hVIVO plc Director's Dealings (3086D)

TIDMHVO

RNS Number : 3086D

hVIVO plc

08 October 2018

hVIVO PLC

("hVIVO" or the "Company")

Director's Dealings

London, UK, 8 October 2018: hVIVO plc (AIM: HVO), an industry leading clinical development services business pioneering human disease models based upon viral and allergen challenge, announces that application has been made to AIM for the admission of 6,420 new ordinary shares of 5.0p each in the Company (the "New Ordinary Shares").

The New Ordinary Shares have been allotted pursuant to the purchase by Jim Winschel (Non-Executive Director) of new ordinary shares, under the terms of his letter of appointment as set out in the Company's announcement of 4 November 2014 which stated that Mr Winschel had entered into a binding commitment to purchase GBP4,000 of hVIVO plc new ordinary shares per quarter.

The New Ordinary Shares represent Mr Winschel's investment for the quarter ended 30 September 2018. On 8 October 2018, Mr Winschel invested in an additional 6,420 ordinary shares, at a price of 62.3 pence per share.

Following admission of the New Ordinary Shares to trading on AIM, the total number of ordinary shares with voting rights in issue will be 80,581,494 and 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.

Admission of the New Ordinary Shares ("Admission"), which will rank pari passu in all respects with the Company's existing shares in issue, is expected to occur on 12 October 2018. Following Admission, Mr Winschel will be interested in a total of 79,558 ordinary shares of 5.0p in the Company, representing 0.1% 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 persons closely associated with them

 
 1    Details of the persons discharging managerial responsibilities/persons 
       closely associated 
 a)   Name                         Jim Winschel 
     ---------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/                    Non-Executive Director 
       status 
     ---------------------------  -------------------------------------------- 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                         hVIVO 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 5 pence each 
       of the financial 
       instrument, 
       type of instrument           GB00B6ZM0X53 
 
       Identification 
       code 
     ---------------------------  -------------------------------------------- 
 b)   Nature of                    Acquisition of ordinary shares 
       the transaction 
     ---------------------------  -------------------------------------------- 
 c)   Currency                     GBP 
     ---------------------------  -------------------------------------------- 
 d)   Price(s) and                      Director        Price (p)   Volume 
       volume(s)                         Jim Winschel    62.3        6,420 
                                                       ----------  ------- 
     --------------------------- 
 
 e)   Aggregated 
       information 
       - Aggregated 
        volume 
       - Price                      6,420 
       - Aggregated                  62.3p 
        total 
                                     GBP3,999.66 
     ---------------------------  -------------------------------------------- 
 f)   Date of the                  8 October 2018 
       transaction 
     ---------------------------  -------------------------------------------- 
 g)   Place of the                 London Stock Exchange, AIM 
       transaction 
     ---------------------------  -------------------------------------------- 
 

For further information please contact:

 
 hVIVO plc 
 Trevor Phillips (Executive Chairman)         [phone] 
 Fleur Wood (Director, Investor Relations) 
 Numis Securities Limited                      [phone] 
 Michael Meade / Freddie Barnfield 
  (Nominated Adviser) 
 James Black / Michael Burke (Corporate 
  Broking) 
 
 FTI Consulting 
 Simon Conway / Victoria Foster Mitchell      [phone] 
 

Notes to Editors:

hVIVO plc ("hVIVO") is pioneering a human-based clinical trial platform to accelerate drug and vaccine development in respiratory and infectious diseases. Leveraging human disease models in flu, RSV, HRV and respiratory indications, the hVIVO platform captures disease in motion, illuminating the entire disease life cycle from healthy to sick and back to health. Based in the UK, market leader hVIVO has conducted more than 50 clinical studies and inoculated over 2500 volunteers.

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.

END

DSHUGGPAUUPRGGR

(END) Dow Jones Newswires

October 08, 2018 09:00 ET (13:00 GMT)