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Tiziana Life Sci PLC (TILS)

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Thursday 29 October, 2020

Tiziana Life Sci PLC

Exercise of Options, Issue of Equity, PDMR Dealing

RNS Number : 5436D
Tiziana Life Sciences PLC
29 October 2020
 

Tiziana Life Sciences PLC

 

("Tiziana" or "the Company")

 

Exercise of options, Issue of Equity PDMR Dealing and Total Voting Rights

 

London, New York, 29 October 2020 - Tiziana Life Sciences plc (Nasdaq: TLSA / AIM: TILS) ("Tiziana" or the "Company"), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, today announces that it has allotted and issued 426,500 ordinary shares of 3 pence each ("New Ordinary Shares") credited as fully paid at a price of 35 pence per share in respect of the exercise of 426,500 options with an exercise price of 35 pence held by option holders, including 400,000 held by Dr Kunwar Shailubhai, Chief Executive Officer and Chief Scientific Officer of the Company; 20,000 held by Vaseem Palejwala, Director of Clinical Operations of the Company and 3,500 held by Jules Jacob, Senior Director, CMC & Non-Clinical Development of the Company.

Application will be made for the 426,500 New Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 4 November 2020. The New Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

1.

Details of PDMR / person closely associated

a)

Name

(i) Dr Kunwar Shailubhai

(ii) Vaseem Palejwala

(iii) Jules Jacob

2.

Reason for the notification

a)

Position / status

(i) CEO and CSO

(ii) Director, Clinical Operations (non-board member)

(iii) Senior Director, CMC & Non-Clinical Development (non-board member)

b)

Initial notification /amendment

Initial notification

3.

Details of the issuer

a)

Name

Tiziana Life Sciences plc

b)

LEI

213800CED47HI8PIOB36

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

Ordinary Shares of 3p each

b)

Identification code of the Financial Instrument

ISIN for Tiziana Life Sciences plc: GB00BKWNZY55

c)

Nature of the transaction

Exercise of options

d)

Price(s) and volume(s)

Price

Volume

(i) Dr Kunwar Shailubhai

35p

(ii) Vaseem Palejwala

35p

(iii) Jules Jacob

35p

 

400,000

 

20,000

 

3,500

 

f)

Date of the transaction

28 October 2020

e)

Aggregated information

 - Aggregated volume

 

 - Price

 

 

 

 

426,500

 

35p

g)

Place of the transaction

XLON  

 

Total Voting Rights

In conformity with DTR 5.6.1, the Company notifies that as at the date of this announcement, it has a single class of shares in issue being Ordinary Shares and that following the issue of the New Ordinary Shares to be issued in connection with the conversion of his loan notes, the total number of Ordinary Shares in issue will be 194,612,289. There are no Ordinary Shares held in treasury. Each Ordinary Share entitles the holder to a single vote at general meetings of the Company.

The figure of 194,612,289 Ordinary Shares may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

About Tiziana Life Sciences

Tiziana Life Sciences plc is a dual listed (NASDAQ: TLSA & UK AIMS: TILS) biotechnology company that focuses on the discovery and development of novel molecules to treat human diseases in oncology, inflammation and infectious diseases. In addition to milciclib, the Company will be shortly initiating phase 2 studies with orally administered foralumab for Crohn's Disease and nasally administered foralumab for progressive multiple sclerosis. Foralumab is the only fully human anti-CD3 monoclonal antibody (mAb) in clinical development in the world. This phase II compound has potential application in a wide range of autoimmune and inflammatory diseases, such as Crohn's Disease, multiple sclerosis, type-1 diabetes (T1D), inflammatory bowel disease (IBD), psoriasis and rheumatoid arthritis, where modulation of a T-cell response is desirable. The company is accelerating development of anti-Interleukin 6 receptor (IL6R) mAb, a fully human monoclonal antibody for treatment of IL6-induced inflammation, especially for treatment of COVID-19 patients.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged the release of this information is Keeren Shah, Finance Director of Tiziana.

For further enquiries:

United Kingdom Investors:

Tiziana Life Sciences plc

Gabriele Cerrone, Chairman and founder

 

+44 (0)20 7495 2379

Cairn Financial Advisers LLP (Nominated Adviser)

Liam Murray / Jo Turner

 

+44 (0)20 7213 0880

Optiva Securities Limited (Broker)

Robert Emmet

 

+ 44 (0)20 3981 4173

 

United States Investors:

 

Dave Gentry

RedChip Companies Inc.

 

Office 1 800 RED CHIP (733 2447)

Cell 407-491-4498 (USA)

[email protected]

 

 

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