Eden Research plc Director/PDMR Shareholdings

RNS Number : 9740U

Eden Research plc

28 January 2025

 

28 January 2025

 

 

Eden Research plc

("Eden" or "the Company")

 

Director/PDMR Shareholdings

 

Eden Research plc (AIM: EDEN), a leader in sustainable biopesticide and biocontrol technology, announces that on 28 January 2025, the following directors of Eden purchased ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a volume-weighted average price of 3.68 pence per Ordinary Share, as follows:

 

Director	Position	No. of Ordinary Shares purchased
Sean Smith	Chief Executive Officer	540,540
Alex Abrey	Chief Financial Officer	540,540
Derek McAllan	Non-Executive Director	279,022

 

Following the purchase of Ordinary Shares detailed above, the Directors' interests in the Ordinary Share capital of the Company are as follows:

 

Director	No. of Ordinary Shares held	% of issued share capital
Sean Smith	1,913,117	0.36%
Alex Abrey	2,314,732	0.43%
Derek McAllan	602,039	0.11%

 

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

 

The Directors' purchases formed part of a wider block trade over c.5.2m Ordinary Shares in total which fully exited a selling shareholder.

 

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For further information contact:

 

Eden Research plc
Sean Smith Alex Abrey	www.edenresearch.com 01285 359 555
Cavendish Capital Markets Limited (Nominated advisor and broker)
Giles Balleny / George Lawson (corporate finance) Charlie Combe (corporate broking) Michael Johnson (sales)	020 7220 0500
Hawthorn Advisors (Financial PR)
Victoria Ainsworth	[e-mail]

 

Notes to Editors:

 

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

 

Eden's products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides. Eden has three products currently on the market:

 

Based on plant-derived active ingredients, Mevalone^® is a foliar biofungicide which initially targets a key disease affecting grapes and other high-value fruit and vegetable crops.  It is a useful tool in crop defence programmes and is aligned with the requirements of integrated pest management programmes. It is approved for sale in a number of key countries whilst Eden and its partners pursue regulatory clearance in new territories thereby growing Eden's addressable market globally.

 

NovellusÒ+ is an evolution of Mevalone, allowing improved rates in the field, high levels of efficacy and a broader list of targets.

 

Cedroz™ is a bionematicide that targets free living nematodes which are parasitic worms that affect a wide range of high-value fruit and vegetable crops globally.  Cedroz is registered for sale on two continents and Eden's commercial collaborator, Eastman Chemical, is pursuing registration and commercialisation of this important new product in numerous countries globally.

 

Eden's seed treatment product, Ecovelex™ was developed to safely tackle crop destruction caused by birds - a major cause of losses in maize and other crops. Ecovelex works by creating an unpleasant taste or odour that repels birds, leaving the seeds safely intact and the birds unaffected and free to find alternative food sources. The product is based on Eden's plant-derived chemistry, registered in the EU, U.S. and elsewhere, and formulated using Eden's Sustaine^® microencapsulation system.

 

Eden's Sustaine^® encapsulation technology is used to harness the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with both natural and synthetic compounds to enhance their performance and ease-of-use. Sustaine microcapsules are naturally-derived, plastic-free, biodegradable micro-spheres derived from yeast. It is one of the only viable, proven and immediately registerable solutions to the microplastics problem in formulations requiring encapsulation.

 

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN. It was awarded the London Stock Exchange Green Economy Mark in January 2021, which recognises London-listed companies that derive over 50% of their total annual revenue from products and services that contribute to the global green economy. Eden derives 100% of its total annual revenues from sustainable products and services.

 

For more information about Eden, please visit: www.edenresearch.com. You can also follow Eden's latest developments via its social media channels: X (Twitter) and LinkedIn.

 

 

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alex Abrey
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eden Research plc
b)	LEI	213800ZWTYTVQQSM3J85
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     Identification code	Ordinary Shares of 1 pence each       GB0001646941
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	540,540 Ordinary Shares at 3.70 pence per Ordinary Share
d)	Aggregated information     - Aggregated volume     - Price	N/A
e)	Date of the transaction	28 January 2025
f)	Place of the transaction	London Stock Exchange

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Derek McAllan
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Eden Research plc
b)	LEI	213800ZWTYTVQQSM3J85
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     Identification code	Ordinary Shares of 1 pence each       GB0001646941
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	279,022 Ordinary Shares at 3.58 pence per Ordinary Share
d)	Aggregated information     - Aggregated volume     - Price	N/A
e)	Date of the transaction	28 January 2025
f)	Place of the transaction	London Stock Exchange

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sean Smith
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	Eden Research plc
b)	LEI	213800ZWTYTVQQSM3J85
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     Identification code	Ordinary Shares of 1 pence each       GB0001646941
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	540,540 Ordinary Shares at 3.70 pence per Ordinary Share
d)	Aggregated information     - Aggregated volume     - Price	N/A
e)	Date of the transaction	28 January 2025
f)	Place of the transaction	London Stock Exchange

 

 

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