e-Therapeutics plc Director/PDMR Shareholding (2538T)

TIDMETX

RNS Number : 2538T

e-Therapeutics plc

04 January 2017

e-Therapeutics plc

('e-Therapeutics' or 'the Company')

Directors' Dealings and Issue of Equity

Oxford and Newcastle, UK, 4 January 2017 - e-Therapeutics plc (AIM: ETX) the drug discovery company, announces that on 3 January 2017 Professor Trevor Jones (Non-Executive Director) subscribed for a total of 36,917 new ordinary shares of 0.1p each in the Company (the "New Ordinary Shares") at a price of 7.45 pence per share. The subscription monies paid for the New Ordinary Shares represent 50% of Professor Jones' Non-Executive Director fees net of tax paid during the period from 1 October 2016 to 31 December 2016.

Application has been made to AIM for the admission of the New Ordinary Shares to trading on AIM ("Admission") and Admission is expected to occur on 10 January 2017. The New Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue.

Following Admission, Professor Jones will be interested in a total of 107,497 ordinary shares of 0.1p in the Company, representing approximately 0.04% of the Company's issued share capital.

Following Admission the total number of ordinary shares in the Company with voting rights in issue will be 268,426,042. 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Company previously announced that on 5 October 2016 Professor Jones entered into a binding contractual arrangement with the Company under which he agreed, with effect from

1 October 2016, to invest 50% of his annual Non-Executive Director fees net of tax in new

e-Therapeutics' ordinary shares.

The new shares will be issued to Professor Jones on the first business day after 31 December and 30 June in each year. The subscription price to be paid will be the average of the closing mid-market price for the five business days prior to the date of issue. The terms pursuant to which Professor Jones will purchase the shares are fixed and he has irrevocably committed to such terms.

 
   1     Details of the person discharging 
           managerial responsibilities/person 
           closely associated 
   ----  ------------------------------------------------- 
    a)    Name                    Trevor Jones 
   ----  ----------------------  ------------------------- 
    2     Reason for the notification 
   ----  ------------------------------------------------- 
    a)    Position/status         Director 
   ----  ----------------------  ------------------------- 
    b)    Initial                 Initial Notification 
           notification 
           /Amendment 
   ----  ----------------------  ------------------------- 
    3     Details of the issuer, emission allowance 
           market participant, auction platform, 
           auctioneer or auction monitor 
   ----  ------------------------------------------------- 
    a)    Name                    e-Therapeutics plc 
   ----  ----------------------  ------------------------- 
    b)    Legal Entity            N/A 
           Identifier 
   ----  ----------------------  ------------------------- 
    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             Ordinary shares of 0.1 
           of the financial        pence each 
           instrument, 
           type of 
           instrument 
 
           Identification          GB00B2823H99 
           code 
   ----  ----------------------  ------------------------- 
    b)    Nature of               Purchase of new shares 
           the transaction 
   ----  ----------------------  ------------------------- 
    c)    Currency                GBP 
   ----  ----------------------  ------------------------- 
    d)    Price(s)                Price(s)     Volume(s) 
           and volume(s) 
   ----  ----------------------  -----------  ------------ 
                                  7.45p        36,917 
    ---------------------------  -----------  ------------ 
 
    e)    Aggregated 
           information 
      - Aggregated 
       volume 
      - Price                     36,917 
      - Aggregated                 7.45 pence 
       total 
                                   GBP2,750.32 
    ---------------------------  ------------------------- 
    f)    Date of                 3 January 2017 
           the transaction 
   ----  ----------------------  ------------------------- 
    g)    Place of                London Stock Exchange 
           the transaction 
   ----  ----------------------  ------------------------- 
 
 

-Ends-

Contacts:

 
 e-Therapeutics plc                 Tel: [phone] 
  Iain Ross, Chairman                883 125 
  Steve Medlicott, Finance           www.etherapeutics.co.uk 
  Director 
 Numis Securities Limited           Tel: +44 (0) 207 
  Michael Meade / Freddie            260 1000 
  Barnfield                          www.numis.com 
  (Corporate Finance) 
  James Black (Corporate Broking) 
 Instinctif Partners                Tel: +44 (0) 207 
  Melanie Toyne Sewell / Jayne       457 2020 
  Crook                              Email: [e-mail] 
 

About e-Therapeutics plc

e-Therapeutics (AIM: ETX) is a drug discovery company with a proprietary discovery platform based on advances in network pharmacology and chemical biology. The Company is applying its platform to the discovery of new drug candidates. The therapeutic focus of the Company's activity is in immuno-oncology, addressing drug resistance in targeted cancer therapies and anti-infectives. The platform is highly productive, yielding multiple potent and selective molecules at a much higher rate and more quickly than is reported for conventional drug discovery.

e-Therapeutics has a variety of preclinical stage assets, including ETS2300, telomerase inhibition in anti-cancer; ETS3100, small molecule anti-TNF<ALPHA>; ETS2400, Hedgehog pathway inhibition and ETS5200, broad spectrum antivirals.

The Company is fully funded to advance its drug discovery programmes. It is based in Oxford and Newcastle, UK. For more information, visit www.etherapeutics.co.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 04, 2017 02:00 ET (07:00 GMT)