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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Instem Plc | LSE:INS | London | Ordinary Share | GB00B3TQCK30 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 830.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMINS
RNS Number : 6426Q
Instem plc
20 February 2019
20 February 2019
Instem plc
("Instem")
Exercise of Options, PDMR Dealing and Total Voting Rights
Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that it was notified on 19 February 2019 that certain Directors and employees of the Company, exercised share options ("Share Options") over 235,339 ordinary shares of 10 pence each in the Company ("Ordinary Shares").
Subsequently, on 19 February 2019, certain Directors sold some of the Ordinary Shares issued on the exercise of the options to finance the associated tax liabilities and for tax planning purposes.
Details of the Directors who participated in the exercise of Share Options and subsequent sale of Ordinary Shares are as follows:
Hot Features
Premium
Aggregate Resultant Resultant
exercise interest interest
price per in Ordinary in Ordinary
Ordinary Shares Shares
Number of: Share (%)
Name of Director Share Options Ordinary
exercised Shares sold
Phil Reason 93,750 73,750 10p 685,287 4.2%
Nigel Goldsmith 40,000 40,000 221.5p Nil Nil
Further details are set out below.
Application will be made to the London Stock Exchange for the admission of the 235,339 new Ordinary Shares to trading on AIM ("New Ordinary Shares"). Admission is expected to take place at 8.00 a.m. on 26 February 2019.
Total voting rights
Following the issue and allotment of the above New Ordinary Shares, the Company's issued share capital comprises 16,153,270 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,153,270.
The figure of 16,153,270 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 of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Phil Reason, CEO of Instem commented:
"As the Company's CEO, a major long-term shareholder and substantial holder of options over additional Ordinary Shares, I am pleased to be increasing my shareholding through the exercise of these options."
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Phil Reason
--------------------------------- ------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
--------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------------
a) Name Instem plc
--------------------------------- ------------------------------------
b) LEI 213800PILYUFNNROQX68
--------------------------------- ------------------------------------
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 Ordinary shares of 10p each
the financial
instrument, type
of instrument
Identification GB00B3TQCK30
code
b) Nature of the Exercise of Options
transaction
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
------------------- ------------
Price Volume(s)
------------------- ------------
10p (exercise
price) 93,750
---------------------------------------------------------- ------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19 February 2019
--------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Phil Reason
------------------------------- ------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------------
a) Name Instem plc
------------------------------- ------------------------------------
b) LEI 213800PILYUFNNROQX68
------------------------------- ------------------------------------
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 Ordinary shares of 10p each
the financial
instrument, type
of instrument
Identification GB00B3TQCK30
code
b) Nature of the Sale of Shares
transaction
------------------------------- ------------------------------------
c) Price(s) and volume(s)
--------------------- -----------
Price(s) Volume(s)
--------------------- -----------
295p 73,750
--------------------- -----------
d) Aggregated information
- Aggregated volume 73,750
- Price GBP217,562.50
e) Date of the transaction 19 February 2019
------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---------------------------------------------------------------------
a) Name Nigel Goldsmith
------------------------------- ------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ------------------------------------
b) Initial notification Initial
/Amendment
------------------------------- ------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------------
a) Name Instem plc
------------------------------- ------------------------------------
b) LEI 213800PILYUFNNROQX68
------------------------------- ------------------------------------
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 Ordinary shares of 10p each
the financial
instrument, type
of instrument
Identification GB00B3TQCK30
code
b) Nature of the Exercise of Options
transaction
------------------------------- ------------------------------------
c) Price(s) and volume(s)
--------------------- -----------
Price(s) Volume(s)
--------------------- -----------
221.5p (Exercise
price) 40,000
--------------------- -----------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
e) Date of the transaction 19 February 2019
------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nigel Goldsmith
------------------------------------- ----------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------- ----------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-------------------------------------------------------------------------
a) Name Instem plc
------------------------------------- ----------------------------------
b) LEI 213800PILYUFNNROQX68
------------------------------------- ----------------------------------
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 Ordinary shares of 10p each
the financial
instrument, type
of instrument
Identification GB00B3TQCK30
code
b) Nature of the Sale of Shares
transaction
------------------------------------- ----------------------------------
c) Price(s) and volume(s)
-------------- ---------------
Price(s) Volume(s)
-------------- ---------------
295p 40,000
-------------- ---------------
d) Aggregated information
- Aggregated volume 40,000
- Price GBP118,000
e) Date of the transaction 19 February 2019
------------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------------- ----------------------------------
For further information, please contact:
Instem plc +44 (0) 1785 825 600 Phil Reason, CEO Nigel Goldsmith, CFO N+1 Singer (Nominated Adviser & Broker) +44 (0) 20 7496 3000 Richard Lindley Rachel Hayes Walbrook Financial PR +44 (0) 20 7933 8780 Paul Cornelius instem@walbrookpr.com Nick Rome Sam Allen
About Instem
Instem is a leading provider of IT solutions & services to the life sciences market delivering compelling solutions for Study Management and Data Collection; Regulatory Solutions for Submissions and Compliance; and Informatics-based Insight Generation.
Instem solutions are in use by customers worldwide and enable our clients to bring life enhancing products to market faster.
Instem's portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonisation of actionable scientific information.
Instem supports over 500 clients through offices in the United States, United Kingdom, France, Japan, China and India.
To learn more about Instem solutions and its mission, please visit instem.com.
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.
END
MSCURSORKRAUUAR
(END) Dow Jones Newswires
February 20, 2019 08:44 ET (13:44 GMT)
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