PDMR Dealing / Grant of Share Options

Oxford BioDynamics PLC

23 October 2023

 

Oxford BioDynamics Plc

("OBD" or the "Company" and, together with its subsidiaries, the "Group")

PDMR Dealing / Grant of Share Options

23 October 2023 - Oxford BioDynamics Plc (AIM: OBD, the Company), a biotechnology company developing precision medicine tests for immune health based on the EpiSwitch® 3D genomics platform, announces that it has granted a total of 2,500,500 options over its ordinary shares of 1 pence each ("Ordinary Shares"), to Group employees, including certain directors and PDMRs of the Company, as outlined in the table below.

The options were granted under the Company's 2016 Employee Share Option Plan with an exercise price of 34p per share, being the closing share price on 19 October 2023, the day immediately preceding the grant of the options. Prior to the grant, Chief Financial Officer Paul Stockdale surrendered 50,000 share options originally awarded in 2018.

The newly-granted options will vest in three equal tranches on the first, second and third anniversaries of the date of grant. Vested options will remain exercisable up to and including the tenth anniversary of the date of grant.

Following this grant, the individuals referred to above hold options over Ordinary Shares and are interested in Ordinary Shares as follows:

	New options granted	Total number of options over Ordinary Shares	Ordinary Shares held
			Number	% of current issued share capital
Alexandre Akoulitchev, Chief Scientific Officer	250,000	1,596,131	6,603,082	3.26%
Paul Stockdale, Chief Financial Officer	250,000	1,050,000	331,818	0.23%
Matthew Wakefield, Non Executive Chairman	150,000	400,000	1,022,727	0.70%
David Holbrook, Non Executive Director	75,000	115,000	-	-
David Blum, SVP of Marketing	250,000	462,500	75,000	0.04%
Thomas Guiel, Chief Operations Officer	250,000	650,000	365,000	0.25%
Ewan Hunter, Chief Data Officer	250,000	750,000	136,363	0.09%

The notifications below, made in accordance with the requirements of UK Market Abuse Regulation, provide further details:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alexandre Akoulitchev
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	250,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Blum
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	250,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Thomas Guiel
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	250,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Holbrook
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	75,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ewan Hunter
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	250,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul Stockdale
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Surrender and grant of share options
c)	Price(s) and volume(s)	Options over 50,000 ordinary shares at an exercise price of £1.70 per share cancelled Options over 250,000 ordinary shares at an exercise price of 34 pence per share granted
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	19, 20 October 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matthew Wakefield
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Oxford BioDynamics Plc
b)	LEI	2138005Y1TK258O5U928
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 Identification code	Ordinary Shares of 1 pence each ISIN:   GB00BD5H8572
b)	Nature of the transaction	Grant of share options
c)	Price(s) and volume(s)	150,000 ordinary shares at an exercise price of 34 pence per share
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 October 2023
f)	Place of the transaction	Outside a trading venue

-Ends-

For further details please contact:

Oxford BioDynamics Plc Jon Burrows, CEO Paul Stockdale, CFO	Tel: [phone]
Shore Capital - Nominated Adviser and Broker Stephane Auton / Iain Sexton	Tel: [phone]
Instinctif Partners Melanie Toyne-Sewell / Rozi Morris Adam Loudon / Jack Kincade	Tel: [phone] [e-mail]

Notes for Editors

About Oxford BioDynamics Plc

Oxford BioDynamics Plc (AIM: OBD) is a global biotechnology company, advancing personalized healthcare by developing and commercializing precision medicine tests for life-changing diseases.

Its flagship products are the EpiSwitch® CiRT (Checkpoint Inhibitor Response Test) and EpiSwitch® PSE (EpiSwitch Prostate Screening test) blood tests. CiRT is a predictive immune response profile for immuno-oncology (IO) checkpoint inhibitor treatments, launched in February 2022. PSE is a blood test that boosts the predictive accuracy of a PSA test from 55% to 94% when testing the presence or absence of prostate cancer, which has been launched in the US and UK in September 2023.

In March 2021, the Company launched its first commercial prognostic test, EpiSwitch® CST (Covid Severity Test) and the first commercially available microarray kit for high-resolution 3D genome profiling and biomarker discovery, EpiSwitch® Explorer Array Kit, which is available for purchase by the life science research community.

The Company's product portfolio is based on a proprietary 3D genomic biomarker platform, EpiSwitch®, which can build molecular diagnostic classifiers for the prediction of response to therapy, patient prognosis, disease diagnosis and subtyping, and residual disease monitoring in a wide range of indications.

Oxford BioDynamics has participated in more than 40 partnerships with big pharma and leading institutions including Pfizer, EMD Serono, Genentech, Roche, Biogen, Mayo Clinic, Massachusetts General Hospital and Mitsubishi Tanabe Pharma.

The Company has created a valuable technology portfolio, including biomarker arrays, molecular diagnostic tests, bioinformatic tools for 3D genomics and an expertly curated 3D genome knowledgebase comprising hundreds of millions of data points from over 15,000 samples in more than 30 human diseases.

OBD is headquartered in Oxford, UK and is listed on AIM of the London Stock Exchange. It also has a commercial office in Gaithersburg and a clinical laboratory in Frederick, MD, USA, and a reference laboratory in Penang, Malaysia.

For more information, please visit the Company's website, www.oxfordbiodynamics.com, or follow OBD on Twitter (@OxBioDynamics) and LinkedIn.

About EpiSwitch®

The 3D configuration of the genome plays a crucial role in gene regulation. By mapping this architecture and identifying abnormal configurations, EpiSwitch® can be used to diagnose patients or determine how individuals might respond to a disease or treatment.

Built on over 10 years of research, EpiSwitch® is Oxford Biodynamics' award-winning, proprietary platform that enables screening, evaluation, validation and monitoring of 3D genomic biomarkers. The technology is fully developed, based on testing of over 15,000 samples in 30 disease areas, and reduced to practice.

In addition to stratifying patients with respect to anticipated clinical outcomes, EpiSwitch® data offer insights into systems biology and the physiological manifestation of disease that are beyond the scope of other molecular modalities. The technology has performed well in academic medical research settings and has been validated through its integration in biomarker discovery and clinical development with big pharma.

 

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