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Director/PDMR Shareholding

22 Sep 2017 07:00

RNS Number : 4981R
ABCAM Plc
22 September 2017

For immediate release

22 September 2017

ABCAM PLC

("Abcam" or the "Company")

Director/PDMR Shareholding Notification

Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the supply of life science research tools, was notified on 21 September 2017 that on the dates below Dr Jonathan Milner, a Non-Executive Director of the Company and persons closely associated with Dr Milner, namely Dr Milner's wife (Roza Gounaris-Milner), The Dr J S Milner Accumulation and Maintenance Trust and The Evolution Education Trust, each of which Dr Milner is a trustee, and three companies (Avocet 66 Limited, Peregrine 66 Limited and Suntail 66 Limited) of which Dr Milner is a shareholder and a director, carried out the following transactions in Abcam's shares:

19 September 2017:

The exercise of 17,243 options by Dr Milner over 17,243 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") at an exercise price of 0.2 pence per share;

A transfer by Dr Milner of 95,057 Ordinary Shares for nil consideration to The Evolution Education Trust of which he is a trustee;

A transfer by Dr Milner of 17,243 Ordinary Shares for nil consideration to his wife (Roza Gounaris-Milner);

21 September 2017:

A sale, in aggregate, of 567,033 Ordinary Shares held by The Dr J S Milner Accumulation and Maintenance Trust, of which Dr Milner is a trustee, at a price of 拢10.168 per Ordinary Share;

A sale, in aggregate, of 1,982,967 Ordinary Shares held by The Dr J S Milner Accumulation and Maintenance Trust, of which Dr Milner is a trustee, at a price of 拢10.168 per Ordinary Share to the following companies (in which both Dr Milner and The Dr J S Milner Accumulation and Maintenance Trust are shareholders and of which Dr Milner is a director), in consideration for the issue by those companies of further shares to The Dr J S Milner Accumulation and Maintenance Trust:

o 660,989 Ordinary Shares to Avocet 66 Limited;

o 660,989 Ordinary Shares to Peregrine 66 Limited; and

o 660,989 Ordinary Shares to Suntail 66 Limited;

A sale, in aggregate, of 500,000 Ordinary Shares held by Dr Milner's wife (Roza Gounaris-Milner) at a price of 拢10.168 per Ordinary Share; and

A sale, in aggregate, of 57,034 Ordinary Shares held by The Evolution Education Trust at a price of 拢10.168 per Ordinary Share.

These transactions are for tax and estate planning. Dr Milner remains fully committed to the Company as an active member of the Abcam Board in his role as Deputy Chairman.

As a result of the transactions described above, Dr Milner's total direct and indirect interest in the Company has decreased by 1,124,067 Ordinary Shares (including transfer of the 17,243 Ordinary Shares resulting from the exercise of the share options referred to above) to a total of 20,888,110 Ordinary Shares, representing approximately 10.21% of the Company's issued share capital and he holds 17,243 fewer options over Ordinary Shares.

Dr Milner's remaining direct and indirect interest in the Company is subject to a 12 month lock-up on customary terms.

The notifications for Dr Milner and the persons closely associated with him can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

##Ends##

For further information, please contact:

Abcam

Suzanne Smith, Company Secretary

+ 44 (0) 1223 696 000

J.P. Morgan Cazenove - Nominated Advisor & Corporate Broker

James Mitford / Candelle Chong

+ 44 (0) 20 7742 4000

FTI Consulting

Ben Atwell / Brett Pollard / Natalie Garland-Collins

+聽44 (0) 20 3727 1000

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr J S Milner

2

Reason for the notification

a)

Position/status

Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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 0.2 pence each

GB00B6774699

b)

Nature of the transaction

Exercise of share options at an exercise price of 拢0.002 per share.

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢0.002

17,243

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

17,243

拢0.002

拢34.486

f)

Date of the transaction

19 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr J S Milner

2

Reason for the notification

a)

Position/status

Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal to the Evolution Education Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

95,057

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

95,057

Nil

Nil

f)

Date of the transaction

19 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Evolution Education Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal from Dr J S Milner

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

95,057

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

95,057

Nil

Nil

f)

Date of the transaction

19 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr J S Milner

2

Reason for the notification

a)

Position/status

Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal to Roza Gounaris-Milner

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

17,243

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

17,243

Nil

Nil

f)

Date of the transaction

19 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Roza Gounaris-Milner

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Acquisition from Dr J S Milner

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

17,243

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

17,243

Nil

Nil

f)

Date of the transaction

19 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Dr J S Milner Accumulation and Maintenance Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal by the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

567,033

e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

567,033

拢10.168

拢5,765,591.54

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Dr J S Milner Accumulation and Maintenance Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal by the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

1,982,967

e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

1,982,967

拢10.168

拢20,162,808.45

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Avocet 66 Limited

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Acquisition from the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

660,989

e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

660,989

拢10.168

拢6,720,936.15

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Peregrine 66 Limited

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Acquisition from the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

660,989

e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

660,989

拢10.168

拢6,720,936.15

f)

Date of the transaction

聽21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Suntail 66 Limited

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Acquisition from the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

660,989

e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

660,989

拢10.168

拢6,720,936.15

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Roza Gounaris-Milner

2

Reason for the notification

a)

Position/status

Wife of Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

500,000

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

500,000

拢10.168

拢5,084,000

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Education Evolution Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

Abcam plc

b)

Legal Entity Identifier

213800B9N83DSNT33F79

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

GB00B6774699

b)

Nature of the transaction

Disposal by the Evolution Education Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

拢10.168

57,034

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

57,034

拢10.168

拢579,921.71

f)

Date of the transaction

21 September 2017

g)

Place of the transaction

London Stock Exchange

This information is provided by RNS
The company news service from the London Stock Exchange
END
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