Directors' Interest in Shares

RNS Number : 7527O

ReNeuron Group plc

22 September 2011

 



                                                      ReNeuron Group plc

Directors' Interest in Shares 

Guildford, UK, 22 September 2011: ReNeuron Group plc (LSE: RENE.L) ("ReNeuron" or "the Company") was today notified that, on 21 September 2011, Mark Docherty, a non-executive director of the Company, transferred 99,154 Ordinary Shares from his personal holding into his Self Invested Pension Plan ('SIPP').   For the purpose of the transfer, the shares were sold at 4.30p and bought by the SIPP at 4.48p on 21 September 2011.

Following the transfer, Mr Docherty's total beneficial interest remains unchanged in the Company at 219,854 ordinary ReNeuron shares, representing 0.035% of the issued share capital of the Company.

Enquiries:

Pat Huggins, Head of Finance & Company Secretary         [phone]

ReNeuron

Lisa Baderoon, Mark Court, Isabel Podda                           [phone]

Buchanan Communications

Antony Legge, Oliver Rigby                                                    [phone]

Daniel Stewart & Company plc

About ReNeuron

ReNeuron is a leading, clinical-stage stem cell business.  Its primary objective is the development of novel stem cell therapies targeting areas of significant unmet or poorly met medical need.  

ReNeuron has used its unique stem cell technologies to develop cell-based therapies for significant disease conditions where the cells can be readily administered "off-the-shelf" to any eligible patient without the need for additional immunosuppressive drug treatments.  ReNeuron's lead candidate is its ReN001 stem cell therapy for the treatment of patients left disabled by the effects of a stroke. This therapy is currently in clinical development.  The Company is also developing stem cell therapies for other conditions such as peripheral arterial disease, a serious and common side-effect of diabetes, and blindness-causing diseases of the retina.

ReNeuron has also developed a range of stem cell lines for non-therapeutic applications - its ReNcell^® products for use in academic and commercial research.  The Company's ReNcell^®CX and ReNcell^®VM neural cell lines are marketed worldwide under license by USA-based Merck Millipore.

ReNeuron's shares are traded on the London AIM market under the symbol RENE.L.  Further information on ReNeuron and its products can be found at www.reneuron.com.

This announcement contains forward-looking statements with respect to the financial condition, results of operations and business achievements/performance of ReNeuron and certain of the plans and objectives of management of ReNeuron with respect thereto. These statements may generally, but not always, be identified by the use of words such as "should", "expects", "estimates", "believes" or similar expressions. This announcement also contains forward-looking statements attributed to certain third parties relating to their estimates regarding the growth of markets and demand for products. By their nature, forward-looking statements involve risk and uncertainty because they reflect ReNeuron's current expectations and assumptions as to future events and circumstances that may not prove accurate.  A number of factors could cause ReNeuron's actual financial condition, results of operations and business achievements/performance to differ materially from the estimates made or implied in such forward-looking statements and, accordingly, reliance should not be placed on such statements.

 

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