InnovaDerma PLC Director/PDMR Shareholding (4017N)

TIDMIDP

RNS Number : 4017N

InnovaDerma PLC

08 May 2018

LEI: 213800WRAP6W8VDL6B38

InnovaDerma PLC

Director/PDMR Shareholding

InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, announces that it was notified today that on 4 and 8 May 2018, Haris Chaudhry, Executive Chairman of InnovaDerma, sold 775,000 ordinary shares of EUR0.10 each ("Ordinary Shares") at an average price of GBP1.32 per Ordinary Share in order to satisfy a personal tax requirement due in Australia (the "Sale").

Following the Sale, Mr Chaudhry has an interest in, including that of the persons closely associated with him, of 5,030,220 Ordinary Shares representing approximately 34.64% of the issued share capital of the Company.

The total number of shares in which Haris Chaudhry is interested as above includes 50,000 Ordinary Shares owned by Mr Chaudhry's wife. Mr Chaudhry's wife is a person closely associated with him for the purposes of Article 19 of the Market Abuse Regulations.

 
 InnovaDerma                            [phone] 
  Haris Chaudhry/Joe Bayer                       0071 
                                           +44 (0) 20 
   finnCap Ltd                              7220 0500 
   Geoff Nash/Kate Bannatyne          www.finncap.com 
   Alice Lane - Corporate Broking 
 
   TB Cardew 
   Shan Shan Willenbrock 
   Tom Allison 
   Alycia Macaskill                        + 44 (0)20 
   Joe McGregor                             7930 0777 
 

About InnovaDerma

InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma has presence in Europe, US, Australasia, Asia and Africa.

The information communicated in this announcement contains inside information for the purposes of Article 7 of theMarket Abuse Regulation (EU) No. 596/2014.

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                              Haris Chaudhry 
---  -------------------------------  --------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------ 
 a)   Position/status                  Executive Chairman 
---  -------------------------------  --------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  --------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                             InnovaDerma PLC 
---  -------------------------------  --------------------------- 
 b)   LEI                              213800WRAP6W8VDL6B38 
---  -------------------------------  --------------------------- 
 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                   EUR0.10 each ("Ordinary 
       the Financial                    Shares") 
       instrument, type 
       of instrument 
--- 
      Identification                   IDP GB00BT9PTW34 
       code 
---  -------------------------------  --------------------------- 
 b)   Nature of the                    Sale of Ordinary Shares 
       transaction 
---  -------------------------------  --------------------------- 
 c)   Price(s) and volume(s)           Volume - 250,000 Ordinary 
                                        Shares 
                                        Price - GBP1.50 pence per 
                                        Ordinary Share 
---  -------------------------------  --------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
---  -------------------------------  --------------------------- 
 e)   Date of the transaction          4 May 2018 
---  -------------------------------  --------------------------- 
 f)   Place of the transaction         London Stock Exchange, 
                                        Main Market 
---  -------------------------------  --------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                              Haris Chaudhry 
---  -------------------------------  ---------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------- 
 a)   Position/status                  Executive Chairman 
---  -------------------------------  ---------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ---------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                             InnovaDerma PLC 
---  -------------------------------  ---------------------------- 
 b)   LEI                              213800WRAP6W8VDL6B38 
---  -------------------------------  ---------------------------- 
 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                   EUR0.10 each ("Ordinary 
       the Financial                    Shares") 
       instrument, type 
       of instrument 
--- 
      Identification                   IDP GB00BT9PTW34 
       code 
---  -------------------------------  ---------------------------- 
 b)   Nature of the                    Sale of Ordinary Shares 
       transaction 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)           Volume and Price - 225,000 
                                        at GBP1.26 per Ordinary 
                                        Share 
                                        Volume and Price - 300,000 
                                        at GBP1.21 per Ordinary 
                                        Share 
---  -------------------------------  ---------------------------- 
 d)   Aggregated information: 
       Aggregated volume                 See 4c) above 
       Price 
---  -------------------------------  ---------------------------- 
 e)   Date of the transaction          8 May 2018 
---  -------------------------------  ---------------------------- 
 f)   Place of the transaction         London Stock Exchange, 
                                        Main Market 
---  -------------------------------  ---------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUWASRWOAVRAR

(END) Dow Jones Newswires

May 08, 2018 10:35 ET (14:35 GMT)