08:00 Tue 20 Oct 2020
Sareum Holdings PLC - Exercise of Share Options and Director Dealings
Sareum Holdings PLC
("Sareum" or the "Company")
Exercise of Share Options and Director Dealings
On
The Options were granted on
Following the exercise of the Options, on
Accordingly, following Admission (as defined below) and completion of the Share Sale,
The Board, upon the recommendation of the Remuneration Committee, approved a window to trade thus enabling
Application has been made to the London Stock Exchange for the 12,307,692 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at
Following Admission, the total number of Ordinary Shares in issue will be 3,267,722,796 and the total number of voting rights will therefore be 3,267,722,796. This figure may be used by shareholders 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
Following the Option exercise and Share Sale,
Director/ |
Date of transaction |
Number of shares purchased via Option exercise |
Purchase price |
Number of shares sold |
Sale price |
Total shares held |
Percentage of issued share capital |
|
|
6,153,846 |
0.26p |
3,076,923 |
1.141p |
50,476,073 |
1.54% |
John Reader (2) |
|
6,153,846 |
0.26p |
3,076,923 |
1.141p |
51,625,385 |
1.58% |
(1) - Included within
(2) - Included withing John Reader's total holding are 3,333,791 Ordinary Shares held by his spouse.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
|
||||
2. |
Reason for the Notification |
|||||
a) |
Position/status |
Chief Executive Officer |
||||
b) |
Initial notification/amendment |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
SAREUM HOLDINGS PLC |
||||
b) |
LEI |
213800PKERN2DY8FFM72 |
||||
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 |
Ordinary shares of 0.025p each in the share capital of Sareum Holdings plc |
||||
Identification code |
ISIN for Ordinary Shares: GB00B02RFS12 |
|||||
b) |
Nature of the Transaction |
(a) Exercise of Options to acquire ordinary shares (b) Sale of ordinary shares |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
- 3,076,923 ordinary shares acquired - 0.26p |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
London Stock Exchange (AIM) |
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
a) |
Name |
John Reader |
||||
2. |
Reason for the Notification |
|||||
a) |
Position/status |
Chief Scientific Officer |
||||
b) |
Initial notification/amendment |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
a) |
Name |
SAREUM HOLDINGS PLC |
||||
b) |
LEI |
213800PKERN2DY8FFM72 |
||||
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 |
Ordinary shares of 0.025p each in the share capital of Sareum Holdings plc |
||||
Identification code |
ISIN for Ordinary Shares: GB00B02RFS12 |
|||||
b) |
Nature of the Transaction |
(a) Exercise of Options to acquire ordinary shares (b) Sale of ordinary shares |
||||
c) |
Price(s) and volume(s) |
|
||||
d) |
Aggregated information - Aggregated volume - Price |
- 3,076,923 ordinary shares acquired - 0.26p |
||||
e) |
Date of the transaction |
|
||||
f) |
Place of the transaction |
London Stock Exchange (AIM) |
For further information, please contact:
Sareum Holdings plc
Strand Hanson Limited (Nominated Adviser)
James Dance / Richard Tulloch 020 7409 3494
Hybridan LLP (Nominated Broker)
Claire Noyce / John Beresford-Peirse 020 3764 2341
Citigate Dewe Rogerson (Financial PR)
Mark Swallow/ David Dible 020 7638 9571
About Sareum
Sareum is a specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases. The Company aims to generate value through licensing its candidates to international pharmaceutical and biotechnology companies at the preclinical or early clinical trials stage.
Sareum is advancing internal programmes focused on distinct dual tyrosine kinase 2 (TYK2) / Janus kinase 1 (JAK1) inhibitors through preclinical development as therapies for autoimmune diseases, including the "cytokine storm" immune system overreaction to Covid-19 and other viral infections, (SDC-1801) and cancer immunotherapy (SDC-1802).
The Company's preclinical FLT3+Aurora inhibitor programme targeting haematological cancers is licensed to a China-based specialty pharma company.
Sareum also has an economic interest in SRA737, a clinical-stage oral, selective Checkpoint kinase 1 (Chk1) inhibitor that targets cancer cell replication and DNA damage repair mechanisms. Preliminary Phase 2 and comprehensive preclinical data suggest SRA737 may have broad application in combination with other oncology and immune-oncology drugs in genetically defined patients.
SRA737 was discovered and initially developed by scientists at The Institute of Cancer Research in collaboration with Sareum, and with funding from Sareum and Cancer Research UK. SRA737 was licensed by CRT Pioneer Fund (CPF) to Sierra Oncology Inc. Sierra is currently exploring options to obtain the funding or support necessary to advance the future development of SRA737.
Sareum Holdings plc is listed on the AIM market of the London Stock Exchange, trading under the ticker SAR. For further information, please visit the Company's website at www.sareum.com.
- Ends -
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE