REG - Redx Pharma plc - Share Purchases by PDMR’s

Redx PharmaAnnouncement

30/04/2024 07:00

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RNS Number : 4972M  Redx Pharma plc  30 April 2024

REDX PHARMA PLC

 

("Redx" or the "Company")

 

Share Purchases by PDMR's

Alderley Park, UK, 30 April 2024 Redx (AIM:REDX), the clinical-stage
biotechnology company focused on discovering and developing novel, small
molecule, targeted therapeutics for the treatment of fibrotic disease and
cancer today announces that it has been notified that Peter Collum, Chief
Financial Officer and Claire Solk, General Counsel, both of whom are classed
as persons discharging managerial responsibility ("PDMR's") under EU
Regulation 596/2014 as it forms part of domestic law in the United Kingdom by
virtue of the European Union (Withdrawal) Act 2018 have on 26 and 29 April
2024 acquired 267,108 Redx ordinary shares as follows:

 

 Name          Position                 Shares purchased  Weighted average price  Total shares held following the purchase  % of the issued share capital
 Peter Collum  Chief Financial Officer  95,000            10.08p                  95,000                                    0.02%
 Claire Solk   General Counsel          172,108           11.74p                  172,108                                   0.04%

 

Further information on the purchase is contained within the disclosure tables
below.

 

 For further information, please contact:

 Redx Pharma Plc                                                     T: +44 (0)1625 469 918

 UK Headquarters

 Caitlin Pearson, Head of Communications

 ir@redxpharma.com (mailto:ir@redxpharma.com)

 SPARK Advisory Partners (Nominated Adviser)                         T: +44 (0)203 368 3550
 Matt Davis/ Adam Dawes

 Panmure Gordon (UK) Limited (Broker)                                T: +44 (0)207 886 2500
 Rupert Dearden/ Freddy Crossley/ Emma Earl

 FTI Consulting                                                      T: +44 (0)203 727 1000
 Simon Conway/ Ciara Martin

 

 

About Redx Pharma Plc

 

Redx Pharma (AIM: REDX) is a clinical-stage biotechnology company focused on
the discovery and development of novel, small molecule, targeted therapeutics
for the treatment of fibrotic disease, cancer and the emerging area of
cancer-associated fibrosis. Redx aims to progress its programmes to clinical
proof of concept before evaluating options for further development and
potential value creation. The Company expects a number of data points during
2024 including from lead fibrosis product candidate, the selective ROCK2
inhibitor, zelasudil (RXC007), in development for interstitial lung disease
and currently undertaking a Phase 2a trial for idiopathic pulmonary fibrosis
(IPF). The Company's second fibrosis candidate, RXC008, a GI-targeted ROCK
inhibitor for the treatment of fibrostenotic Crohn's disease, is in Phase 1
development and is expected to report healthy volunteer data; and Redx's lead
oncology product candidate, the Porcupine inhibitor zamaporvint (RXC004),
being developed as a targeted treatment for Wnt-ligand dependent cancers, is
expected to report anti-PD-1 combination Phase 2 data, following which Redx
will seek a partner for ongoing development.

 

The Company has a strong track record of discovering new drug candidates
through its core strengths in medicinal chemistry and translational science,
enabling the Company to discover and develop differentiated therapeutics
against biologically or clinically validated targets. The Company's
accomplishments are evidenced not only by its wholly-owned clinical-stage
product candidates and discovery pipeline, but also by its strategic
transactions, which includes the sale of pirtobrutinib (RXC005, LOXO-305), the
only non-covalent or reversible BTK inhibitor now approved by the US FDA, and
transactions with both AstraZeneca and Jazz Pharmaceuticals.

 

To subscribe to Email Alerts from Redx, please visit:
www.redxpharma.com/investor-centre/email-alerts/
(http://www.redxpharma.com/investor-centre/email-alerts/) .

 

 

 

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                                                         Peter Collum

 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                                                         Redx Pharma plc

 b)  LEI                                                          213800HMS4EBXO589Y37

 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 1 pence each in Redx Pharma plc

     Identification code

                                                                  ISIN for Redx Pharma plc Ordinary Shares:

                                                                  GB00BSNB6S51

 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Prices(a) and volume(s)

Purchase Price per Ordinary Share  Volume

                                                                  8.5 pence                          45,000 Ordinary Shares

 

 d)  Aggregated information

     - Aggregated volume                                          45,000

     - Price                                                       8.5p
 e)  Date of the transaction                                       26 April 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

45,000

 8.5p

e)

Date of the transaction

 26 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 1.  Details of the person discharging managerial responsibilities (PDMR) / person
     closely associated
 a)  Name                                                         Peter Collum

 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                                                         Redx Pharma plc

 b)  LEI                                                          213800HMS4EBXO589Y37

 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 1 pence each in Redx Pharma plc

     Identification code

                                                                  ISIN for Redx Pharma plc Ordinary Shares:

                                                                  GB00BSNB6S51

 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Prices(a) and volume(s)                                      Purchase Price per Ordinary Share  Volume

                                                                  11.5 pence                         50,000 Ordinary Shares
 d)  Aggregated information

     - Aggregated volume                                          50,000

     - Price                                                      11.5p
 e)  Date of the transaction                                      29 April 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

- Aggregated volume

- Price

 

50,000

11.5p

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

 1.  Details of the person discharging managerial responsibilities (PDMR) / person
     closely associated
 a)  Name                                                         Claire Solk

 2.  Reason for the notification
 a)  Position / status                                            General Counsel

 b)  Initial notification / Amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Redx Pharma plc

 b)  LEI                                                          213800HMS4EBXO589Y37

 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 1 pence each in Redx Pharma plc

     Identification code

                                                                  ISIN for Redx Pharma plc Ordinary Shares:

                                                                  GB00BSNB6S51

 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Prices(a) and volume(s)                                      Purchase Price per Ordinary Share  Volume

                                                                  11.75 pence                        170,204 Ordinary Shares
                                                                  10.50 pence                        1,904 Ordinary shares
 d)  Aggregated information

     - Aggregated volume                                          172,108

     - Price                                                       11.74p
 e)  Date of the transaction                                      29 April 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

Aggregated information

- Aggregated volume

- Price

 

172,108

 11.74p

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

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