Share Name Share Symbol Market Type Share ISIN Share Description
Aqua Bty Di LSE:ABTU London Ordinary Share COM SHS USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 662.50p 0.00p 0.00p - - - 0 06:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 0.0 -8.5 -160.0 - 58.93

Aqua Bounty Technologies, Inc. Issuance of Common Shares and Options

24/04/2017 7:01am

UK Regulatory (RNS & others)


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RNS Number : 0570D

Aqua Bounty Technologies, Inc.

24 April 2017

24 April 2017

AquaBounty Technologies, Inc.

("AquaBounty" or "the Company")

Issuance of Common Shares and Options

AquaBounty Technologies, Inc. (NASDAQ: AQB; AIM: ABTU), a biotechnology company focused on enhancing productivity in the aquaculture market and a majority-owned subsidiary of Intrexon Corporation (NYSE: XON), announces that, on 21 April 2017, it issued new common shares of 0.1 cents each ("Common Shares") and options to purchase new Common Shares to its independent directors in connection with their service agreements with the Company.

A total of 1,751 new Common Shares were issued to Richard Clothier, Chairman of the Board of Directors, at an effective price of $14.20 (GBP11.18) each, representing the closing price of the Company's Common Shares on NASDAQ on 27 February 2017. Under the terms of his service agreement with the Company, Mr. Clothier receives 67% of his compensation in the form of cash payments and 33% in the form of Common Shares. The Common Shares issued to Mr. Clothier represent his stock compensation for services provided and to be provided for the year ending 31 December 2017. Trading in the new Common Shares, which will rank pari passu in all respects with the existing Common Shares, is expected to commence on 27 April 2017. Following this, Mr. Clothier will hold 38,750 Common Shares, representing 0.4% of the enlarged issued share capital of the Company.

Under the terms of their service agreements with the Company, the other independent directors each receive an annual grant of options over 2,500 new Common Shares. Directors receiving this option grant are Richard Huber, Christine St.Clare, and James Turk - resulting in the issuance of a total of 7,500 options. The options have a 10-year term, become vested in February 2018, and are exercisable at $14.20 per Common Share.

The Company also announces that pursuant to the exercise of options under its 2006 Equity Incentive Plan, it will issue 8,334 Common Shares to a senior executive. Trading in the new Common Shares, which will rank pari passu in all respects with the existing Common Shares, is expected to commence on 27 April 2017.

Following the admission of the new Common Shares to trading, the Company will have 8,895,094 Common Shares in issue. This share number also represents the Company's total voting rights.

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

For further information, please contact:

   AquaBounty Technologies, Inc.                                 +1 978 648 6000 

David Frank, Chief Financial Officer

   Stifel Nicolaus Europe Ltd                                         +44 (0)20 7710 7600 

Stewart Wallace

   Luther Pendragon Ltd                                                +44 (0)20 7618 9100 

Harry Chathli, Claire Norbury

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                      Richard Clothier 
---  ------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status           Chairman - classified as PDMR 
                                 of the Company 
---  ------------------------  ---------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                      AquaBounty Technologies, Inc. 
---  ------------------------  ---------------------------------- 
 b)   LEI                       549300TOJ0S836KCH094 
---  ------------------------  ---------------------------------- 
 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            New common shares of 0.1 cents 
       the financial             each in the Company 
       instrument, type          ISIN: US03842K2006 
       of instrument 
       Identification 
       code 
---  ------------------------  ---------------------------------- 
 b)   Nature of the             Issue of new Common Shares (under 
       transaction               a share incentive award) at 
                                 an effective price of $14.20 
                                 (GBP11.18) per Common Share 
---  ------------------------  ---------------------------------- 
 c)   Price(s) and              Price - n/a 
       volume(s)                 Volume: 1,751 
---  ------------------------  ---------------------------------- 
 d)   Aggregated information    Aggregated price - n/a 
                                 Aggregated volume: 1,751 
---  ------------------------  ---------------------------------- 
 e)   Date of the transaction   21 April 2017 
---  ------------------------  ---------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      Richard Huber 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           Non-executive Director - classified 
                                 as PDMR of the Company 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                      AquaBounty Technologies, Inc. 
---  ------------------------  ------------------------------------ 
 b)   LEI                       549300TOJ0S836KCH094 
---  ------------------------  ------------------------------------ 
 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            New common shares of 0.1 cents 
       the financial             each in the Company 
       instrument, type          ISIN: US03842K2006 
       of instrument 
       Identification 
       code 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Grant of options under share 
       transaction               incentive award 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and              Price- n/a 
       volume(s)                 Volume: 2,500 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information    Aggregated price - n/a 
                                 Aggregated volume: 2,500 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   21 April 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      Christine St.Clare 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           Non-executive Director - classified 
                                 as PDMR of the Company 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                      AquaBounty Technologies, Inc. 
---  ------------------------  ------------------------------------ 
 b)   LEI                       549300TOJ0S836KCH094 
---  ------------------------  ------------------------------------ 
 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            New common shares of 0.1 cents 
       the financial             each in the Company 
       instrument, type          ISIN: US03842K2006 
       of instrument 
       Identification 
       code 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Grant of options under share 
       transaction               incentive award 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and              Price- n/a 
       volume(s)                 Volume: 2,500 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information    Aggregated price - n/a 
                                 Aggregated volume: 2,500 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   21 April 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
 a)   Name                      James Turk 
---  ------------------------  ------------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------------- 
 a)   Position/status           Non-executive Director - classified 
                                 as PDMR of the Company 
---  ------------------------  ------------------------------------ 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                      AquaBounty Technologies, Inc. 
---  ------------------------  ------------------------------------ 
 b)   LEI                       549300TOJ0S836KCH094 
---  ------------------------  ------------------------------------ 
 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            New common shares of 0.1 cents 
       the financial             each in the Company 
       instrument, type          ISIN: US03842K2006 
       of instrument 
       Identification 
       code 
---  ------------------------  ------------------------------------ 
 b)   Nature of the             Grant of options under share 
       transaction               incentive award 
---  ------------------------  ------------------------------------ 
 c)   Price(s) and              Price- n/a 
       volume(s)                 Volume: 2,500 
---  ------------------------  ------------------------------------ 
 d)   Aggregated information    Aggregated price - n/a 
                                 Aggregated volume: 2,500 
---  ------------------------  ------------------------------------ 
 e)   Date of the transaction   21 April 2017 
---  ------------------------  ------------------------------------ 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                      Henry Clifford 
---  ------------------------  ------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status           Vice president of Marketing 
                                 - classified as PDMR of the 
                                 Company 
---  ------------------------  ------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment 
---  ------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                      AquaBounty Technologies, Inc. 
---  ------------------------  ------------------------------- 
 b)   LEI                       549300TOJ0S836KCH094 
---  ------------------------  ------------------------------- 
 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            New common shares of 0.1 cents 
       the financial             each in the Company 
       instrument, type          ISIN: US03842K2006 
       of instrument 
       Identification 
       code 
---  ------------------------  ------------------------------- 
 b)   Nature of the             Exercise of options granted 
       transaction               under share incentive award 
---  ------------------------  ------------------------------- 
 c)   Price(s) and              Price- n/a 
       volume(s)                 Volume: 8,334 
---  ------------------------  ------------------------------- 
 d)   Aggregated information    Aggregated price - n/a 
                                 Aggregated volume: 8,334 
---  ------------------------  ------------------------------- 
 e)   Date of the transaction   21 April 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

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April 24, 2017 02:01 ET (06:01 GMT)

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