Director's Dealings

RNS Number : 2844W

Retroscreen Virology Group PLC

06 November 2014

 



For immediate release 07.00: 6 November 2014

RETROSCREEN VIROLOGY GROUP PLC

("Retroscreen" or the "Company")

DIRECTOR'S DEALINGS

Retroscreen Virology Group plc (AIM: RVG), the pioneer of hVIVO human models of disease, announces that application has been made to AIM for the admission of 5,423 new ordinary shares of 5.0p each (the "New Ordinary Shares").

The New Ordinary Shares have been allotted pursuant to the purchase by Jaime Ellertson, Chairman of the Company, of new ordinary shares under the terms of Mr Ellertson's letter of appointment as set out in the Company's announcement of 4 November 2014.

As set out in the Company's announcement of 4 November 2014, at the time of his appointment to the Retroscreen Board Mr Ellertson entered into a binding commitment to purchase $20,000 of new Retroscreen shares per quarter and the New Ordinary Shares represent his investment for the period from joining the Board on 11 June 2014 to 30 June 2014 and the quarter ended 30 September 2014.

Following admission of the 5,423 New Ordinary Shares to trading on AIM, the total number of ordinary shares with voting rights in issue will be 67,652,321 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Admission of the New Ordinary Shares ("Admission"), which will rank pari passu in all respects with the Company's existing shares in issue, is expected to occur on 7 November 2014. Following Admission, Mr Ellertson will be interested in a total of 5,423 ordinary shares of 5.0p each in the Company, representing less than 0.1% of the Company's issued share capital.

For further information please contact:

Retroscreen Virology Group plc                                                            [phone]

Kym Denny (CEO)

Graham Yeatman (FD)

Media Enquiries                                                          [phone] / [phone]

Colin Paterson (Director of Marketing, Communication and Public Relations)

Numis Securities Limited                                                                      [phone]

Michael Meade / Freddie Barnfield (Nominated Adviser)

James Black / Michael Burke (Corporate Broking)

Notes to Editors:

Retroscreen Virology Group plc ("Retroscreen") is a rapidly growing life sciences company based in the UK pioneering a technology platform called hVIVO which uses human models of disease involving healthy volunteers to discover and study new drugs and diagnostics. To date, Retroscreen has conducted over 35 clinical studies, involving more than 1800 volunteers for a range of leading industry, governmental and academic clients.

 

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