Shares") to its directors, PDMRs and certain other senior staff members to satisfy part of their salaries and fees, in line with the Company's ongoing strategy to preserve its cash resources as announced on 14 October 2024. The issue price is equal to the closing market price of the Company's Ordinary Shares on 27 November 2024, being the last practicable date prior to the issue of the New Ordinary Shares.

The New Ordinary Shares being issued have been allocated to the following directors and PDMRs:

ย 

Director / PDMR

Position

Number of New Ordinary Shares issued

Resultant shareholding in the Company

% of the issued share capital of the Company

Dr Jon Burrows

Chief Executive Officer

524,604

2,106,174

0.67%

Dr Alexandre Akoulitchev

Chief Scientific Officer

202,034

7,332,712

2.32%

Paul Stockdale

Chief Financial Officer

187,041

865,372

0.27%

Matthew Wakefield

Non-Executive Chairman

102,043

1,500,665

0.47%

Dr David Holbrook

Non-Executive Director

51,640

101,293

0.03%

Thomas Guiel

Chief Operating Officer

218,370

1,026,803

0.32%

Dr Ewan Hunter

Chief Data Officer

171,353

528,034

0.17%

ย 

Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur at 8.00 a.m. on or around 5 December 2024. The New Ordinary Shares have been issued as fully paid and rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company's issued share capital will consist of 316,576,569 Ordinary Shares. There are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares in issue and voting rights will be 316,576,569 and this figure may be used by Shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details of the PDMR dealings are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

-Ends-

For more information:

Oxford BioDynamics Plc

Jon Burrows, CEO

Paul Stockdale, CFO

ย 

+44 (0)1865 518910

Shore Capital(Nominated Adviser and Broker to OBD)

Stephane Auton

Lucy Bowden

ย 

+44 (0)20 7408 4090

WG Partners

(Joint Broker to OBD)

David Wilson / Claes Spรฅng /Satheesh Nadarajah / Erland Sternby

ย 

+44 (0)20 3705 9330

Vigo Consulting (Media / Analyst enquiries for OBD) Rozi Morris

ย 

+44 (0)20 7390 0230

obd@vigoconsulting.com

ย 

ย 

Notes for Editors

About Oxford BioDynamics Plc

Oxford BioDynamics Plc (AIM: OBD) is an international biotechnology company, advancing personalized healthcare by developing and commercializing precision clinical diagnostic tests for life-changing diseases.

Currently OBD has two commercially available products: the EpiSwitchยฎ PSE (EpiSwitch Prostate Screening test) and EpiSwitchยฎ CiRT (Checkpoint Inhibitor Response Test) blood tests. PSE boosts the predictive accuracy of a PSA test from 55% to 94% when testing the presence or absence of prostate cancer. CiRT is a highly accurate (85%) predictive response test to immuno-oncology checkpoint inhibitor treatments.

The tests are based on OBD's proprietary 3D genomic biomarker platform, EpiSwitchยฎ which enables screening, evaluation, validation and monitoring of biomarkers to diagnose patients or determine how individuals might respond to a disease or treatment.

OBD's clinical smart tests have the potential to be used across a broader range of indications, and new tests are being developed in the areas of oncology, neurology, inflammation, hepatology and animal health.

The Group's headquarters and UK laboratories are in Oxford, UK. Its US operations and clinical laboratory are in Maryland, USA, along with a reference laboratory in Penang, Malaysia.

OBD is listed on the London Stock Exchange's AIM (LSE: OBD). For more information, please visit the Company's website, www.oxfordbiodynamics.com, X (@OxBioDynamics) or LinkedIn.

The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1

ย 

Details of the person discharging managerial responsibilities / person closely associated

ย 

a)

ย 

Name

ย 

1) Dr Jon Burrows

2) Dr Alexandre Akoulitchev

3) Paul Stockdale

4) Matthew Wakefield

5) Dr David Holbrook

6) Thomas Guiel

7) Dr Ewan Hunter

ย 

2

ย 

Reason for the notification

ย 

a)

ย 

Position/status

ย 

1) Chief Executive Officer, Director

2) Chief Scientific Officer, Director

3) Chief Financial Officer, Director

4) Non-Executive Director

5) Non-Executive Director

6) Chief Operating Officer, PDMR

7) Chief Data Officer, PDMR

b)

ย 

Initial notification /Amendment

ย 

Initial notification

3

ย 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

ย 

a)

ย 

Name

ย 

Oxford Biodynamics plc

b)

ย 

LEI

ย 

2138005Y1TK258O5U928

4

ย 

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

ย 

a)

ย 

Description of the financial instrument, type of instrument

ย 

Identification code

ย 

Ordinary Shares

ย 

ISIN: GB00BD5H8572

b)

ย 

Nature of the transaction

ย 

ย 

Issue of New Ordinary Shares in lieu of salary

c)

ย 

Price(s) and volume(s)

Price(s)

Volume(s)

1)

1.25p

492,682

2)

1.25p

194,263

3)

1.25p

179,847

4)

1.25p

98,118

5)

1.25p

49,653

6)

1.25p

184,545

7)

1.25p

164,763

d)

ย 

Aggregated information

ย 

- Aggregated volume

ย 

- Price

ย 

ย 

N/A - single transactions

e)

ย 

Date of the transaction

ย 

28 November 2024

f)

Place of the transaction

London Stock Exchange (XLON)

ย 

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ย 
END
ย 
ย 
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