Exercise of Options and Total Voting Rights

RNS Number : 2615C

Synairgen plc

15 October 2020

 

Synairgen plc

("Synairgen" or the "Company")

Exercise of Options and Total Voting Rights

Southampton, UK - 15 October 2020: Synairgen plc (LSE: SNG), the respiratory drug discovery and development company, announces that the Company has applied for a total of 177,300 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") to be issued and allotted pursuant to the exercise of options by Jody Brookes, PDMR, and certain other employees of the Company.

Of these new Ordinary Shares, 141,702 were exercised at a price of 1 pence by Jody Brookes and subsequent to this, the Company was notified on 15 October that on that same day, Jody Brookes sold the 141,702 Ordinary Shares at a price of 198.327 pence per Ordinary Share.

As a result of the exercise of options, application has been made for the 177,300 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on or around 21 October 2020.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following Admission, the Company's issued share capital will consist of 165,088,214 Ordinary Shares. Accordingly, the figure of 165,088,214 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 FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Synairgen plc     [phone]

Richard Marsden (Chief Executive Officer)

John Ward (Finance Director)

finnCap - Nominated Adviser and Joint Broker                                                      [phone]

Geoff Nash / Kate Bannatyne / Charlie Beeson (Corporate Finance)

Alice Lane / Sunila de Silva (ECM)

Numis - Joint Broker    [phone]

James Black / Freddie Barnfield / Duncan Monteith

Consilium Strategic Communications - Financial Media and Investor              [phone]

Relations Adviser

Mary-Jane Elliott / Sue Stuart / Olivia Manser

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

About Synairgen

Synairgen is a respiratory drug discovery and development company founded by University of Southampton Professors Sir Stephen Holgate, Donna Davies and Ratko Djukanovic. The business, focused primarily on lung viral defence in asthma, COPD and COVID-19, uses its differentiating human biology BioBank platform and world-renowned international academic KOL network to discover and develop novel therapies for respiratory disease. 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	Jody Brookes
2.	Reason for notification
a)	Position / status	Head of Clinical Operations, PDMR of the Company
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 Identification code	O ptions over o rdinary shares of 1p each GB00B0381Z20
b)	Nature of the transaction	Exercise of options over Ordinary Shares; and Sale of Ordinary Shares of 1p each
c)	Price(s) and volume(s)	Price Volume Exercise of Options 1p 141,702 Sale of Ordinary Shares 198.327p 141,702
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	15 October 2020
f)	Place of the transaction	London Stock Exchange

 

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