Fusion Antibodies PLC Exercise of share options and total voting rights (7950V)
December 16 2021 - 1:59AM
UK Regulatory
TIDMFAB
RNS Number : 7950V
Fusion Antibodies PLC
16 December 2021
16 December 2021
Fusion Antibodies plc
("Fusion" or the "Company")
Exercise of share options and total voting rights
Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical
antibody discovery, engineering and supply for both therapeutic
drug and diagnostic applications, announces an exercise of share
options in the Company ("Ordinary Shares") by Sonya Ferguson,
Non-Executive Director of the Company.
On 15 December 2021, Sonya Ferguson exercised 25,000 share
options. These historic share options were granted prior to the
Company's admission to trading on AIM and with an exercise price of
4 pence per share. The new Ordinary Shares issued pursuant to this
exercise will be admitted to trading on AIM pursuant to the Block
Admission announced by the Company on 27 September 2021. The
notification below, made in accordance with the requirements of the
UK Market Abuse Regulation, provides further detail.
Following the above exercise of 25,000 share options, Sonya
Ferguson holds 92,567 Ordinary Shares, representing approximately
0.35 per cent. of the Company's enlarged issued share capital.
Following the exercise of share options, the total number of
Ordinary Shares in issue is now 25,963,280. The Company does not
currently hold any Ordinary Shares in treasury. Therefore, the
total number of voting rights in the Company is 25,963,280, which
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
FCA's Disclosure Guidance and Transparency Rules .
The following notification, made in accordance with the
requirements of the UK Market Abuse Regulation, gives further
details.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sonya Ferguson
--------------------------- ----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Non-Executive Director
--------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Fusion Antibodies plc
--------------------------- ----------------------------------------------
b) LEI 213800KBAYRC9VOQ9V39
--------------------------- ----------------------------------------------
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 Ordinary shares of 4p each in Fusion
financial instrument, Antibodies plc
type of instrument Identification code (ISIN) for Fusion
Identification code Antibodies plc ordinary shares: GB00BDQZGK16
--------------------------- ----------------------------------------------
b) Nature of the transaction Exercise of share options
--------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.04 25,000
----------
--------------------------- ----------------------------------------------
d) Aggregated information
--------------------------- ----------------------------------------------
- Aggregated volume 25,000
-------------------------------- ----------------------------------------------
- Price GBP0.04
-------------------------------- ----------------------------------------------
e) Date of the transaction 15 December 2021
--------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ----------------------------------------------
Enquiries:
Fusion Antibodies plc www.fusionantibodies.com
Richard Jones, Chief Executive Officer Via Walbrook PR
James Fair, Chief Financial Officer
Allenby Capital Limited Tel: +44 (0)20 3328 5656
James Reeve / Vivek Bhardwaj (Corporate
Finance)
Tony Quirke (Sales and Corporate Broking)
Walbrook PR Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com
Anna Dunphy Mob: +44 (0)7876 741 001
Paul McManus Mob: +44 (0)7980 541 893
About Fusion Antibodies plc
Fusion is a Belfast based contract research organisation ("CRO")
providing a range of antibody engineering services for the
development of antibodies for both therapeutic drug and diagnostic
applications.
The Company's ordinary shares were admitted to trading on AIM on
18 December 2017. Fusion provides a broad range of services in
antibody generation, development, production, characterisation and
optimisation. These services include antigen expression, antibody
production, purification and sequencing, antibody humanisation
using Fusion's proprietary CDRx (TM) platform and the production of
antibody generating stable cell lines to provide material for use
in clinical trials. Since 2012, the Company has successfully
sequenced and expressed over 250 antibodies and successfully
completed over 200 humanisation projects and has an international,
blue-chip client base, which has included eight of the top 10
global pharmaceutical companies by revenue.
The Company was established in 2001 as a spin out from Queen's
University Belfast. The Company's mission is to enable
pharmaceutical and diagnostic companies to develop innovative
products in a timely and cost-effective manner for the benefit of
the global healthcare industry. Fusion Antibodies provides a broad
range of services in antibody generation, development, production,
characterisation and optimisation.
Fusion Antibodies growth strategy is based on combining the
latest technological advances with cutting edge science to deliver
new platforms that will enable Pharma and Biotech companies get to
the clinic faster, with the optimal drug candidate and ultimately
speed up the drug development process.
The global monoclonal antibody therapeutics market was valued at
$135.4 billion in 2018 and is forecast to surpass $212.6 billion in
2022, an increase at a CAGR of 12.0 per cent. for the period 2018
to 2022. In 2017, seven of the world's ten top selling drugs were
antibody-based therapeutics with the combined annual sales of these
drugs exceeding $63.2 billion.
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