Graft Polymer (UK) PLC Director Share Purchase (8595L)
May 18 2022 - 2:05AM
UK Regulatory
TIDMGPL
RNS Number : 8595L
Graft Polymer (UK) PLC
18 May 2022
This announcement contains inside information for the purposes
of Article 7 of EU Regulation No. 596/2014, which forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).
18 May 2022
Graft Polymer (UK) Plc
("Graft Polymer", the "Company", and together with its
subsidiaries, the "Group")
Director Share Purchase
Graft Polymer (UK) Plc (LSE: GPL), a business focused on the
development of polymer modification, biological supplements and
drug delivery systems, announces that on 17 May 2022 Sputnik
Enterprises Limited, a company in which Roby Zomer, the
Non-Executive Chairman of Graft Polymer, holds a 50% beneficial
interest, acquired 462,500 Ordinary Shares at an average price of
16.0054 pence per Ordinary Share. Following this acquisition of
shares, Roby Zomer has a total beneficial interest in 6,326,510
Ordinary Shares(*) , representing approximately 6.08% of the total
issued share capital of the Company.
* 4 ,576,163 Ordinary Shares are held in the name of Chitta Lu
Limited and 1,750,347 Ordinary Shares are held in the name of
Sputnik Enterprises Limited which Mr. Zomer has a 50% beneficial
interest in
For more information, please visit https://www.graftpolymer.com
or contact:
Graft Polymer (UK) Plc via Tavistock
Roby Zomer, Chairman
Yifat Steuer, CFO
Turner Pope Investments (Broker) +44 20 3657 0050
James Pope
Andy Thacker
Tavistock (Public Relations) +44 207 920 3150
Heather Armstrong graftpolymer@tavistock.co.uk
Katie Hopkins
About Graft Polymer
Graft Polymer is a UK incorporated holding company with an
innovative research and manufacturing facility, based in Slovenia.
The core business of the Group comprises polymer modification and
drug delivery systems developments. Established in 2017, the Group
has already introduced more than 50 products to the market.
The Group has developed a proprietary set of polymer
modification technologies, which can improve existing products and
processing methodologies by enhancing performance, simplifying
manufacturing, reducing material consumption, widening the choice
of feedstocks, and reducing costs.
In particular, the Group's techniques allow the combination of
otherwise incompatible polymers, facilitating the creation of
polymer composites engineered at a molecular level, that combine
the attractive properties of different input materials. This
enables customers to receive a synergism of properties in polymer
composites.
The solutions and products offered by the Group are designed to
improve performance, reduce raw materials consumption, and enhance
the physical characteristic values of finished products or improve
or modify their chemical interaction. In the past several years,
there has been increased emphasis by the industry as a whole on
applications of grafted polymers, which are produced by monomers
being covalently bonded and polymerised as side chains onto the
main polymer chain (the backbone).
In 2020, the Group launched a new division named GraftBio to
develop IP for Bio/Pharma applications. This includes a drug
delivery system to support and provide solutions to the market,
which had been heavily impacted by the COVID-19 pandemic. The
GraftBio division has been granted HACCP certification for its
production facility. The Group has developed a set of drug delivery
platforms that enable it to licence its DDS platform (IP) to MGC
Pharmaceuticals Limited ("MGC"; LSE: MXC) in relation to MGC's
CimetrA(TM) and CannEpil-IL(TM) products. The Group expects to
receive royalty payments resulting from the sale by MGC of
CimetrA(TM) and CannEpil-IL(TM) products.
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END
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