Hemogenyx Pharmaceuticals PLC Director/PDMR Shareholding (2753E)

TIDMHEMO

RNS Number : 2753E

Hemogenyx Pharmaceuticals PLC

03 July 2019

Hemogenyx Pharmaceuticals plc

("Hemogenyx" or the "Company")

Director/PDMR Shareholding

Hemogenyx Pharmaceuticals plc (LSE: HEMO) announces that it has awarded 1,066,667 ordinary shares of GBP0.01 each to the Company's CEO, Dr Vladislav Sandler, as a bonus in recognition of his performance in bringing forward the new developments referred to in recent announcements, as well as advancing the Company's core CDX antibody and Hu-PHEC projects. Following the issue of shares, Dr Sandler is beneficially interested in 116,635,362 ordinary shares representing 32.29% of the enlarged share capital. The Concert Party (as defined in the Company's prospectus dated 8 September 2017) now holds 229,829,175 ordinary shares representing 63.62%* of the enlarged share capital.

Professor Sir Marc Feldmann, Chairman, commented, "I congratulate Dr Sandler on behalf of the Board for the excellent progress made in recent months. These achievements are particularly notable given the Company's current size and the resources available to it. In this context, it is also worth noting that Dr Sandler has waived part of his director's remuneration. The progress achieved by him and his team of scientists, and the interest elicited from major biopharmaceutical companies, have strengthened the Company's prospects, and will hopefully enable shareholders to benefit substantially from our more diversified product portfolio in the future."

*The Concert Party holding decreased by 11,692,863 ordinary shares following the disposal by Plum Capital Limited of its entire holding of ordinary shares in the Company on 12 October 2018.

An application has been made to the London Stock Exchange Main Market and admission of the new shares to trading is expected on or around 9 July 2019 ("Admission").

Total Voting Rights

Following Admission of the new shares, the Company will have 361,242,853 ordinary shares of GBP0.01 each in issue with voting rights. This figure may then be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The total voting rights figure includes an allotment of 4,008,504 ordinary shares to Cornell University announced on 5 October 2017 in partial satisfaction of a licence fee and 124,826 ordinary shares that were issued following an exercise of warrants on 30 May 2018.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA"):

 
 1.   Details of PDMR/person closely associated with them 
 a)   Name                            Dr Vladislav Sandler 
     ------------------------------  ----------------------------------- 
 b)   Position/status                 CEO/Director 
     ------------------------------  ----------------------------------- 
 c)   Initial notification/           Initial notification 
       amendment 
     ------------------------------  ----------------------------------- 
 2.   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 of 1p of Hemogenyx 
       the financial                   Pharmaceuticals plc 
       instrument                      Identification code GB00BYX3WZ24 
     ------------------------------  ----------------------------------- 
 b)   Nature of the                   Allotment of ordinary shares 
       transaction 
     ------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)           Price(s)       Volume(s) 
                                        GBP GBP0.03    1,066,667 
                                                      ---------- 
     ------------------------------  ----------------------------------- 
 d)        Aggregated information      Price(s)            Volume(s) 
             *    Aggregated volume     GBP GBP32,000.00    1,066,667 
                                                           ---------- 
 
             *    Price 
     ------------------------------  ----------------------------------- 
 e)   Date of the transaction         28-06-2019 
     ------------------------------  ----------------------------------- 
 f)   Place of the transaction        London Stock Exchange 
                                       XLON 
     ------------------------------  ----------------------------------- 
 

Enquiries:

 
 Hemogenyx Pharmaceuticals plc              www.hemogenyx.com 
 Dr Vladislav Sandler, Chief Executive      [e-mail] 
  Officer & Co-Founder 
 Sir Marc Feldmann, Chairman 
 
 SP Angel Corporate Finance LLP             Tel: [phone] 
                                             0470 
 Matthew Johnson, Vadim Alexandre, Soltan 
  Tagiev 
 
 Peterhouse Corporate Finance Limited       Tel: [phone] 
                                             0930 
 Lucy Williams, Duncan Vasey 
 
 US Media enquiries                         Tel: [phone] 
 Lowell Goodman                             [e-mail] 
 

About Hemogenyx Pharmaceuticals plc

Hemogenyx Pharmaceuticals plc ("Hemogenyx") is a publicly traded company (LSE: HEMO) headquartered in London, with its wholly-owned US operating subsidiaries, Hemogenyx LLC and Immugenyx LLC, located at its state-of-the-art research facility in New York City and a wholly-owned Belgian operating subsidiary, Hemogenyx-Cell SPRL, located in Liège.

Hemogenyx is a pre-clinical stage biopharmaceutical group developing new medicines and treatments to bring the curative power of bone marrow transplantation to a greater number of patients suffering from otherwise incurable life-threatening diseases. Hemogenyx is developing two distinct and complementary products, as well as a platform technology that it uses as an engine for novel product development.

For more than 50 years, bone marrow transplantation has been used to save the lives of patients suffering from blood diseases. The risks of toxicity and death that are associated with bone marrow transplantation, however, have meant that the procedure is restricted to use only as a last resort. Hemogenyx's technology has the potential to enable many more patients suffering from devastating blood diseases such as leukemia and lymphoma, as well as severe autoimmune diseases such as multiple sclerosis, aplastic anemia and systemic lupus erythematosus (Lupus), to benefit from bone marrow transplantation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 03, 2019 02:00 ET (06:00 GMT)