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SNG Synairgen Plc

6.16
-0.35 (-5.38%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Synairgen Plc LSE:SNG London Ordinary Share GB00B0381Z20 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.35 -5.38% 6.16 5.82 6.50 93,636 16:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Pharmaceutical Preparations 0 -17.65M -0.0876 -0.74 13.11M

Synairgen plc Grant of Options (1396K)

06/04/2018 12:14pm

UK Regulatory


Synairgen (LSE:SNG)
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RNS Number : 1396K

Synairgen plc

06 April 2018

Press Release

Synairgen plc

('Synairgen' or the 'Company')

Grant of options

Southampton, UK - 6 April 2018: Synairgen plc (LSE: SNG), the respiratory drug discovery and development company, announces that on 5 April 2018 the Board of Synairgen granted options ('Options') over 2,822,316 ordinary shares of one pence each in the capital of the Company ('Ordinary Shares') at an exercise price of one pence per Ordinary Share. The Options represent in aggregate 3.09 per cent. of the Company's issued share capital. The last grant of options was made in October 2015.

The Options are issued under the Company's existing Long Term Incentive Plan and are exercisable between 5 April 2021 and 4 April 2028, subject to achievement of performance criteria related to the increase in the total shareholder return of the Company. Following this grant, Synairgen has 7,281,348 options in issue, representing 7.96 per cent. of the Company's issued share capital.

Included in the number of Options granted on 5 April 2018, the following Options were issued to directors:

 
                Options 
 Director        Issued 
-------------  -------- 
 Richard 
  Marsden       880,903 
-------------  -------- 
 Dr. Phillip 
  Monk          636,208 
-------------  -------- 
 John Ward      685,147 
-------------  -------- 
 

Following the issue of the Options, the interests of the directors of the Company at

5 April 2018 are as follows:

 
                                                                  Percentage 
                                                                     holding 
                              Total                                 of fully 
                            options    Ordinary       Total          diluted 
 Director                    issued      shares    interest    share capital 
-----------------------  ----------  ----------  ----------  --------------- 
 Richard Marsden          2,658,786     154,432   2,813,218            2.85% 
-----------------------  ----------  ----------  ----------  --------------- 
 Dr. Phillip Monk         1,316,592     183,439   1,500,031            1.52% 
-----------------------  ----------  ----------  ----------  --------------- 
 John Ward                1,800,464     276,506   2,076,970            2.10% 
-----------------------  ----------  ----------  ----------  --------------- 
 Simon Shaw (Note 
  1)                              -   1,474,096   1,474,096            1.49% 
-----------------------  ----------  ----------  ----------  --------------- 
 Iain Buchanan              212,765     112,741     325,506            0.33% 
-----------------------  ----------  ----------  ----------  --------------- 
 Dr. Bruce Campbell 
  (Note 2)                        -     294,259     294,259            0.30% 
-----------------------  ----------  ----------  ----------  --------------- 
 Paul Clegg (Note 
  3)                        250,000     204,244     454,244            0.46% 
-----------------------  ----------  ----------  ----------  --------------- 
 Prof. Stephen Holgate 
  (Note 4)                        -     858,360     858,360            0.87% 
-----------------------  ----------  ----------  ----------  --------------- 
 

Note 1. Simon Shaw's shareholding includes 105,516 shares held in his pension plan.

Note 2. Dr Bruce Campbell's shareholding includes 40,299 shares owned by his wife, Susan Campbell.

Note 3. Paul Clegg's shareholding includes 180,149 shares held in his pension plan.

Note 4. The holding of Professor Stephen Holgate includes 1,923 shares owned by his wife, Elizabeth Holgate.

Jody Brookes, also a person discharging managerial responsibilities, was granted 141,818 Options.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ('MAR')

For further information, please contact:

Synairgen plc

Richard Marsden, Chief Executive Officer

John Ward, Finance Director

Tel: + 44 (0) 23 8051 2800

finnCap

Geoff Nash, James Thompson (Corporate Finance)

Stephen Norcross, Simon Johnson (Corporate Broking)

Tel: + 44 (0) 20 7220 0500

Consilium Strategic Communications (Financial Media and Investor

Relations)

Mary-Jane Elliott / Sukaina Virji / Laura Thornton

synairgen@consilium-comms.com

Tel: +44 (0) 20 3709 5701

Notes for Editors

About Synairgen

Synairgen is a respiratory drug discovery and development company founded by University of Southampton Professors Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on asthma and COPD, uses its differentiating human biology BioBank platform and world-renowned international academic KOL network to discover and develop novel therapies for respiratory disease. Leveraging scientific and clinical trial facilities at the University of Southampton and Southampton General Hospital, the Company uses in vitro and ex vivo models to progress opportunities into clinical development. The BioBank of human samples is used in these models to increase confidence in the likelihood of successful drug development. Core to Synairgen's business strategy is the realisation of value via licensing transactions. In August 2015 the Company entered into a collaboration with Pharmaxis to develop an oral LOXL2 inhibitor to reduce fibrosis in patients with idiopathic pulmonary fibrosis (IPF). In December 2017 the collaboration agreement was amended as Pharmaxis took on full responsibility for the programme, with Synairgen receiving a GBP5 million upfront payment and circa 17% of any future partnering proceeds from all fibrotic indications. Synairgen is quoted on AIM (LSE: SNG). For more information about Synairgen, please see www.synairgen.com.

 
1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated 
     with them ('PCA') 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Richard Marsden 
    -----------------------------------------------  ------------------------------------------------ 
2.  Reason for 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                                             Synairgen plc 
    -----------------------------------------------  ------------------------------------------------ 
b)  LEI                                              213800IMMTOPPDF8HD24 
    -----------------------------------------------  ------------------------------------------------ 
4.  Details of the transaction(s): 
    ------------------------------------------------------------------------------------------------- 
a)  Description of the financial instrument          Options over ordinary shares of 1p each 
 
     Identification code 
                                                      GB00B0381Z20 
    -----------------------------------------------  ------------------------------------------------ 
b)  Nature of the transaction                        Award of Options under the Synairgen LTIP 
    -----------------------------------------------  ------------------------------------------------ 
c)  Price(s) and volume(s)                            880,903 Options awarded 
    -----------------------------------------------  ------------------------------------------------ 
d)  Aggregated information                           n/a 
     Aggregated volume Price 
    -----------------------------------------------  ------------------------------------------------ 
e)  Date of the transaction                          5 April 2018 
    -----------------------------------------------  ------------------------------------------------ 
f)  Place of the transaction                         Outside a trading venue 
    -----------------------------------------------  ------------------------------------------------ 
 
 
1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated 
     with them ('PCA') 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Dr Phillip Monk 
    -----------------------------------------------  ------------------------------------------------ 
2.  Reason for notification 
    ------------------------------------------------------------------------------------------------- 
a)  Position / status                                Chief Scientific Officer 
    -----------------------------------------------  ------------------------------------------------ 
b)  Initial notification / amendment                 Initial Notification 
    -----------------------------------------------  ------------------------------------------------ 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Synairgen plc 
    -----------------------------------------------  ------------------------------------------------ 
b)  LEI                                              213800IMMTOPPDF8HD24 
    -----------------------------------------------  ------------------------------------------------ 
4.  Details of the transaction(s): 
    ------------------------------------------------------------------------------------------------- 
a)  Description of the financial instrument          Options over ordinary shares of 1p each 
 
     Identification code 
                                                      GB00B0381Z20 
    -----------------------------------------------  ------------------------------------------------ 
b)  Nature of the transaction                        Award of Options under the Synairgen LTIP 
    -----------------------------------------------  ------------------------------------------------ 
c)  Price(s) and volume(s)                            636,208 Options awarded 
    -----------------------------------------------  ------------------------------------------------ 
d)  Aggregated information                           n/a 
     Aggregated volume Price 
    -----------------------------------------------  ------------------------------------------------ 
e)  Date of the transaction                          5 April 2018 
    -----------------------------------------------  ------------------------------------------------ 
f)  Place of the transaction                         Outside a trading venue 
    -----------------------------------------------  ------------------------------------------------ 
 
 
1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated 
     with them ('PCA') 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             John Ward 
    -----------------------------------------------  ------------------------------------------------ 
2.  Reason for notification 
    ------------------------------------------------------------------------------------------------- 
a)  Position / status                                Finance Director 
    -----------------------------------------------  ------------------------------------------------ 
b)  Initial notification / amendment                 Initial Notification 
    -----------------------------------------------  ------------------------------------------------ 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Synairgen plc 
    -----------------------------------------------  ------------------------------------------------ 
b)  LEI                                              213800IMMTOPPDF8HD24 
    -----------------------------------------------  ------------------------------------------------ 
4.  Details of the transaction(s): 
    ------------------------------------------------------------------------------------------------- 
a)  Description of the financial instrument          Options over ordinary shares of 1p each 
     Identification code 
 
                                                      GB00B0381Z20 
    -----------------------------------------------  ------------------------------------------------ 
b)  Nature of the transaction                        Award of Options under the Synairgen LTIP 
    -----------------------------------------------  ------------------------------------------------ 
c)  Price(s) and volume(s)                            685,147 Options awarded 
    -----------------------------------------------  ------------------------------------------------ 
d)  Aggregated information                           n/a 
     Aggregated volume Price 
    -----------------------------------------------  ------------------------------------------------ 
e)  Date of the transaction                          5 April 2018 
    -----------------------------------------------  ------------------------------------------------ 
f)  Place of the transaction                         Outside a trading venue 
    -----------------------------------------------  ------------------------------------------------ 
 
 
1.  Details of Persons Discharging Managerial Responsibilities ('PDMR') / person closely associated 
     with them ('PCA') 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Jody Brookes 
    -----------------------------------------------  ------------------------------------------------ 
2.  Reason for notification 
    ------------------------------------------------------------------------------------------------- 
a)  Position / status                                Head of Clinical Operations 
    -----------------------------------------------  ------------------------------------------------ 
b)  Initial notification / amendment                 Initial Notification 
    -----------------------------------------------  ------------------------------------------------ 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
    ------------------------------------------------------------------------------------------------- 
a)  Name                                             Synairgen plc 
    -----------------------------------------------  ------------------------------------------------ 
b)  LEI                                              213800IMMTOPPDF8HD24 
    -----------------------------------------------  ------------------------------------------------ 
4.  Details of the transaction(s): 
    ------------------------------------------------------------------------------------------------- 
a)  Description of the financial instrument          Options over ordinary shares of 1p each 
 
     Identification code 
                                                      GB00B0381Z20 
    -----------------------------------------------  ------------------------------------------------ 
b)  Nature of the transaction                        Award of Options under the Synairgen LTIP 
    -----------------------------------------------  ------------------------------------------------ 
c)  Price(s) and volume(s)                            141,818 Options awarded 
    -----------------------------------------------  ------------------------------------------------ 
d)  Aggregated information                           n/a 
     Aggregated volume Price 
    -----------------------------------------------  ------------------------------------------------ 
e)  Date of the transaction                          5 April 2018 
    -----------------------------------------------  ------------------------------------------------ 
f)  Place of the transaction                         Outside a trading venue 
    -----------------------------------------------  ------------------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHEAFLKEFEPEFF

(END) Dow Jones Newswires

April 06, 2018 07:14 ET (11:14 GMT)

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