Last checked at 5 Oct 2017 07:00
Shield Therapeutics plc
("Shield" or the "Company")
PDMR Acquisition of Shares
London, UK, 5 October 2017. Shield Therapeutics plc (LSE:STX), a specialty pharmaceutical company focused on secondary care, announces that Carl Sterritt, Chief Executive Officer of the Company, has on 4 October 2017 exercised a call option to acquire 8,814 Ordinary Shares in the Company from Irorph GmbH for consideration of £1 per Ordinary Share. Details of the call option are set out in the Company's Admission Document. Following the transaction, Mr Sterritt holds 10,075,261 shares, representing 8.67 % of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 | Details of the person discharging managerial responsibilities/person closely associated
| |
a) | Name
| Carl Sterritt
|
2 | Reason for the notification
| |
a) | Position/status
| CEO and Director of Shield Therapeutics plc |
b) | Initial notification/ Amendment
| Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
a) | Name
| Shield Therapeutics plc |
b) | LEI
| 213800G74QWY15FC3W71 |
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 1.5p each in the capital of the Company
ISIN of Ordinary Shares: GB00BYV81293 |
b) | Nature of the transaction
| Acquisition of Ordinary Shares in accordance with the terms of a call option. |
c) | Price(s) and volume(s)
| £1 per Ordinary Share
Volumes: 8,814
|
d) | Aggregated information
-Aggregated volume
-Price
|
8,814
£8,814 |
e) | Date of the transaction
| 4 October 2017 |
f) | Place of the transaction
| Outside a trading venue |
- Ends -
For further information please contact:
Shield Therapeutics plc +44 (0)207 186 8500
Carl Sterritt, Chief Executive Officer
Karl Keegan, Chief Financial Officer
Nominated Advisor and Joint Broker +44 (0)203 100 2222
Liberum Capital Limited
Christopher Britton/Steve Pearce
Joint Broker +44 (0)207 418 8900
Peel Hunt LLP
James Steel/Dr Christopher Golden
Financial PR Advisor +44 (0)203 709 5700
Consilium Strategic Communications
Mary-Jane Elliott/Matthew Neal
US Investor Relations
Lazar Partners +1 (212) 867 1762
Fern Lazar/ David Carey
About Shield Therapeutics plc
Shield Therapeutics is a specialty pharmaceutical company focused on the commercialisation and development of late-stage, hospital-focused pharmaceuticals which address areas of unmet medical need. Our clear purpose is to help our patients become people again, by enabling them to enjoy the things that make the difference in their everyday lives. The Group has a marketed product, Feraccru®, for the treatment of iron deficiency anaemia (IDA) in adult patients with inflammatory bowel disease (IBD) which has exclusive IP rights until the mid-2030's. Shield Therapeutics, headquartered in London, is listed on LSE's AIM under the ticker STX. For more information please visit www.shieldtherapeutics.com.
About Feraccru®
Feraccru is Shield's lead product and is a novel therapy for the treatment of IDA. Feraccru received marketing authorisation across Europe in February 2016 for the treatment of IDA in adult patients with IBD and is in the early stages of commercialisation in European markets. The Group is currently completing a pivotal Phase 3 clinical trial of Feraccru in IDA patients with pre-dialysis CKD and expects to announce results of this study around the turn of the year. A positive result is expected to facilitate the filing of an NDA for Feraccru in the US as well as significantly broader commercialisation in Europe and beyond.