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PDMR Dealing

8 Apr 2020 16:34

RNS Number : 2676J
Oxford BioDynamics PLC
08 April 2020
Β 

8 April 2020

Β 

Oxford BioDynamics Plc

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

Β 

PDMR Dealing

Β 

Oxford BioDynamics Plc (AIM: OBD) announces that it has today received notice that Vulpes Testudo Fund, which is controlled by Non-Executive Director, Stephen Diggle, has purchased 22,002 Ordinary Shares of 1 pence each ("shares") at a price of 52.5p per share.

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Following this transaction, Vulpes Testudo Fund is interested inΒ 273,002 Ordinary Shares, representing 0.29% of the Company's current issued share capital. Through the holdings of Vulpes Life Sciences Fund and Vulpes Testudo Fund, Stephen DiggleΒ is interested in 12,083,672 shares, representing approximately 13.05% of the Company's current issued share capital.Β 

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The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details:

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1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Diggle

2

Reason for the notification

a)

Position/statusΒ 

Director/PDMR

b)

Initial notification/ AmendmentΒ 

Initial notification

3

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

a)

Name

Oxford BioDynamics PlcΒ 

b)

LEI

2138005Y1TK258O5U928

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 codeΒ 

Ordinary Shares of 1 pence each

Β 

ISIN: GB00BD5H8572

b)

Nature of the transaction

Acquisition of ordinary shares

c)

Price(s) and volume(s)

Β 

Price(s)

Volume(s)

0.525

22,002

Β 

Β 

d)

Aggregated information

- Aggregated volume

- Price

Β 

Β 

Price

Volume

0.525

22,002

Β 

Β 

e)

Date of the transaction

7 April 2020Β 

f)

Place of the transaction

Outside a trading venue

Β 

For further details please contact:

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Oxford BioDynamics Plc

Jon Burrows, CEO

Paul Stockdale, CFO

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+44 (0)1865 518910

Shore Capital

Nominated Adviser and Broker

Stephane Auton

Edward Mansfield

John More

Β 

+44 (0)20 7408 4090

FTI Consulting

Financial Public Relations Adviser

Natalie Garland-Collins

Β 

+44 (0)20 3727 1000

Β 

Notes for Editors

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About Oxford BioDynamics Plc

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Oxford BioDynamics Plc (AIM: OBD) ("Oxford BioDynamics") is a biotechnology company focused on the discovery and development of epigenetic biomarkers, based on regulatory 3D genome architecture, for use within the pharmaceutical and biotechnology industry.Β 

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The Company's award-winning, proprietary technology platform,Β EpiSwitchβ„’, offers non-invasive liquid biopsy readouts to the standards of validated predictive, prognostic and diagnostic patient stratifications, and aims to accelerate the drug discovery and development process, improve the success rate of therapeutic product development and take advantage of the increasing importance of personalised medicine.Β 

Β 

In particular,Β EpiSwitchβ„’ offers non-invasive molecular read-outs with strong links to clinical outcomes, and helps reduce time to market, failure rates and the costs at every stage of drug discovery. Additionally, the technology provides significant insights into disease mechanisms for drug discovery and product re‐positioning programmes, and enables the personalisation of therapeutics for patients in the context of challenging pricing environments where improved clinical outcomes are critical.

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In April 2019, Oxford BioDynamics received the Queen's Award for Enterprise: Innovation. The Queen's Awards for Enterprise are the most prestigious awards forΒ UKΒ businesses.

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The Company is headquartered in theΒ UKΒ and listed on the London Stock Exchange's AIM under the ticker "OBD". For more information please visitΒ www.oxfordbiodynamics.com.

Β 

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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