We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Avacta Group Plc | LSE:AVCT | London | Ordinary Share | GB00BYYW9G87 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 6.67% | 48.00 | 47.00 | 49.00 | 48.50 | 45.00 | 45.00 | 2,402,880 | 10:43:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Pharmaceutical Preparations | 10.06M | -39.19M | -0.1382 | -3.33 | 130.46M |
TIDMAVCT
RNS Number : 3868V
Avacta Group PLC
30 January 2017
30 January 2017
Avacta Group plc
("Avacta" or "the Group" or "the Company")
Director/PDMR Shareholding
Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and research reagents, announces the following changes to the equity incentives of its Chief Executive Officer, Alastair Smith and its Chief Financial Officer, Tony Gardiner.
The two Directors have waived their right to participate in the annual performance bonus awards in respect of the year ended 31 July 2017 and have instead been granted share options under the Avacta Group plc Executive Share Option Scheme.
The number of options which have been granted at 72.5p are as follows:
-- Alastair Smith - 520,550 options over Ordinary Shares -- Tony Gardiner - 306,000 options over Ordinary Shares
They will vest on the third anniversary of the grant at a level of 50% if the share price is in excess of GBP2.00 or at a level of 100% if the share price is in excess of GBP2.50 based on a 30-day average of the closing mid-market share price.
Trevor Nicholls, Avacta Group Chairman and Chairman of the Remuneration Committee said:
"As we stated in our Trading Update on 20 January the Company has made substantial progress with its Affimer technology, but that has not yet been reflected in the share price. The Board unanimously felt that it is right to strongly align the executives' rewards with those of shareholders. Therefore, the executive directors have waived their involvement in the annual performance bonus awards in favour of longer term equity driven value. This reflects the confidence we have in the future value of the Affimer technology and the team's commitment to delivering it to shareholders."
Enquiries:
Avacta Group plc Tel: +44 (0) Alastair Smith, Chief Executive 844 414 0452 Officer www.avacta.com Tony Gardiner, Chief Financial Officer finnCap Ltd Tel: +44 (0) Geoff Nash / Giles Rolls - Nominated 207 220 0500 Adviser www.finncap.com Tim Redfern / Alice Lane - Corporate Broking Tel: +44 (0) WG Partners 203 705 9318 David Wilson Tel: +44 (0) Nigel Barnes 203 705 9217 Claes Spang www.wgpartners.co.uk Media Enquiries Tel: +44 (0) FTI Consulting 203 727 1000 Simon Conway / Natalie Garland-Collins avacta@fticonsulting.com
Notes to Editors
Avacta Group plc (www.avacta.com)
Avacta's principal focus is on its proprietary Affimer(R) technology which is a novel engineered alternative to antibodies that has wide application in Life Sciences for diagnostics, therapeutics and general research and development.
Antibodies dominate markets worth in excess of $50bn despite their shortcomings. Affimer technology has been designed to address many of these negative performance issues, principally; the time taken to generate new antibodies, the reliance on an animal's immune response, poor specificity in many cases, and batch to batch variability. Affimer technology is based on a small protein that can be quickly generated to bind with high specificity and affinity to a wide range of protein targets.
Avacta has a pre-clinical biotech development programme with an in-house focus on immuno-oncology and bleeding disorders as well as partnered development programmes. Avacta is commercialising non-therapeutic Affimer reagents through licensing to developers of life sciences research tools and diagnostics.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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 Alastair Smith ------- ---------------------------- ----------------------------------------------------------------------------------------------- 2. Reason for the Notification ------- ----------------------------------------------------------------------------------------------------------------------------- a) Position/status Chief Executive Officer ------- ---------------------------- ----------------------------------------------------------------------------------------------- b) Initial Initial notification notification/Amendment ------- ---------------------------- ----------------------------------------------------------------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------- ----------------------------------------------------------------------------------------------------------------------------- a) Name Avacta 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 Ordinary shares the Financial of 10p instrument, type of instrument ------- Identification GB00BYYW9G87 code ------- ---------------------------- ----------------------------------------------------------------------------------------------- b) Nature of the Grant of share options under the Avacta Group plc Executive Share Option Scheme as transaction follows: 520,550 options over Ordinary shares of 10p each The share options will vest: - 50% if the share price on the third anniversary of the grant is in excess of GBP2 per share; - 50% if the share price on the third anniversary of the grant is in excess of GBP2.50 per share and are exercisable upon payment of 72.5p per share. ------- ---------------------------- ----------------------------------------------------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---------------- -------------- 72.5 pence 520,550 ---------------- -------------- ------- ---------------------------- ----------------------------------------------------------------------------------------------- d) Aggregated information: * Aggregated volume See above * Price ------- ---------------------------- ----------------------------------------------------------------------------------------------- e) Date of the transaction 27 January 2017 ------- ---------------------------- ----------------------------------------------------------------------------------------------- f) Place of the Outside a trading venue transaction ------- ---------------------------- ----------------------------------------------------------------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated ------- ----------------------------------------------------------------------------------------------------------------------------- a) Name Tony Gardiner ------- ---------------------------- ----------------------------------------------------------------------------------------------- 2. Reason for the Notification ------- ----------------------------------------------------------------------------------------------------------------------------- a) Position/status Chief Financial Officer ------- ---------------------------- ----------------------------------------------------------------------------------------------- b) Initial Initial notification notification/Amendment ------- ---------------------------- -----------------------------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ------- ----------------------------------------------------------------------------------------------------------------------------- a) Name Avacta 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 Ordinary shares the Financial of 10p instrument, type of instrument ------- Identification GB00BYYW9G87 code ------- ---------------------------- ----------------------------------------------------------------------------------------------- b) Nature of the Grant of share options under the Avacta Group plc Executive Share Option Scheme as transaction follows: 306,000 options over Ordinary shares of 10p each The share options will vest: - 50% if the share price on the third anniversary of the grant is in excess of GBP2 per share; - 50% if the share price on the third anniversary of the grant is in excess of GBP2.50 per share and are exercisable upon payment of 72.5p per share. ------- ---------------------------- ----------------------------------------------------------------------------------------------- c) Price(s) and Price(s) Volume(s) volume(s) ---------------- -------------- 72.5 pence 306,000 ---------------- -------------- ------- ---------------------------- ----------------------------------------------------------------------------------------------- d) Aggregated information: * Aggregated volume See above * Price ------- ---------------------------- ----------------------------------------------------------------------------------------------- e) Date of the transaction 27 January 2017 ------- ---------------------------- ----------------------------------------------------------------------------------------------- f) Place of the Outside a trading venue transaction ------- ---------------------------- -----------------------------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKODKFBKDQDB
(END) Dow Jones Newswires
January 30, 2017 02:01 ET (07:01 GMT)
1 Year Avacta Chart |
1 Month Avacta Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions