Source - LSE Regulatory
RNS Number : 5920V
Fusion Antibodies PLC
04 December 2023
 

4 December 2023

 

Fusion Antibodies plc

("Fusionor the "Company")

 

Director/PDMR Shareholdings

 

Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody discovery, engineering and supply for both therapeutic drug and diagnostic applications, has been notified of the following purchases of ordinary shares of 4 pence each in the Company ("Ordinary Shares") by certain Directors of Fusion.

 

Simon Douglas, Non-Executive Chair, has purchased 100,565 Ordinary Shares at an average price of 4.96 pence per share. Following this purchase, Simon Douglas directly holds 356,365 Ordinary Shares, representing approximately 0.60 per cent. of the Company's issued share capital.

 

Adrian Kinkaid, Chief Executive Officer, has purchased 101,847 Ordinary Shares at an average price of 4.90 pence per share. Following this purchase, Adrian Kinkaid holds 245,847 Ordinary Shares, representing approximately 0.41 per cent. of the Company's issued share capital.

 

Further details of the respective purchases are outlined in the tables below.

 

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

Simon Douglas

2

Reason for the notification

a)

Position/status

Non-Executive Chair

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Fusion Antibodies plc

b)

LEI

213800KBAYRC9VOQ9V39

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 4p each in Fusion Antibodies plc

 

 

Identification code (ISIN) for Fusion Antibodies plc ordinary shares: GB00BDQZGK16

b)

Nature of the transaction

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

 

 

 

 Price(s)

Volume(s)

4.96p

100,565

d)

Aggregated information

- Aggregated volume

- Price

 

-      See above

-      See above

e)

Date of the transaction

4 December 2023

f)

Place of the transaction

XLON, London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Adrian Kinkaid

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

Fusion Antibodies plc

b)

LEI

213800KBAYRC9VOQ9V39

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 4p each in Fusion Antibodies plc

 

 

Identification code (ISIN) for Fusion Antibodies plc ordinary shares: GB00BDQZGK16

b)

Nature of the transaction

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

 

 

 

 Price(s)

Volume(s)

4.90p

101,847

d)

Aggregated information

- Aggregated volume

- Price

 

-      See above

-      See above

e)

Date of the transaction

4 December 2023

f)

Place of the transaction

XLON, London Stock Exchange

 

Enquiries: 

 

Fusion Antibodies plc

www.fusionantibodies.com

Adrian Kinkaid, Chief Executive Officer

Stephen Smyth, Chief Financial Officer

Via Walbrook PR


 

Allenby Capital Limited

Tel: +44 (0)20 3328 5656 

James Reeve/Vivek Bhardwaj (Corporate Finance)

Tony Quirke (Sales and Corporate Broking)

 



Walbrook PR

Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com

Anna Dunphy

Mob: +44 (0)7876 741 001

 

About Fusion Antibodies plc

 

Fusion is a Belfast based contract research organisation ("CRO") providing a range of antibody engineering services for the discovery and development of antibodies for both therapeutic drug and diagnostic applications.

 

The Company's ordinary shares were admitted to trading on AIM on 18 December 2017. Fusion provides a broad range of services in antibody design, generation, development, production, characterisation and optimisation. These services include antigen expression, antibody production, purification and sequencing, antibody humanisation using Fusion's proprietary CDRx TM platform and the production of antibody generating stable cell lines to provide material for use in clinical trials. Since 2012, the Company has successfully sequenced and expressed over 250 antibodies and successfully completed over 200 humanisation projects and has an international, blue-chip client base, which has included eight of the top 10 global pharmaceutical companies by revenue.

 

The Company was established in 2001 as a spin out from Queen's University Belfast. The Company's mission is to enable pharmaceutical and diagnostic companies to develop innovative products in a timely and cost-effective manner for the benefit of the global healthcare industry.

 

Fusion Antibodies growth strategy is based on combining the latest technological advances with cutting edge science to deliver new platforms that will enable Pharma and Biotech companies get to the clinic faster, with the optimal drug candidate and ultimately speed up the drug development process. 

 

The global monoclonal antibody therapeutics market was valued at $186 billion in 2021 and is forecast to surpass $445 billion in 2028, an increase at a CAGR of 13.2 per cent. for the period 2022 to 2028. Approximately 150 monoclonal antibody therapies are approved and marketed globally as of June 2022 with the top four antibody drugs each having sales of more than $3 bn in 2021.

 

 

 

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