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IMM Immupharma Plc

2.35
0.11 (4.91%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Immupharma Plc LSE:IMM London Ordinary Share GB0033711010 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.11 4.91% 2.35 2.30 2.40 2.30 2.20 2.20 1,317,704 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 0 -3.81M -0.0114 -2.02 7.67M

Immupharma PLC Grant of Share Options & PDMR dealing (5422G)

26/11/2020 7:00am

UK Regulatory


Immupharma (LSE:IMM)
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TIDMIMM

RNS Number : 5422G

Immupharma PLC

26 November 2020

 
 RNS / eCorporate   26 November 2020 
 

ImmuPharma PLC

("ImmuPharma" or the "Company")

Grant of Share Options & PDMR dealing

ImmuPharma PLC (LSE:IMM | Euronext Growth: ALIMM), the specialist drug discovery and development company, announces the approval of the grant of options over a total of 9,625,000 ordinary shares of 10p each in the Company ("Ordinary Shares") to Directors, employees and consultants representing 3.8% of ImmuPharma's Ordinary Shares and total voting rights (the "Options"). ImmuPharma currently has 250,221,297 Ordinary Shares in issue.

Upon the recommendation of the Company's remuneration committee, the Company has granted the Options pursuant to the Company's Share Option Plan which was adopted on 30 March 2017 (the "2017 Plan").

The exercise price for the Options is 20p being a 54% premium to the closing middle market share price of 13p on 25 November 2020. The Options will vest after three years and are exercisable between three and ten years from the date of grant.

The amount of Options granted to the Directors are summarised in the following table:

 
      Director         Options Granted 
 Dimitri Dimitriou        1,500,000 
                      ---------------- 
 Dr Robert Zimmer        1,875,000* 
                      ---------------- 
 Tim McCarthy             1,500,000 
                      ---------------- 
 Dr Franco di Muzio        300,000 
                      ---------------- 
 Dr Stephane Mery          300,000 
                      ---------------- 
 

*Includes 375,000 Options granted to Elizabeth Zimmer, Robert Zimmer's wife who is also an employee of the Company

Following the grant of Options, the Directors will have the following interests in share options in the Company:

 
     Director        Number of options   Exercise Price   Expiry Date 
 Dimitri Dimitriou       1,000,000           50.25p       30.03.2027 
                         1,500,000           98.62p        24.11.2027 
                         1,500,000           20.00p        26.11.2030 
                    ------------------  ---------------  ------------ 
 Dr Robert Zimmer         50,000*            90.75p       24.11.2021 
                          100,000*           43.88p        02.06.2026 
                         1,250,000*          50.25p        30.03.2027 
                         1,875,000*          98.62p        24.11.2027 
                         1,875,000*          20.00p        26.11.2030 
                    ------------------  ---------------  ------------ 
 Tim McCarthy             500,000            43.88p       02.06.2026 
                         1,000,000           56.75p        12.07.2027 
                         1,500,000           98.62p        24.11.2027 
                         1,500,000           20.00p        26.11.2030 
                    ------------------  ---------------  ------------ 
 Dr Franco di             100,000            43.88p       02.06.2026 
  Muzio 
                          200,000            56.75p        12.07.2027 
                          300,000            98.62p        24.11.2027 
                          300,000            20.00p        26.11.2030 
                    ------------------  ---------------  ------------ 
 Dr Stephane Mery         100,000            43.88p       02.06.2026 
                          200,000            56.75p        12.07.2027 
                          300,000            98.62p        24.11.2027 
                          300,000            20.00p        26.11.2030 
                    ------------------  ---------------  ------------ 
 

*Includes Options granted to Elizabeth Zimmer, Robert Zimmer's wife who is also an employee of the Company

The Directors currently have the following interests in Ordinary Shares:

 
 Director              Number of Ordinary   % of issued share 
                             Shares             capital at 
                                             25 November 2020 
 Dimitri Dimitriou         3,567,430              1.45% 
                      -------------------  ------------------ 
 Dr Robert Zimmer         27,344,514*            11.10% 
                      -------------------  ------------------ 
 Tim McCarthy                38,462               0.01% 
                      -------------------  ------------------ 
 Dr Franco di Muzio          99,412               0.04% 
                      -------------------  ------------------ 
 Dr Stephane Mery            21,490               0.01% 
                      -------------------  ------------------ 
 

*includes 22,000,000 shares held by Luca & Associates AG, an entity connected with Dr Zimmer, and of which he is President and a shareholder.

Other grants of Options to Persons Discharging Managerial Responsibilities ("PDMR")

1,500,000 Options have been granted to Tim Franklin, Chief Operating Officer of the Company. Following the grant of these Options, Tim Franklin will hold Options over 1,500,000 Ordinary Shares in the Company. Similarly, 375,000 Options have been granted to Ewa Flynn, Financial Controller of the Company. Following the grant of these Options, Ewa Flynn will hold Options over 375,000 Ordinary Shares in the Company. Neither Dr Franklin nor Ewa Flynn currently hold any interests in Ordinary Shares in the Company.

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                             Dimitri Dimitriou 
      -------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position / status                Chief Executive Officer 
      -------------------------------  ---------------------------------------- 
 b)    Initial notification             Initial notification 
        / Amendment 
      -------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                             ImmuPharma PLC 
      -------------------------------  ---------------------------------------- 
 b)    LEI                              213800VZKGHXC7VUS895 
      -------------------------------  ---------------------------------------- 
  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               Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                         ISIN: GB0033711010 
        Identification code 
      -------------------------------  ---------------------------------------- 
 b)    Nature of the transaction        Grant of share options over Ordinary 
                                         Shares 
      -------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                     Price               Volume 
      -------------------------------  --------------------------  ------------ 
                          Exercise price: 
                          20p per Ordinary 
                                Share                                1,500,000 
  ---------------------------------------------------------------  ------------ 
 d)    Aggregated information           N/A 
 
        - Aggregated volume 
 
        - Price 
      -------------------------------  ---------------------------------------- 
 e)    Date of the transaction          25 November 2020 
      -------------------------------  ---------------------------------------- 
 f)    Place of the transaction         Off market 
      -------------------------------  ---------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Dr Robert Zimmer 
     --------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / status           President & Chief Scientific Officer 
     --------------------------  ------------------------------------------- 
 b)   Initial notification        Initial notification 
       / Amendment 
     --------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                        ImmuPharma PLC 
     --------------------------  ------------------------------------------- 
 b)   LEI                         213800VZKGHXC7VUS895 
     --------------------------  ------------------------------------------- 
 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          Ordinary Shares of 10p each 
       financial instrument 
       , type of instrument 
                                   ISIN: GB0033711010 
       Identification code 
     --------------------------  ------------------------------------------- 
 b)   Nature of the transaction   Grant of share options over Ordinary 
                                   Shares 
     --------------------------  ------------------------------------------- 
 c)   Price(s) and volume(s)            Price                 Volume 
     --------------------------  ------------------  ----------------------- 
                                   Exercise price:          1,875,000 
                                   20p per Ordinary 
                                        Share 
                                                         (includes 375,000 
                                                        to Elizabeth Zimmer) 
     --------------------------  ------------------  ----------------------- 
 d)   Aggregated information      N/A 
 
       - Aggregated volume 
 
       - Price 
     --------------------------  ------------------------------------------- 
 e)   Date of the transaction     25 November 2020 
     --------------------------  ------------------------------------------- 
 f)   Place of the transaction    Off market 
     --------------------------  ------------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                             Tim McCarthy 
      -------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position / status                Non-Executive Chairman 
      -------------------------------  ---------------------------------------- 
 b)    Initial notification             Initial notification 
        / Amendment 
      -------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                             ImmuPharma PLC 
      -------------------------------  ---------------------------------------- 
 b)    LEI                              213800VZKGHXC7VUS895 
      -------------------------------  ---------------------------------------- 
  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               Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                         ISIN: GB0033711010 
        Identification code 
      -------------------------------  ---------------------------------------- 
 b)    Nature of the transaction        Grant of share options over Ordinary 
                                         Shares 
      -------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                     Price               Volume 
      -------------------------------  --------------------------  ------------ 
                          Exercise price: 
                          20p per Ordinary 
                                Share                                1,500,000 
  ---------------------------------------------------------------  ------------ 
 d)    Aggregated information           N/A 
 
        - Aggregated volume 
 
        - Price 
      -------------------------------  ---------------------------------------- 
 e)    Date of the transaction          25 November 2020 
      -------------------------------  ---------------------------------------- 
 f)    Place of the transaction         Off market 
      -------------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                               Dr Franco Di Muzio 
      ---------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position / status                  Non-Executive Director 
      ---------------------------------  ---------------------------------------- 
 b)    Initial notification               Initial notification 
        / Amendment 
      ---------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                               ImmuPharma PLC 
      ---------------------------------  ---------------------------------------- 
 b)    LEI                                213800VZKGHXC7VUS895 
      ---------------------------------  ---------------------------------------- 
  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                 Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                           ISIN: GB0033711010 
        Identification code 
      ---------------------------------  ---------------------------------------- 
 b)    Nature of the transaction          Grant of share options over Ordinary 
                                           Shares 
      ---------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                       Price                Volume 
      ---------------------------------  ---------------------------  ----------- 
                            Exercise price: 
                            20p per Ordinary 
                                 Share                                  300,000 
  ------------------------------------------------------------------  ----------- 
 d)    Aggregated information             N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------------  ---------------------------------------- 
 e)    Date of the transaction            25 November 2020 
      ---------------------------------  ---------------------------------------- 
 f)    Place of the transaction           Off market 
      ---------------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                               Dr Stéphane Méry 
      ---------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position / status                  Non-Executive Director 
      ---------------------------------  ---------------------------------------- 
 b)    Initial notification               Initial notification 
        / Amendment 
      ---------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                               ImmuPharma PLC 
      ---------------------------------  ---------------------------------------- 
 b)    LEI                                213800VZKGHXC7VUS895 
      ---------------------------------  ---------------------------------------- 
  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                 Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                           ISIN: GB0033711010 
        Identification code 
      ---------------------------------  ---------------------------------------- 
 b)    Nature of the transaction          Grant of share options over Ordinary 
                                           Shares 
      ---------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                       Price                Volume 
      ---------------------------------  ---------------------------  ----------- 
                            Exercise price: 
                            20p per Ordinary 
                                 Share                                  300,000 
  ------------------------------------------------------------------  ----------- 
 d)    Aggregated information             N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------------  ---------------------------------------- 
 e)    Date of the transaction            25 November 2020 
      ---------------------------------  ---------------------------------------- 
 f)    Place of the transaction           Off market 
      ---------------------------------  ---------------------------------------- 
 

PDMR Options

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                             Dr Tim Franklin 
      -------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position / status                Chief Operating Officer 
      -------------------------------  ---------------------------------------- 
 b)    Initial notification             Initial notification 
        / Amendment 
      -------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                             ImmuPharma PLC 
      -------------------------------  ---------------------------------------- 
 b)    LEI                              213800VZKGHXC7VUS895 
      -------------------------------  ---------------------------------------- 
  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               Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                         ISIN: GB0033711010 
        Identification code 
      -------------------------------  ---------------------------------------- 
 b)    Nature of the transaction        Grant of share options over Ordinary 
                                         Shares 
      -------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                     Price               Volume 
      -------------------------------  --------------------------  ------------ 
                          Exercise price: 
                          20p per Ordinary 
                                Share                                1,500,000 
  ---------------------------------------------------------------  ------------ 
 d)    Aggregated information           N/A 
 
        - Aggregated volume 
 
        - Price 
      -------------------------------  ---------------------------------------- 
 e)    Date of the transaction          25 November 2020 
      -------------------------------  ---------------------------------------- 
 f)    Place of the transaction         Off market 
      -------------------------------  ---------------------------------------- 
 
 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                               Ewa Flynn 
      ---------------------------------  ---------------------------------------- 
  2    Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position / status                  Financial Controller 
      ---------------------------------  ---------------------------------------- 
 b)    Initial notification               Initial notification 
        / Amendment 
      ---------------------------------  ---------------------------------------- 
  3    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                               ImmuPharma PLC 
      ---------------------------------  ---------------------------------------- 
 b)    LEI                                213800VZKGHXC7VUS895 
      ---------------------------------  ---------------------------------------- 
  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                 Ordinary Shares of 10p each 
        financial instrument 
        , type of instrument 
                                           ISIN: GB0033711010 
        Identification code 
      ---------------------------------  ---------------------------------------- 
 b)    Nature of the transaction          Grant of share options over Ordinary 
                                           Shares 
      ---------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)                       Price                Volume 
      ---------------------------------  ---------------------------  ----------- 
                            Exercise price: 
                            20p per Ordinary 
                                 Share                                  375,000 
  ------------------------------------------------------------------  ----------- 
 d)    Aggregated information             N/A 
 
        - Aggregated volume 
 
        - Price 
      ---------------------------------  ---------------------------------------- 
 e)    Date of the transaction            25 November 2020 
      ---------------------------------  ---------------------------------------- 
 f)    Place of the transaction           Off market 
      ---------------------------------  ---------------------------------------- 
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. ("MAR")

 
 
 
 
 For further information please contact: 
   ImmuPharma PLC ( www.immupharma.com ) 
    Tim McCarthy, Chairman                        + 44 (0) 207 152 4080 
   Dimitri Dimitriou, Chief Executive Officer 
   Lisa Baderoon, Head of Investor Relations      + 44 (0) 7721 413496 
   SPARK Advisory Partners Limited (NOMAD) 
    Neil Baldwin 
 
    Stanford Capital Partners (Joint Broker)      +44 (0) 203 36 8 3550 
    Patrick Claridge 
    John Howes 
    Bob Pountney                                   +44 (0) 203 815 8880 
 
    SI Capital (Joint Broker) 
    Nick Emerson                                   +44 (0) 1483 413500 
   4Reliance (Euronext Growth Listing Sponsor)    +32 (0) 2 747 02 60 
    Jean-Charles Snoy 
 
    Degroof Petercam (Liquidity Provider)          +32 (0) 2 287 95 34 
    Erik De Clippel 
 
    Backstage Communication 
    Olivier Duquaine                               +32 (0) 477 504 784 
    Gunther De Backer                              +32 (0) 475 903 909 
 

Notes to Editors

About ImmuPharma PLC

ImmuPharma PLC (LSE AIM: IMM - Euronext Growth: ALIMM) is a specialty biopharmaceutical company that discovers and develops peptide-based therapeutics. The Company's portfolio includes novel peptide therapeutics for autoimmune diseases, anti-infectives, metabolic diseases and cancer. The lead program, Lupuzor(TM), is a first-in class autophagy immunomodulator which is in Phase III for the treatment of systemic lupus erythematosus (lupus / SLE). Lupus is an autoimmune disease which if left untreated can be fatal. Preclinical analysis suggest therapeutic activity for many other autoimmune diseases that share the same autophagy mechanism of action. ImmuPharma and Avion Pharmaceuticals signed on 28 November 2019, an exclusive licence and development agreement and trademark agreement for Lupuzor(TM) to fund a new international Phase III trial for Lupuzor(TM) and commercialise in the US.

For additional information about ImmuPharma please visit www.immupharma.com .

ImmuPharma's LEI (Legal Entity Identifier) code: 213800VZKGHXC7VUS895.

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 rns@lseg.com or visit www.rns.com.

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END

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November 26, 2020 02:00 ET (07:00 GMT)

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