Oxford Cannabinoid Tech.Holdings Director Dealing Update (0188S)

TIDMOCTP

RNS Number : 0188S

Oxford Cannabinoid Tech.Holdings

11 November 2021

Oxford Cannabinoid Technologies Holdings plc

Director Dealing Update

Further to the announcements of 1 November 2021 and 5 November 2021 (the "Announcements"), Oxford Cannabinoid Technologies Holdings plc (the "Company"), is pleased to announce that the Charge over the Pledged Shares in connection with the Facility has been removed.

Words and expressions defined in the Announcements have the same meaning ascribed to them herein unless the context suggests otherwise.

A PDMR form is set out below.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).

The Directors of the Company accept responsibility for the content of this announcement.

Enquiries:

 
 Oxford Cannabinoid Technologies    +44 (0)20 3034 2820 
  Holdings plc                       john@oxcantech.com 
  Dr John Lucas (CEO)                clarissa@oxcantech.com 
  Clarissa Sowemimo-Coker (COO) 
 Cairn Financial Advisers 
  Emily Staples                       +44 (0)20 7213 0897 
  Jo Turner                           +44 (0) 20 7213 0885 
 Walbrook PR Limited                +44 (0)20 7933 8780 
  Paul Vann                          +44 (0)7768 807631 
  Nicholas Johnson                   oxcantech@walbrookpr.com

About Oxford Cannabinoid Technologies Holdings Plc :

Oxford Cannabinoid Technologies Holdings plc ("OCTP" or the Company") is the holding company of Oxford Cannabinoid Technologies Ltd ("OCT") (together the "Group") , a pharmaceutical company developing prescription cannabinoid medicines for approval by key medicines regulatory agencies worldwide and targeting the U$ multi-billion pain market . Cannabinoids are compounds found in the cannabis plant that have been shown to have a range of therapeutic effects on the body, including pain relief. The Group has a clearly defined path to commercialisation, revenues and growth. The Group is developing drug candidates through clinical trials to gain regulatory approval (FDA/MHRA/EMA) that will enable medical professionals to prescribe them with confidence.

The Group's portfolio aims to balance risk, value and time to market, whilst ensuring market exclusivity around all its key activities. The Group's lead compound, OCT461201, is a highly potent and selective CB2 agonist and is being developed by OCT in a solid oral dosage form. OCT is conducting pre-clinical testing and development with pre-clinical trials scheduled for 2022. The Group's product pipeline also uses a balanced drug product strategy that employs both natural and synthetic compounds for the treatment of rare diseases and includes chemically modified phytocannabinoids with improved drug-like characteristics and a proprietary library of cannabinoids.

OCTP operates a partnership model with external academic and commercial partners, including the University of Oxford with whom OCT has had an umbrella research collaboration since 13 March 2018.

 
 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                         Indraneil (Neil) Mahapatra (via control 
                                     of voting rights in OCTP held by KCP LLP) 
                                   ------------------------------------------------------------ 
 2     Reason for notification 
      ---------------------------  ------------------------------------------------------------ 
 a.    Position/Status              Executive Chairman 
      ---------------------------  ------------------------------------------------------------ 
 b.    Initial notification/        Initial notification 
        Amendment 
      ---------------------------  ------------------------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------------- 
 a.    Name                         Oxford Cannabinoid Technologies Holdings 
                                     plc (OCTP) 
      --------------------------- 
 b.    LEI                          2138005SRWT4998BCE35 
      ---------------------------  ------------------------------------------------------------ 
 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               Ordinary Shares of GBP0.01 
        the financial 
        instrument, type             GB00BMVMRB86 
        of instrument 
 
        Identification 
        Code 
      ---------------------------  ------------------------------------------------------------ 
 b.    Nature of the                Removal of security over OCTP shares held 
        transaction                  by Kingsley Capital Partners (KCP) LLP - 
                                     Margin Loan Facility provided by Brown Shipley 
                                     & Co Limited. 
      ---------------------------  ------------------------------------------------------------ 
 
 c.    Price(s) and volume(s)             Price(s)        Volume(s) 
      ---------------------------        -------------- 
    Nil                                                   198,466,493 
   ----------------------------------------------------  ------------- 
 
 d.    Aggregated information       N/A - Single transaction 
 
        - Aggregated Volume 
 
        - Price 
      ---------------------------  ------------------------------------------------------------ 
 e.    Date of the transaction 
                                      10th November 2021 
      ---------------------------  ------------------------------------------------------------ 
 f.    Place of the transaction     London, UK 
      ---------------------------  ------------------------------------------------------------

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