ReNeuron Group plc Exercise of Share Options and TVR (0906W)

TIDMRENE

RNS Number : 0906W

ReNeuron Group plc

12 April 2019

 
 12 April 2019   AIM: RENE 
 

ReNeuron Group plc

Exercise of Share Options and Director's Dealings

Total Voting Rights

ReNeuron Group plc (the "Company") (AIM: RENE), a UK-based global leader in the development of cell-based therapeutics, announces that it has received notices to exercise options from certain employees and a PDMR of the Company to subscribe for a total of 12,478 new ordinary shares of 1 pence in the Company. The exercise price of the options is GBP1.00 per share.

On 12 April 2019, Michael Hunt, Chief Financial Officer, exercised options over 3,478 ordinary shares of 1p each in the Company at an exercise price of GBP1.00 per share. In order to achieve a cashless exercise and pay the relevant taxes, on 12 April 2019 Mr Hunt sold 988 shares at a share price of GBP2.47 and therefore retains 2,490 shares.

As a result of the exercise and share transaction, Mr Hunt's interest in ordinary shares has increased to 30,036 ordinary shares, representing approximately 0.095% of the Company's issued share capital.

Total voting rights

Following the issue of 12,478 ordinary shares pursuant to the exercise of options described above and exercised through its existing blocklisting arrangements, the Company has 31,658,664 ordinary shares in issue, all with voting rights. The Company holds no ordinary shares in treasury. The above figure of 31,658,664 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.

ENDS

ENQUIRIES:

 
ReNeuron                                                                  [phone] 
Olav Hellebø, Chief Executive Officer 
Michael Hunt, Chief Financial Officer 
Buchanan                                                                  [phone] 
Mark Court, Sophie Wills, Tilly Abraham 
 
Stifel Nicolaus Europe Limited                                            [phone] 
Jonathan Senior, Stewart Wallace, Ben Maddison (NOMAD and Joint Broker) 
Nplus1 Singer Advisory LLP                                                [phone] 
Aubrey Powell, Mark Taylor (Joint Broker) 
 

About ReNeuron

ReNeuron is a global leader in cell-based therapeutics, harnessing its unique stem cell technologies to develop 'off the shelf' stem cell treatments, without the need for immunosuppressive drugs. The Company's lead clinical-stage candidates are in development for disability as a result of stroke and for the blindness-causing disease, retinitis pigmentosa. ReNeuron is also advancing its proprietary exosome technology platform as a potential delivery system for drugs that would otherwise be unable to reach their site of action. ReNeuron's shares are traded on the London AIM market under the symbol RENE.L. For further information visit www.reneuron.com.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation and provide further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Michael Hunt 
     ----------------------------  ---------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status               Chief Financial Officer 
     ----------------------------  ---------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                          ReNeuron Group plc 
     ----------------------------  ---------------------------------- 
 b)   LEI                           N/A 
     ----------------------------  ---------------------------------- 
 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 0.01p 
       the financial instrument, 
       type of instrument            RENE - GB00B0DZML60 
       Identification 
       code 
     ----------------------------  ---------------------------------- 
 b)   Nature of the transaction     Exercise of options over ordinary 
                                     shares 
     ----------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP1.00     3,478 
                                                  ---------- 
     ----------------------------  ---------------------------------- 
 d)   Aggregated information        N/A 
     ----------------------------  ---------------------------------- 
 e)   Date of the transaction       12 April 2019 
     ----------------------------  ---------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM Market 
     ----------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Michael Hunt 
     ----------------------------  ---------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status               Chief Financial Officer 
     ----------------------------  ---------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
     ----------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                          ReNeuron Group plc 
     ----------------------------  ---------------------------------- 
 b)   LEI                           N/A 
     ----------------------------  ---------------------------------- 
 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 0.01p 
       the financial instrument, 
       type of instrument            RENE - GB00B0DZML60 
       Identification 
       code 
     ----------------------------  ---------------------------------- 
 b)   Nature of the transaction     Sale of ordinary shares 
     ----------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       GBP2.47     988 
                                                  ---------- 
     ----------------------------  ---------------------------------- 
 d)   Aggregated information        N/A 
     ----------------------------  ---------------------------------- 
 e)   Date of the transaction       12 April 2019 
     ----------------------------  ---------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM Market 
     ----------------------------  ---------------------------------- 
 

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

MSCUUOORKSASAAR

(END) Dow Jones Newswires

April 12, 2019 09:36 ET (13:36 GMT)