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RNS Number : 9170U Arecor Therapeutics PLC 04 August 2022
4 August 2022
Arecor Therapeutics plc
("Arecor" or the "Company" or the "Group")
Director/PDMR Dealings
and
Completion of the Acquisition of Tetris Pharma
Arecor Therapeutics plc (AIM: AREC), a globally focused
biopharmaceutical company advancing today's therapies to enable healthier
lives, announces that further to the Placing and acquisition of Tetris
Pharma, details of which were announced on 1 August 2022, pursuant to the
Placing, the following Directors subscribed for an aggregate amount of
£113,271 at the Placing Price of 300 pence per ordinary share.
Following General Admission today, the Placing and acquisition of Tetris
Pharma have now completed.
The following Directors interests in Ordinary Shares are as follows:
Name Placing Shares acquired Resultant shareholding following Admission % of the Enlarged Share Capital
Sarah Howell (Chief Executive Officer) 6,666 847,072.00 2.8%
Susan Lowther (Chief Financial Officer) 3,334 139,849.00 0.5%
Andrew Richards (Chair) 6,666 223,834.00 0.7%
Sam Fazeli (Non-Executive Director) 7,756 115,708.00 0.4%
Jeremy Morgan (Non-Executive Director) 6,666 27,169.00 0.1%
Christine Soden (Non-Executive Director) 6,667 19,167.00 0.1%
Total 37,755
The capitalised terms used in this announcement have the same meanings as in
the announcement published by the Company at 7.00 a.m. on 1 August 2022
unless otherwise stated.
For more information, please contact:
Arecor Therapeutics plc www.arecor.com (http://www.arecor.com)
Dr Sarah Howell, Chief Executive Officer Tel: +44 (0) 1223 426060
Email: info@arecor.com (mailto:info@arecor.com)
Susan Lowther, Chief Financial Officer Tel: +44 (0) 1223 426060
Email: info@arecor.com (mailto:info@arecor.com)
Mo Noonan, Communications Tel: +44 (0) 7876 444977
Email: mo.noonan@arecor.com (mailto:mo.noonan@arecor.com)
Panmure Gordon (UK) Limited (NOMAD and Broker)
Freddy Crossley, Emma Earl (Corporate Finance) Tel: +44 (0) 20 7886 2500
Rupert Dearden (Corporate Broking)
Consilium Strategic Communications
Chris Gardner, David Daley, Angela Gray Tel: +44 (0) 20 3709 5700
Email: arecor@consilium-comms.com (mailto:arecor@consilium-comms.com)
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 a) Sarah Howell
b) Susan Lowther
c) Andrew Richards
d) Sam Fazeli
e) Jeremy Morgan
f) Christine Soden
2 Reason for the notification
a) Position/status a) Chief Executive Officer
b) Chief Financial Officer
c) Chair
d) Non-executive Director
e) Non-executive Director
f) Non-executive Director
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Arecor Therapeutics plc
b) LEI 98450093D12I3A8DDD58
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 the financial instrument, type of instrument Ordinary Shares of 1p each
Identification code ISIN: GB00BMWLM973
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
a) 300 pence a) 6,666
b) 300 pence b) 3,334
c) 300 pence c) 6,666
d) 300 pence d) 7,756
e) 300 pence e) 6,666
f) 300 pence f) 6,667
d) Aggregated information
- Aggregated volume 37,755
- Price 300 pence
e) Date of the transaction 4 August 2022
f) Place of the transaction XLON
Notes to Editors
About Arecor
Arecor Therapeutics plc is a globally focused biopharmaceutical group
transforming patient care by bringing innovative medicines to market through
the enhancement of existing therapeutic products. By applying our innovative
proprietary formulation technology platform, Arestat™, we are developing an
internal portfolio of proprietary products in diabetes and other indications,
as well as working with leading pharmaceutical and biotechnology companies to
deliver enhanced formulations of their therapeutic products. The Arestat™
platform is supported by an extensive patent portfolio.
For further details please see our website, www.arecor.com
(http://www.arecor.com)
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