Rex Bionics PLC Director Dealings (3858A)

TIDMRXB

RNS Number : 3858A

Rex Bionics PLC

22 December 2014

Rex Bionics plc

("Rex Bionics" or the "Company")

Directors Dealings

22 December 2014 Rex Bionics plc (AIM: RXB), the pioneer of the REX Robot technology that enhances the mobility of wheel-chair users, announces that it has received notification on 19 December 2014 that the following directors of the Company have purchased ordinary shares of GBP1.00 each ("Ordinary Shares") in the Company on that date.

 
              Name                 Number of shares               Price 
 Crispin Simon, Chief Executive 
  Officer                              35,000                                70.00p 
 Peter Worrall, Chief Financial 
  Officer                            14,000                                  70.00p

Following this purchase, they will have the following interests in Ordinary Shares.

 
               Name                   Total number of       Percentage of issued 
                                           shares               share capital 
 Crispin Simon, Chief Executive 
  Officer                                        35,000                   0.24% 
 Peter Worrall, Chief Financial 
  Officer                                         19,556                     0.14%

For further information please contact:

Rex Bionics Plc

Crispin Simon, Chief Executive Officer

+44 (0) 781 086 6386

Peter Worrall, Chief Financial Officer

+44 (0) 142 864 5416

Oriel Securities Limited (NOMAD and Broker)

Juliet Thompson/Jonathan Senior

+44 (0) 20 7710 7600

Consilium Strategic Communications

Mary-Jane Elliott / Jessica Hodgson / Chris Welsh / Lindsey Neville

rexbionics@consilium-comms.com

+44 (0) 203 709 5700

About Rex Bionics plc

Rex Bionics (AIM: RXB) is the AIM-listed pioneer of the REX Robot that enhances the mobility of wheel-chair users. Founded in Auckland, New Zealand by two robotics engineers with first-hand experience of wheelchair users and their needs, Rex Bionics is working with physiotherapists to develop the practice of Robot-Assisted Physiotherapy (RAP). In a session of RAP, REX lifts patients from a sitting position into a robot-supported standing position, allowing them to take part in a set of supported walking and stretching exercises, designed by specialist physiotherapists.

Wheelchair users are at risk of developing numerous medical complications from extended periods of sitting. By enabling them to spend more time standing, walking and exercising, REX may offer significant health benefits, including improved sleep, cardiovascular performance, maintenance of joint range, and a reduction in common abdominal problems and prescription drug use. A programme of clinical trials is now under way to evaluate these potential benefits.

REX is used by people with complete spinal cord injury, as well as people who have suffered a stroke or other traumatic brain injury; and people with multiple sclerosis and muscular dystrophy. REX P, for use in the home, enables users to walk and stand with their hands free - providing more work and recreation options.

In May 2014, Rex Bionics joined AIM with a fundraising of GBP10 million (gross) to scale up production, distribution and marketing internationally, in order to support growing demand for both REX products as well as developing the next generation of REX devices, REX 3.

REX is not approved for At-Home use in the United States of America.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSQKCDQDBDBCBD

Rex Bionics (LSE:RXB)
Historical Stock Chart
From Oct 2024 to Nov 2024