Source - RNS
RNS Number : 3750K
ABCAM Plc
21 September 2016
 

 

For immediate release

21 September 2016

ABCAM PLC

("Abcam" or the "Company")

Director/PDMR Shareholding Notification

Cambridge, UK: Abcam plc (AIM: ABC), a global leader in the supply of life science research tools, was notified on 19 September 2016 that on that date Dr. Jonathan Milner, a Non-Executive Director of the Company and persons closely associated with Dr. Milner, namely Dr. Milner's wife (Roza Gounaris-Milner) and The Dr J S Milner Accumulation and Maintenance Trust and The Evolution Education Trust, of each of which Dr. Milner is a trustee, carried out the following transactions in Abcam's shares:

·     The exercise of 20,361 options by Dr. Milner over 20,361 ordinary shares of 0.2 pence each in the Company ("Ordinary Shares") at an exercise price of 0.2 pence per share and the subsequent sale of the resulting Ordinary Shares at 819.7618 pence per share;

 

·     A transfer by Dr. Milner of 215,000 Ordinary Shares for nil consideration to The Evolution Education Trust of which he is a trustee; and

 

·     A sale, in aggregate of 1,310,370 Ordinary Shares held by Dr. J S Milner Accumulation and Maintenance Trust, Dr. Milner's wife (Roza Gounaris-Milner) and the Evolution Education Trust at a price of 803.88 pence per Ordinary Share

Dr. Milner intends to use the proceeds from the sale for charitable donations, private company investments and for tax and estate planning. Dr. Milner remains fully committed to the Company as an active member of the Abcam Board in his role as Deputy Chairman.

As a result of the transactions described above, Dr. Milner's total direct and indirect interest in the Company has decreased by 1,330,731 Ordinary Shares (including sale of the 20,361 Ordinary Shares resulting from the exercise of the share options referred to above) to a total of 21,994,934 Ordinary Shares, representing approximately 10.84% of the Company's issued share capital and he holds 20,361 fewer options over Ordinary Shares.

Dr. Milner's remaining direct and indirect interest in the Company is subject to a 12 month lock-up on customary terms.

The notifications for Dr. Milner and the persons closely associated with him can be found below. This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

##Ends##

 

For further information, please contact:

Abcam

+ 44 (0) 1223 696 000

Suzanne Smith, Company Secretary

 


J.P.Morgan Cazenove - Nominated Advisor & Corporate Broker

+ 44 (0) 20 7742 4000

James Mitford / Christopher Cargill


FTI Consulting

+ 44 (0) 20 3727 1000

Ben Atwell / Brett Pollard / Natalie Garland-Collins


 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr J S Milner

2

Reason for the notification

a)

Position/status

Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Abcam plc

b)

Legal Entity Identifier

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares of 0.2 pence each

 

 

 

GB00B6774699

b)

Nature of the transaction

Exercise of share options at an exercise price of £0.002 per share and sale of resulting ordinary shares

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

819.7618p

20,361


e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

20,361

819.7618p

£166,911.70

f)

Date of the transaction

19 September 2016

g)

Place of the transaction

London Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Dr J S Milner Accumulation and Maintenance Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Abcam plc

b)

Legal Entity Identifier

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares

 

 

 

GB00B6774699

b)

Nature of the transaction

Sale by the Dr J S Milner Accumulation and Maintenance Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

803.88p

160,000


e)

Aggregated information

- Aggregated volume

- Price

- aggregated total

 

160,000

803.88p

£1,286,208

f)

Date of the transaction

19 September 2016

g)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Dr J S Milner

2

Reason for the notification

a)

Position/status

Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Abcam plc

b)

Legal Entity Identifier

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares

 

 

 

GB00B6774699

b)

Nature of the transaction

Transfer to the Evolution Education Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

nil

215,000


e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

215,000

Nil

nil

f)

Date of the transaction

19 September 2016

g)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

The Evolution Education Trust

2

Reason for the notification

a)

Position/status

Person closely associated with Dr J S Milner, Deputy Chairman

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Abcam plc

b)

Legal Entity Identifier

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares

 

 

 

GB00B6774699

 

b)

Nature of the transaction

Sale by the Evolution Education Trust

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

803.88p

150,000




e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

150,000

803.88p

£1,205,820

f)

Date of the transaction

19 September 2016

g)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Roza Gounaris-Milner

2

Reason for the notification

a)

Position/status

Wife of Dr J S Milner (Deputy Chairman)

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Abcam plc

b)

Legal Entity Identifier

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares

 

 

 

GB00B6774699

b)

Nature of the transaction

Sale

c)

Currency

GBP

d)

Price(s) and volume(s)

Price(s)

Volume(s)

803.88p

1,000,370


e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

1,000,370

803.88p

£8,041,774.36

f)

Date of the transaction

19 September 2016

g)

Place of the transaction

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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