Source - LSE Regulatory
RNS Number : 9374N
MaxCyte, Inc.
04 February 2021
 

 

 

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Director Dealings and Issue of Equity

 

Gaithersburg, Maryland - 4 February 2021: MaxCyte (LSE: MXCT, MXCL), the global cell-based medicines and life sciences company, announces that further to the announcement of a £40 million (approx. $55 million) Subscription via a private placement of 5,740,000 new shares of common stock (the "Subscription Announcement") on 3 February, 2021, Doug Doerfler, Chief Executive Officer and a Founder of the Company, Ron Holtz, Senior Vice President and Chief Accounting Officer  and J. Stark Thompson, Non-Executive Chairman, have exercised options in the amount of  755,000 shares of common stock,  $0.01 par, of the Company ("Common Stock") ("Exercise") in aggregate. The 755,000 new shares of Common Stock issued pursuant to the Exercise ("New Options Common Stock") have been sold by Doug Doerfler, Ron Holtz and J. Stark Thompson at a price of 700 pence per Common Stock ("Sale").

 

Following the Exercise and Sale, Mr Doerfler's holding of Common Stock remains unchanged at a total of 433,197 shares and Mr Holtz's holding of Common Stock remains unchanged at a total of 150,251 shares, representing 0.5% and 0.2%, respectively, of the enlarged issued share capital of the Company following the Subscription and the Exercise. Mr. Doerfler, Mr. Holtz and Dr Thompson hold a further 2,313,480, 1,014,892 and 211,333 options over Common Stock respectively.

 

Total voting rights

Application has been made for admission of the 755,000 New Options Common Stock to trading on AIM, which is anticipated to occur at 8:00am on 8 February 2021 ("Options Stock Admission"). The New Options Common Stock will rank pari passu with the existing shares of common stock of the Company and will trade in the unrestricted line of Common Stock trading under the symbol MXCT. The total issued stock capital of the Company following the Options Stock Admission and the admission to trading on AIM of the 5,740,000 shares of Subscription Common Stock ("Subscription Stock Admission") will be 83,917,169 shares of common stock. Following Option Stock Admission and Subscription Stock Admission, Shareholders in the Company may use this figure 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 stock capital of the Company.

 

Following Subscription Stock Admission (which comprises First Admission and Second Admission) and Options Stock Admission, the number of unrestricted shares of Common Stock trading under the symbol 'MXCT' will be 73,687,080; the number of restricted shares of Common Stock trading under the symbol 'MXCL' will be 9,900,089 and the number of restricted shares of Common Stock trading under the symbol 'MXCN' will be 330,000.

 

Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the Subscription Announcement.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Doug Doerfler

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

MaxCyte, Inc.

b)

LEI

54930053YHXULRFCU991

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

Common Stock of $0.01 each

b)

Identification Code

US57777K1060

c)

Nature of the transaction

Exercise of options and Sale of Common Stock by PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

700 pence

 

 500,000 (option exercise)

 500,000 (sale of common stock)

e)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

N/A

f)

Date of the transaction

3 February 2021

g)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ron Holtz

2

Reason for the notification

a)

Position/status

Senior Vice President and Chief Accounting Officer  

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

MaxCyte, Inc.

b)

LEI

54930053YHXULRFCU991

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

Common Stock of $0.01 each

b)

Identification Code

US57777K1060

c)

Nature of the transaction

Exercise of options and Sale of Common Stock by PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

700 pence

 

 225,000 (option exercise)

 225,000 (sale of common stock)

e)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

N/A

f)

Date of the transaction

3 February 2021

g)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

J. Stark Thompson

2

Reason for the notification

a)

Position/status

Non-Executive Chairman and PDMR

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

MaxCyte, Inc.

b)

LEI

54930053YHXULRFCU991

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

Common Stock of $0.01 each

b)

Identification Code

US57777K1060

c)

Nature of the transaction

Exercise of options and Sale of Common Stock by PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

700 pence

 

 30,000 (option exercise)

 30,000 (sale of common stock)

e)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

N/A

f)

Date of the transaction

3 February 2021

g)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

For the purposes of MAR, the person responsible for arranging for the release of this Announcement on behalf of the Company is Maher Masoud, General Counsel.

 

For further information, please contact:

 



MaxCyte Inc.

Doug Doerfler, Chief Executive Officer

Ron Holtz, Chief Accounting Officer

 

+1 301 944 1660

 

Nominated Adviser and Joint Corporate Broker

Panmure Gordon

Emma Earl

Freddy Crossley

Corporate Broking

Rupert Dearden

 

 

+44 (0)20 7886 2500

 

Joint Corporate Broker

Numis Securities Limited

James Black

Duncan Monteith

 

+44 (0)20 7260 1000

Joint Corporate Broker

Stifel Nicolaus Europe Limited

 

Healthcare Investment Banking

Nicholas Moore / Ben Maddison / Samira Essebiyea

Corporate Broking

Nick Adams 

+44 (0) 20 7710 7600

Financial PR Adviser

Consilium Strategic Communications

Mary-Jane Elliott

Chris Welsh

 

 

 

+44 (0)203 709 5700

maxcyte@consilium-comms.com


 

About MaxCyte

MaxCyte is a world-leading provider of cell-engineering enabling technology and is responsible for helping to bring next-generation cell and gene-editing therapies to life. The Company's technology is deployed by leading drug developers worldwide, including all of the top ten global biopharmaceutical companies. MaxCyte licences have been granted for more than 140 cell therapy programmes, with more than 100 licensed for clinical use, and the Company has now entered into twelve clinical/commercial license partnerships with leading cell therapy and gene editing developers. MaxCyte was founded in 1998, is listed on the London Stock Exchange (LSE: MXCT, MXCL) and is headquartered in Gaithersburg, Maryland, US. For more information, visit www.maxcyte.com.

 

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