TIDMMXC

RNS Number : 0035Z

MGC Pharmaceuticals Limited

10 May 2023

MGC Pharmaceuticals Ltd.

PDMR Notification

10 May 2023

ASX, LSE: MXC

MGC Pharmaceuticals Ltd ('MGC Pharma' or 'the Company') wishes to advise that the following Persons Discharging Managerial Responsibilities (PDMR) have dealt with shares in MGC Pharma, and this notification is made in accordance the UK Market Abuse Regulations.

The shares subject of this notice were issued to the PDMR as part of their working contracts and as consideration for services rendered in lieu of cash payments. In addition to the issue, there was also a disposal of shares by one PDMR.

Following the issue of these shares, the Company has 3,349,692,950 ordinary shares in issue, each with one voting right. Therefore, the Company's total number of ordinary shares in issue and voting rights is 3,349,692,950 and this 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 FCA's Disclosure Guidance and Transparency Rules.

 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Amir Polak 
       ---------------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------------- 
 (a)    Position                                 Chief Pharmaceutical Development 
                                                  Officer 
       ---------------------------------------  ----------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ----------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------- 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ----------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Disposal of shares 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
       AUD                        $0.008           500,000            $4,000 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                   $0.008           500,000            $4,000 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      1. 2023-05-04 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Australian Stock Exchange 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
            AUD                  $0.0107          7,209,112           $77,137 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                  $0.0107          7,209,112           $77,137 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ----------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Itay Nissim 
       ---------------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------------- 
 (a)    Position                                 Chief Manufacturing and Supply 
                                                  Chain Officer 
       ---------------------------------------  ----------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ----------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------- 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ----------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
       AUD                       $0.0107          6,946,963           $74,333 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                  $0.0107          6,946,963           $74,333 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ----------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Robert Clements 
       ---------------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------------- 
 (a)    Position                                 Chief Commercial Officer 
       ---------------------------------------  ----------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ----------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------- 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ----------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
       AUD                       $0.0107          7,537,673           $80,653 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                  $0.0107          7,537,673           $80,653 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ----------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Tom Cairns 
       ---------------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------------- 
 (a)    Position                                 Chief Accounting Officer 
       ---------------------------------------  ----------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ----------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------- 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ----------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
       AUD                       $0.0107          6,408,682           $68,573 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                  $0.0107          6,408,682           $68,573 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ----------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Yifat Steuer 
       ---------------------------------------  ------------------------------------- 
 2      Reason for the notification 
       ------------------------------------------------------------------------------ 
 (a)    Position                                 Chief Operating Officer and Deputy 
                                                  CEO 
       ---------------------------------------  ------------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ------------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------ 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ------------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ------------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ------------------------------------------------------------------------------ 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ------------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ------------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ------------------------------------- 
 (d)        Currency              Price             Volume              Total 
       ------------------  -------------------  --------------  --------------------- 
       AUD                       $0.0107          11,359,813           $121,550 
 ------------------------  -------------------  --------------  --------------------- 
                                   Aggregated information 
       ------------------------------------------------------------------------------ 
            AUD                  $0.0107          11,359,813           $121,550 
 ------------------------  -------------------  --------------  --------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ------------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ------------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Yair Tal 
       ---------------------------------------  ------------------------------------- 
 2      Reason for the notification 
       ------------------------------------------------------------------------------ 
 (a)    Position                                 Chief Information Security Officer 
       ---------------------------------------  ------------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ------------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ------------------------------------------------------------------------------ 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ------------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ------------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ------------------------------------------------------------------------------ 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ------------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ------------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ------------------------------------- 
 (d)        Currency              Price             Volume              Total 
       ------------------  -------------------  --------------  --------------------- 
       AUD                       $0.0107           7,078,038           $75,732 
 ------------------------  -------------------  --------------  --------------------- 
                                   Aggregated information 
       ------------------------------------------------------------------------------ 
            AUD                  $0.0107           7,078,038           $75,732 
 ------------------------  -------------------  --------------  --------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ------------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ------------------------------------- 
 
 
 
 1      Details of the person discharging managerial responsibilities/person 
         closely associated 
 (a)    Name                                     Nicole Godress 
       ---------------------------------------  ----------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------------------- 
 (a)    Position                                 Global Chief Sales Officer MGC 
                                                  Medical 
       ---------------------------------------  ----------------------------------- 
 (b)    Initial notification/amendment           Initial 
       ---------------------------------------  ----------------------------------- 
 (c)    If amendment: reason                     n/a 
       ---------------------------------------  ----------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------- 
        Full name of entity                      MGC Pharmaceuticals Limited 
       ---------------------------------------  ----------------------------------- 
        Legal Entity Identifier                  213800HRE3FQJ6RK4H10 
         Code 
       ---------------------------------------  ----------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------------------- 
 (a)    Description of the financial             Fully Paid Ordinary Shares 
         instrument, type of 
         instrument 
       ---------------------------------------  ----------------------------------- 
 (b)    Identification Code                      AU000000MXC6 
         (ISIN) 
       ---------------------------------------  ----------------------------------- 
 (c)    Nature of transaction                    Shares issued as consideration 
                                                  for services rendered. 
       ---------------------------------------  ----------------------------------- 
 (d)        Currency              Price             Volume             Total 
       ------------------  -------------------  -------------  -------------------- 
       AUD                       $0.0107           876,636            $9,380 
 ------------------------  -------------------  -------------  -------------------- 
                                  Aggregated information 
       ---------------------------------------------------------------------------- 
            AUD                  $0.0107           876,636            $9,380 
 ------------------------  -------------------  -------------  -------------------- 
 (e)    Date of transaction                      2023-05-05 
       ---------------------------------------  ----------------------------------- 
 (f)    Place of transaction                     Outside a trading venue 
       ---------------------------------------  ----------------------------------- 
 
 

--Ends--

Authorised for release by the Managing Director, for further information please contact:

 
 MGC Pharmaceuticals Ltd                            MGC Pharmaceuticals Ltd 
  Roby Zomer                                         Arron Canicais / Rowan Harland 
  CEO & Managing Director                            Joint Company Secretaries 
  +61 8 6382 3390                                    +61 8 6382 3390 
  info@mgcpharma.co.uk                               info@mgcpharma.co.uk 
  UK PR Advisors                                    UK Brokers 
   Tavistock                                         Peterhouse Capital 
   Charles Vivian / Tim Pearson                      Charles Goodfellow / Lucy Williams 
   +44 207 920 3150                                  +44 207 469 0930 
   mgcpharma@tavistock.co.uk                         cg@peterhousecap.com / lw@peterhousecap.com 
 UK Financial and Corporate Advisor 
  SW4 Partners 
  Rupert Fane / Nilesh Patel 
  rupert@sw4partners.com / nilesh@sw4partners.com 
 

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May 10, 2023 12:05 ET (16:05 GMT)

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