MaxCyte, Inc. Director Dealings and Issue of Equity (2766T)

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RNS Number : 2766T

MaxCyte, Inc.

16 July 2020

MaxCyte, Inc.

("MaxCyte" or the "Company")

Director Dealings and Issue of Equity

Gaithersburg, Maryland - 16 July 2020: MaxCyte (LSE: MXCT, MXCS), the global cell-based medicines and life sciences company, announces that Doug Doerfler, Chief Executive Officer and Founder of the Company and Ron Holtz, Chief Financial Officer, have exercised options over 575,000 shares of common stock of $0.01 of the Company ("Common Stock") ("Exercise") in aggregate. The 575,000 new shares of Common Stock issued pursuant to the Exercise ("New Common Stock") have today been sold by Doug Doerfler and Ron Holtz at a price of 220 pence per Common Stock ("Sale"). The sold shares represent approximately 11.0 % and 11.2% of Mr. Doerfler's and Mr. Holtz's total equity and option holdings in the Company's equity, respectively. This share sale is the first sale of any of Mr. Doerfler's or Mr. Holtz's equity in the Company since it's founding in 1999 and Mr. Doerfler and Mr. Holtz have no current intention of making further sales of MaxCyte shares.

Following the Exercise and Sale, Mr Doerfler's holding of Common Stock remains unchanged at a total of 433,197 Common Stock and Mr Holtz's holding of Common Stock remains unchanged at a total of 150,251 Common Stock, representing 0.57% and 0.20%, respectively, of the enlarged issued share capital of the Company and following the Exercise, Mr. Doerfler and Mr. Holtz hold a further 2,813,480 and 1,239,892 options over Common Stock.

Total voting rights

Application will be made for admission of the 575,000 New Common Stock to trading on AIM, which is anticipated to occur at 8:00am on 23 July 2020 ("Admission"). The New Common Stock will rank pari passu with the existing shares of common stock of the Company and will trade in the unrestricted line of Common Stock trading under the symbol MXCT. The total issued stock capital of the Company following the above will be 77,160,006 shares of common stock. Shareholders in the Company may use this figure 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 stock capital of the Company.

The number of unrestricted shares of Common Stock trading under the symbol 'MXCT' is 67,259,917 and the number of restricted shares of Common Stock trading under the symbol 'MXCL' is 9,900,089.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

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                             Doug Doerfler 
     ===============================  =========================================== 
 2    Reason for the notification 
     ============================================================================ 
 a)   Position/status                  Chief Executive Officer 
     ===============================  =========================================== 
 b)   Initial notification/Amendment   Initial notification 
     ===============================  =========================================== 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ============================================================================ 
 a)   Name                             MaxCyte, Inc. 
     ===============================  =========================================== 
 b)   LEI                              54930053YHXULRFCU991 
     ===============================  =========================================== 
 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                   Exercise of options and Sale of Common 
       the financial                    Stock 
       instrument, type 
       of instrument 
     ===============================  =========================================== 
 b)   Identification                   US57777K1060 
       Code 
     ===============================  =========================================== 
 c)   Nature of the                    Exercise of options and Sale of Common 
       transaction                      Stock by PDMR 
     ===============================  =========================================== 
 d)   Price(s) and volume(s)           Price(s)         Volume(s) 
     ===============================  ================  ========================= 
                                            N/A         400,000 (option exercise) 
                                             220 pence   400,000 (sale of common 
                                                         stock) 
     ===============================  ================  ========================= 
 e)   Aggregated information           N/A 
       - Aggregated volume              N/A 
       - Price                          N/A 
     ===============================  =========================================== 
 f)   Date of the transaction          16 July 2020 
     ===============================  =========================================== 
 g)   Place of the transaction         London Stock Exchange, AIM Market (XLON) 
     ===============================  =========================================== 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                             Ron Holtz 
     ===============================  =========================================== 
 2    Reason for the notification 
     ============================================================================ 
 a)   Position/status                  Chief Financial Officer 
     ===============================  =========================================== 
 b)   Initial notification/Amendment   Initial notification 
     ===============================  =========================================== 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ============================================================================ 
 a)   Name                             MaxCyte, Inc. 
     ===============================  =========================================== 
 b)   LEI                              54930053YHXULRFCU991 
     ===============================  =========================================== 
 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                   Exercise of options and Sale of Common 
       the financial                    Stock 
       instrument, type 
       of instrument 
     ===============================  =========================================== 
 b)   Identification                   US57777K1060 
       Code 
     ===============================  =========================================== 
 c)   Nature of the                    Exercise of options and Sale of Common 
       transaction                      Stock by PDMR 
     ===============================  =========================================== 
 d)   Price(s) and volume(s)           Price(s)         Volume(s) 
     ===============================  ================  ========================= 
                                            N/A         175,000 (option exercise) 
                                             220 pence   175,000 (sale of common 
                                                         stock) 
     ===============================  ================  ========================= 
 e)   Aggregated information           N/A 
       - Aggregated volume              N/A 
       - Price                          N/A 
     ===============================  =========================================== 
 f)   Date of the transaction          16 July 2020 
     ===============================  =========================================== 
 g)   Place of the transaction         London Stock Exchange, AIM Market (XLON) 
     ===============================  =========================================== 
 

About MaxCyte

MaxCyte is a clinical-stage global cell-based therapies and life sciences company. As the inventors of the premier cell-engineering enabling technology, the Company helps bring the promise of next-generation cell and gene-editing therapies to life. The Company's technology is currently being deployed by leading drug developers worldwide, including all of the top ten global biopharmaceutical companies. MaxCyte licences have been granted for more than 120 cell therapy programmes, with more than 90 licensed for clinical use, and the Company has now entered into eleven clinical/commercial license partnerships with leading cell therapy and gene editing developers. MaxCyte was founded in 1998, is listed on the London Stock Exchange (AIM:MXCT, MXCL) and is

headquartered in Gaithersburg, Maryland, US. For more information, visit    www.maxcyte.com . 

For further information, please contact:

 
 
  MaxCyte Inc. 
    Doug Doerfler, Chief Executive Officer 
    Ron Holtz, Chief Financial Officer        [phone] 
 
    Nominated Adviser and Joint Corporate 
    Broker 
    Panmure Gordon 
    Emma Earl 
    Freddy Crossley 
    Corporate Broking 
    James Stearns                              [phone] 
 
    Joint Corporate Broker 
    Numis Securities Limited 
    James Black 
    Duncan Monteith                            [phone] 
   Financial PR Adviser 
    Consilium Strategic Communications         [phone] 
    Mary-Jane Elliott                          [e-mail] 
    Chris Welsh 
    Sukaina Virji 
 

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 16, 2020 13:04 ET (17:04 GMT)