Silence Therapeutics PLC Grant of Options (7819K)

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RNS Number : 7819K

Silence Therapeutics PLC

06 January 2021

Grant of Options

January 6, 2021

LONDON, Silence Therapeutics plc, AIM:SLN and NASDAQ: SLN ("Silence" or "the Company") a leader in the discovery, development and delivery of novel short interfering ribonucleic acid (siRNA) therapeutics for the treatment of diseases with significant unmet medical need, today announced that it has granted 580,000 options to Craig Tooman, Chief Financial Officer, under the Silence Therapeutics plc 2018 Employee Long Term Incentive Plan.

Under the grant, 145,000 options will vest on the 12-month anniversary of the award. A further 36,250 share options will vest at the end of each subsequent quarter following the 12- month anniversary for the following 12 quarters. The options will have a strike price of GBP5.26, the mid-market closing price on AIM on January 5, 2021.

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 
       (PDMR) / person closely associated 
 a)   Name                         Craig Tooman 
     ---------------------------  ------------------------------------------------ 
 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                         Silence Therapeutics plc 
     ---------------------------  ------------------------------------------------ 
 b)   LEI                          213800SSURRJBX85SQ91 
     ---------------------------  ------------------------------------------------ 
 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 in Silence Therapeutics 
       the financial instrument,    plc 
       type of instrument 
 
       Identification 
       code                         ISIN for Silence Therapeutics plc Ordinary 
                                    Shares: 
                                    GB00B9GTXM62 
     ---------------------------  ------------------------------------------------ 
 b)   Nature of the transaction    Grant of Options under the Silence Therapeutics 
                                    plc 2018 Employee LTIP Scheme 
     ---------------------------  ------------------------------------------------ 
 c)   Prices(a) and volume(s)      580,000 options with strike price of GBP5.26 
     ---------------------------  ------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated volume           580,000 
       - Price                       GBP5.26 
     ---------------------------  ------------------------------------------------ 
 e)   Date of the transaction      6 January 2021 
     ---------------------------  ------------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------------ 
 

Enquiries:

 
 Silence Therapeutics plc                                Tel: [phone] 
  Gem Hopkins, Head of IR and Corporate Communications 
  [e-mail] 
  Investec Bank plc (Nominated Adviser and                Tel: +44 (0) 20 
   Broker)                                                 7597 5970 
   Daniel Adams/Gary Clarence 
 European IR                                             Tel: +44 (0) 20 
  Consilium Strategic Communications                      3709 5700 
  Mary-Jane Elliott/ Angela Gray / Chris Welsh 
  [e-mail] 
 U.S. IR                                                  Tel: [phone] 
  Westwicke Partners 
  Peter Vozzo 
  [e-mail] 
 

About Silence Therapeutics

Silence Therapeutics is developing a new generation of medicines by harnessing the body's natural mechanism of RNA interference, or RNAi, to inhibit the expression of specific target genes thought to play a role in the pathology of diseases with significant unmet medical need. Silence's proprietary technology can be used to engineer short interfering ribonucleic acids (siRNAs) that bind specifically to and silence, through the RNAi pathway, almost any gene in the human genome to which siRNA can be delivered. Silence's wholly owned product candidates include SLN360 designed to address the high and prevalent unmet medical need in reducing cardiovascular risk in people born with high levels of Lipoprotein(a) and SLN124 to address beta-thalassemia and myelodysplastic syndrome. Silence is also developing SLN500, a C3 targeting program, in partnership with Mallinckrodt Pharmaceuticals to reduce the expression of the C3 protein for the treatment of complement pathway-mediated diseases. Silence maintains ongoing research and collaborations with AstraZeneca, Mallinckrodt Pharmaceuticals and Takeda. For more information, please visit: https://www.silence-therapeutics.com/

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January 06, 2021 06:08 ET (11:08 GMT)