Exercise of Options & Director's Dealing
Updated : 07:04
OptiBiotix Health plc
("OptiBiotix" or the "Company")
Exercise of Options, Director's Dealing and Issue of Equity
OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, received notification on Friday 5 October 2018 for the exercise of options over 357,722 ordinary shares in the Company at an exercise price of 20p per share providing the Company with proceeds of £71,554.
The option holder, Dr Gareth Barker, a Non-executive Director of the Company, has undertaken not to dispose of the 357,722 ordinary shares for twelve months. Dr Barker has further agreed that he will only dispose of shares through the Company's broker. After the twelve month period, the undertaking will no longer be in place.
Application will be made to the London Stock Exchange to admit the 357,722 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 11 October 2018. The new ordinary shares will rank pari passu with the existing ordinary shares.
For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 84,724,363 ordinary shares of 2p each. There are no ordinary shares held in treasury. The above figure 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 Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 and the person who arranged for release of this announcement on behalf of the Company was Mark Collingbourne, Chief Financial Officer.
For further information, please contact:
OptiBiotix Health plc | |||
Stephen O'Hara, Chief Executive | Contact via Walbrook below | ||
Cairn Financial Advisers LLP | Tel: 020 7213 0880 | ||
Liam Murray / Jo Turner | |||
finnCap (Broker) | Tel: 020 7220 0500 | ||
Adrian Hargrave / Scott Mathieson / Kate Bannatyne (Corporate Finance) | |||
Abigail Wayne (Corporate Broking) | |||
Walbrook PR Ltd | Tel: 020 7933 8780 or optibiotix@walbrookpr.com | ||
Anna Dunphy | Mob: 07876 741 001 | ||
About OptiBiotix - www.optibiotix.com
OptiBiotix was formed in March 2012 to develop compounds which modify the human microbiome - the collective genome of the microbes in the body - to prevent and manage human disease.
The aim of OptiBiotix is to discover and develop microbial strains, compounds and formulations, which modulate the human microbiome and can be used as food ingredients and supplements or active compounds for the prevention and management of human metabolic diseases, examples of which include obesity, cholesterol and lipid distribution and diabetes.
OptiBiotix has established a pipeline of microbiome modulators that can impact on lipid and cholesterol management, energy harvest and appetite suppression. The development pipeline is fuelled by its proprietary OptiScreen® and OptiBiotic® platform technologies designed to identify metabolic pathways and compounds that impact on human physiology and bring potential health benefits.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Dr Gareth Barker | |||||
2 | Reason for notification | ||||||
a. | Position/Status | Non-executive Director 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 | OptiBiotix Health Plc | |||||
b. | LEI | 213800UKYQFT941QHS14 | |||||
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 |
ISIN: GB00BP0RTP38 | |||||
b. | Nature of the transaction | Exercise of options to purchase ordinary shares of the Company. Following the transaction, Dr Gareth Barker has an interest in 357,722 ordinary shares. | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) per share | Volume(s) | ||||||
20p | 357,722 | ||||||
| |||||||
d. | Aggregated information
- Aggregated Volume
- Price |
357,722
20p | |||||
e. | Date of the transaction | 5 October 2018 | |||||
f. | Place of the transaction | London Stock Exchange, AIM | |||||
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