Eden Research plc Director/PDMR Shareholding (3775W)
April 16 2019 - 7:43AM
UK Regulatory
TIDMEDEN
RNS Number : 3775W
Eden Research plc
16 April 2019
16 April 2019
Eden Research plc
("Eden" or "Company)
Director/PDMR Shareholding
Eden Research plc (AIM: EDEN), the AIM listed company that
develops and supplies breakthrough biopesticide products and
natural microencapsulation technologies to the global crop
protection, animal health and consumer products industries,
announces that Alex Abrey, CFO, has purchased 50,000 ordinary
shares of 1 pence each in the Company ("Ordinary Shares") at a
price of 10.1p per Ordinary Share and Sean Smith, CEO, has
purchased 126,624 Ordinary Shares at an average price of 10.25p per
Ordinary Share.
Following the transactions outlined above, Mr Abrey is
interested in 1,152,824 Ordinary Shares representing 0.56 per cent.
of the Company's issued share capital and Mr Smith is interested in
433,393 Ordinary Shares representing 0.21 per cent. of the
Company's issued share capital.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
details of the PDMR dealings set out above.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mr Alex Abrey
------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------------------------------- ------------------------------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------------------------
a) Name Eden Research plc
------------------------------------------------------- ------------------------------------------------------
b) LEI 213800ZWTYTVQQSM3J85
------------------------------------------------------- ------------------------------------------------------
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 Ordinary shares of 1 pence each in the Company
instrument ("Ordinary Shares")
Identification code GB0001646941
------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------------------------- ------------------------------------------------------
Price(s) Volume(s)
10.1 pence per 50,000 Ordinary
share Shares
c) Price(s) and volume(s) ----------------
------------------------------------------------------- ------------------------------------------------------
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
------------------------------------------------------- ------------------------------------------------------
e) Date of the transaction 16/04/2019
------------------------------------------------------- ------------------------------------------------------
f) Place of the transaction LSE, AIM Market (XLON)
------------------------------------------------------- ------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mr Sean Smith
------------------------------------------------------- ------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------- ------------------------------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------------------- ------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
---------------------------------------------------------------------------------------------------------------
a) Name Eden Research plc
------------------------------------------------------- ------------------------------------------------------
b) LEI 213800ZWTYTVQQSM3J85
------------------------------------------------------- ------------------------------------------------------
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 Ordinary shares of 1 pence each in the Company
instrument ("Ordinary Shares")
Identification code GB0001646941
------------------------------------------------------- ------------------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------------------------- ------------------------------------------------------
Price(s) Volume(s)
10.1 pence per 49,504 Ordinary
share Shares
c) Price(s) and volume(s) 10.25 pence per 48,663 Ordinary
share Shares
10.5 pence per 28,457 Ordinary
share Shares
-----------------
------------------------------------------------------- ------------------------------------------------------
d) Aggregated information
- Aggregated volume
126,624 Ordinary Shares
- Price
10.25 pence per share
------------------------------------------------------- ------------------------------------------------------
e) Date of the transactions 16/04/2019
------------------------------------------------------- ------------------------------------------------------
f) Place of the transactions LSE, AIM Market (XLON)
------------------------------------------------------- ------------------------------------------------------
For further information contact:
Eden Research plc www.edenresearch.com
Sean Smith
Alex Abrey 01285 359 555
Shore Capital (Nomad) 020 7408 4090
Stephane Auton / Patrick Castle
Powerscourt (Financial PR) 020 7250 1446
Nick Dibden eden@powerscourt-group.com
Jana Tsiligiannis
Notes:
Eden Research is a technology development and commercialisation
company with intellectual property and expertise in encapsulation,
terpenes and environmentally friendly technologies to provide
naturally occurring solutions for the global agrochemicals, animal
health, and consumer products industries.
Eden's encapsulation technology harnesses the biocidal efficacy
of naturally occurring chemicals produced by plants (terpenes) and
can also be used with both natural and synthetic compounds to
enhance their performance and ease-of-use. The technology uses
yeast cells that are a by-product of numerous commercial production
processes to deliver a slow release of natural compounds for
agricultural and non-agricultural uses. Terpenes are already widely
used in the food flavouring, cosmetics and pharmaceutical
industries.
Historically, terpenes have had limited commercial use in the
agrochemical sector due to their volatility, phytotoxicity and poor
solubility. Eden's platform encapsulation technology provides a
unique, environmentally friendly solution to these problems and
enables terpenes to be used as effective, low-risk
agrochemicals.
Eden is developing these technologies through innovative
research and a series of commercial production, marketing and
distribution partnerships.
The Company has a number of patents and a pipeline of products
at differing stages of development targeting specific areas of the
global agrochemicals industry. To date, the Company has invested in
the region of GBP13m in developing and protecting its intellectual
property and seeking regulatory approval for products that rely
upon the Company's technologies. Revenues earned by the Company
have been modest whilst the Company has concentrated on securing
patent protection for its intellectual property, gaining regulatory
approvals, identifying suitable industrial partners, and entering
into commercial agreements.
In May 2013, the three actives that comprise Eden's first
commercial product, 3AEY, were approved as new ingredients for use
in plant protection products. This represented a major milestone in
the commercialisation of Eden's technology and is a significant
accomplishment for any company. To illustrate this point, one
should note that in all of 2013, Eden's approvals represented 3 of
only 10 new active ingredients approved by the EC.
3AEY has been authorised for sale in Kenya, Malta, Greece,
Bulgaria, Spain, Italy, France, Cyprus, Albania and Portugal.
Eden was admitted to trading on AIM on 11 May 2012 and trades
under the symbol EDEN.
For more information about Eden, please visit:
www.edenresearch.com.
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END
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