OXFORD BIODYNAMICS PLC — Director's Dealing 2017

Dec 13, 2017

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RNS Number : 1899Z

Oxford BioDynamics PLC

13 December 2017

Oxford BioDynamics Plc

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

Exercise period extension of existing Share Options

13 December 2017, Oxford BioDynamics Plc ("OBD" or the "Company"), a biotechnology company focused on the discovery and development of epigenetic biomarkers based on regulatory genome architecture, for use within the pharmaceutical and biotechnology industry, announces an amendment to the exercise period for certain options over ordinary shares granted under its 2008 Share Option Scheme.

As disclosed in the Company's AIM Admission Document dated 1 December 2016 (Part 7, paragraph 10.3 and 10.4) ("Admission Document"), EMI ("EMI Options") and non-EMI ("Non-EMI Options") share options were granted to, amongst others, certain founders of the Company, being Christian Hoyer Millar (Chief Executive Officer and a Director), Dr. Alexandre Akoulitchev (Chief Scientific Officer and a Director) and Dr. Aroul Ramadass (Chief Technology Officer and a PDMR) on 16 July 2008 as well as to Alison Kibble (Non-Executive Director) on 31 October 2008, under the terms of the 2008 share option scheme ("2008 Plan"), as shown in the following table:

Optionholder	Date of Grant	EMI Options	Non-EMI Options	Total Options	Exercise Price (pence)
Christian Hoyer Millar	16 July 2008	-	1,730,742	1,730,742	34.0
Alexandre Akoulitchev	16 July 2008	346,152	1,096,131	1,442,283	34.0
Aroul Ramadass	16 July 2008	346,152	1,096,131	1,442,283	34.0
Alison Kibble	31 October 2008	-	135,000	135,000	34.0

The Company also has in place the 2016 Share Option Plan ("2016 Plan").  No awards of options either under the 2016 Plan or otherwise have been made to any of the individuals listed above since the Company's Admission to trading on AIM on 6 December 2016.   The Company confirmed its intention in the Admission Document that no new options would be granted under the 2008 Plan and any future options would be granted under the 2016 Plan and the Company re-affirms that intention.

In order to ensure the continued alignment of the interests of shareholders and the option holders, in light of the liquidity of the Company's shares, the independent directors of the Company have approved an extension of the exercise period of the Non-EMI Options.  The Non-EMI Options were due to expire on 31 December 2017 unless exercised prior to that date but will now expire on 31 December 2022.  All other terms and conditions relating to the Non-EMI Options, including the exercise price, remain unchanged.  The exercise period of the EMI Options will not be amended.

The change to the expiry date of the Non-EMI Options is notifiable pursuant to the EU Market Abuse Regulation.  Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below:

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Christian Hoyer Millar

2

Reason for the notification

a)

Position/status 

Chief Executive Officer/Director

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

Extension of expiry date of grant of options over ordinary shares to 31 December 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	1,730,742

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

13 December 2017

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr Alexandre Akoulitchev

2

Reason for the notification

a)

Position/status 

Chief Scientific Officer/Director

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

Extension of expiry date of grant of options over ordinary shares to 31 December 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	1,096,131

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

13 December 2017

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr Aroul Ramadass

2

Reason for the notification

a)

Position/status 

Chief Technology Officer/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

Extension of expiry date of grant of options over ordinary shares to 31 December 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	1,096,131

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

13 December 2017

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Alison Kibble

2

Reason for the notification

a)

Position/status 

Non-Executive Director

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

Extension of expiry date of grant of options over ordinary shares to 31 December 2022

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	135,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

13 December 2017

f)

Place of the transaction

Outside a trading venue

For further details contact:

Oxford BioDynamics Plc		+44 (0)1865 518910
Christian Hoyer Millar, CEO
Paul Stockdale, CFO
Stifel Nicolaus Europe Limited		+44 (0)20 7710 7600
Nominated Advisor and Broker
David Arch
Jonathan Senior
Peter Lees
Ben Maddison
Shore Capital		+44 (0)20 7408 4090
Joint Broker
Stephane Auton
Edward Mansfield
FTI Consulting		+44 (0)20 3727 1000
Financial Public Relations Advisor
Julia Phillips
Brett Pollard
Natalie Garland-Collins

Notes for Editors

About Oxford BioDynamics Plc

Oxford BioDynamics Plc (AIM: OBD) ("Oxford BioDynamics") is a revenue‐generating biotechnology company focused on the discovery and development of epigenetic biomarkers for use within the pharmaceutical and biotechnology industry. 

The Company's award-winning, proprietary technology platform, EpiSwitch™, aims to accelerate the drug discovery and development process, improve the success rate of therapeutic product development and take advantage of the increasing importance of personalised medicine. 

In particular, EpiSwitch™ can reduce time to market, failure rates and the costs at every stage of drug discovery.  Additionally, the technology provides significant insights into disease mechanisms for drug discovery and product re‐positioning programmes, and enables the personalisation of therapeutics for patients in the context of challenging pricing environments where improved clinical outcomes are critical.

Oxford BioDynamics is headquartered in the UK, and listed on the London Stock Exchange's AIM under the ticker "OBD".  For more information please visit www.oxfordbiodynamics.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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