Last checked at 12 Apr 2019 14:36
12 April 2019 | AIM: RENE |
ReNeuron Group plc
Exercise of Share Options and Director's Dealings
Total Voting Rights
ReNeuron Group plc (the "Company") (AIM: RENE), a UK-based global leader in the development of cell-based therapeutics, announces that it has received notices to exercise options from certain employees and a PDMR of the Company to subscribe for a total of 12,478 new ordinary shares of 1 pence in the Company. The exercise price of the options is £1.00 per share.
On 12 April 2019, Michael Hunt, Chief Financial Officer, exercised options over 3,478 ordinary shares of 1p each in the Company at an exercise price of £1.00 per share. In order to achieve a cashless exercise and pay the relevant taxes, on 12 April 2019 Mr Hunt sold 988 shares at a share price of £2.47 and therefore retains 2,490 shares.
As a result of the exercise and share transaction, Mr Hunt's interest in ordinary shares has increased to 30,036 ordinary shares, representing approximately 0.095% of the Company's issued share capital.
Total voting rights
Following the issue of 12,478 ordinary shares pursuant to the exercise of options described above and exercised through its existing blocklisting arrangements, the Company has 31,658,664 ordinary shares in issue, all with voting rights. The Company holds no ordinary shares in treasury. The above figure of 31,658,664 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.
ENDS
ENQUIRIES:
ReNeuron | +44 (0)20 3819 8400 |
Olav Hellebø, Chief Executive Officer | |
Michael Hunt, Chief Financial Officer
| |
Buchanan | +44 (0) 20 7466 5000 |
Mark Court, Sophie Wills, Tilly Abraham
| |
Stifel Nicolaus Europe Limited | +44 (0) 20 7710 7600 |
Jonathan Senior, Stewart Wallace, Ben Maddison (NOMAD and Joint Broker)
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Nplus1 Singer Advisory LLP | +44 (0) 20 7496 3000 |
Aubrey Powell, Mark Taylor (Joint Broker) |
About ReNeuron
ReNeuron is a global leader in cell-based therapeutics, harnessing its unique stem cell technologies to develop 'off the shelf' stem cell treatments, without the need for immunosuppressive drugs. The Company's lead clinical-stage candidates are in development for disability as a result of stroke and for the blindness-causing disease, retinitis pigmentosa. ReNeuron is also advancing its proprietary exosome technology platform as a potential delivery system for drugs that would otherwise be unable to reach their site of action. ReNeuron's shares are traded on the London AIM market under the symbol RENE.L. For further information visit www.reneuron.com.
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation and provide further detail.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Hunt | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ReNeuron Group plc | ||||
b) | LEI | N/A | ||||
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 0.01p
RENE - GB00B0DZML60 | ||||
b) | Nature of the transaction | Exercise of options over ordinary shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A | ||||
e) | Date of the transaction | 12 April 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Hunt | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ReNeuron Group plc | ||||
b) | LEI | N/A | ||||
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 0.01p
RENE - GB00B0DZML60 | ||||
b) | Nature of the transaction | Sale of ordinary shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A | ||||
e) | Date of the transaction | 12 April 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market | ||||