C4X Discovery Holdings PLC PDMR Shareholdings (9833P)

TIDMC4XD

RNS Number : 9833P

C4X Discovery Holdings PLC

06 September 2017

This announcement contains inside information

C4X Discovery Holdings plc

("C4XD", "C4X Discovery" or the "Company")

PDMR Shareholdings

06 September 2017 - C4X Discovery Holdings plc (AIM: C4XD), a pioneering drug discovery company, announces that Dr Clive Dix, Chief Executive Officer, has today purchased 128,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), of which 30,000 Ordinary Shares were purchased at a price of 75.0 pence per Ordinary Share and 98,000 Ordinary Shares were purchased at a price of 77.5 pence per Ordinary Share (the "Dealing"). Following the Dealing, Dr Clive Dix holds 1,324,936 Ordinary Shares, which represents an interest in 2.85% of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and/or persons closely associated with them:

 
 1     Details of the person discharging managerial responsibilities/person closely associated 
----  -------------------------------------------------------------------------------------------------------- 
 a)    Name                                                          Dr Clive Dix 
----  ------------------------------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
----  -------------------------------------------------------------------------------------------------------- 
                                                                     Chief Executive Officer, Director 
  a)    Position/status 
----  ------------------------------------------------------------  ------------------------------------------ 
 b)    Initial notification/Amendment                                Initial Notification 
----  ------------------------------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, auction platform, auctioneer 
        or auction monitor 
----  -------------------------------------------------------------------------------------------------------- 
 a)    Name                                                          C4X Discovery Holdings 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   1p ordinary shares 
 
        Identification code 
                                                                      ISIN GB00BQQ2RV18 
----  ------------------------------------------------------------  ------------------------------------------ 
 b)    Nature of the transaction                                     Purchase of Ordinary Shares 
----  ------------------------------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s)                                         Price(s) per Ordinary Share   Volume(s) 
                                                                      ----------------------------  ---------- 
                                                                       75.0p                         30,000 
                                                                       77.5p                         98,000 
                                                                      ----------------------------  ---------- 
----  ------------------------------------------------------------  ------------------------------------------ 
 d)    Aggregated information                                         Price        Volume(s) 
                                                                      -----------  ---------- 
                                                                       GBP98,450    128,000 
                                                                      -----------  ---------- 
----  ------------------------------------------------------------  ------------------------------------------ 
 e)    Date of the transaction                                       6 September 2017 
----  ------------------------------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                                      London Stock Exchange - AIM 
----  ------------------------------------------------------------  ------------------------------------------ 
 

Name of authorised official of issuer responsible for making notification: Brad Hoy, Chief Financial Officer of the Company.

--ENDS-

For further information, please contact:

C4X Discovery Holdings plc

Clive Dix, Chief Executive Officer 07801 865 803

Panmure Gordon (UK) Limited (NOMAD and Broker) 020 7886 2500

Freddy Crossley, Duncan Monteith (Corporate Finance)

Tom Salvesen (Corporate Broking)

Consilium Strategic Communications

Mary-Jane Elliott, Matthew Neal, Melissa Gardiner 0203 709 5700

About C4X Discovery

C4X Discovery aims to become the world's most productive drug discovery engine by exploiting cutting edge technologies to design and create best-in-class small-molecule candidates targeting a range of high value therapeutic areas. The company's goal is to drive returns through early-stage revenue-generating deals with the pharmaceutical industry.

C4X Discovery has a state-of-the-art suite of proprietary technologies across the drug discovery process. The company's innovative DNA-based target identification platform (Taxonomy3(R)) utilises human genetic datasets to identify novel patient-specific targets leading to greater discovery productivity and increased probability of clinical success. This is complemented by C4XD's novel drug design platform which comprises two innovative chemistry technologies, Conformetrix and Molplex, that combine 4D molecular shape analyses (based on experimental data) with best-in-class computational chemistry. This provides new and unprecedented insight into the behaviour of drug molecules, enabling the production of potent selective compounds faster and more cost effectively than the industry standard.

C4X Discovery is advancing its in-house pipeline in addiction, diabetes and inflammation with a number of new drug candidates identified and further progress made towards the clinic. In selecting new targets C4X Discovery will focus on the high-value disease areas of inflammation and neurodegeneration, and will continue to maximise value from opportunistic areas, for example, immuno-oncology, addiction, and diabetes.

The Company was founded as a spin-out from the University of Manchester. It has a highly experienced management team and Board who have delivered significant value creation within the healthcare sector historically and have enabled C4XD to reach multiple value inflexion points since IPO. For additional information please go to: www.c4xdiscovery.com

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

September 06, 2017 06:51 ET (10:51 GMT)