Sareum Holdings PLC
("Sareum" or the "Company")
Director's Dealing
Cambridge, UK, 29 December - Sareum Holdings plc (AIM: SAR), a biotechnology company developing next generation kinase inhibitors for autoimmune disease and cancer, announces that Dr Stephen Parker, Non-Executive Chairman, purchased 19,972 ordinary shares of 0.0125 pence each in the Company ("Ordinary Shares") at an average price of 77.6 pence per share on 28 December 2022. Shares are held in either Dr. Parker's SIPP or an ISA account.
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further details.
Following the transaction, Dr Parker has a holding in Sareum of 103,660 Ordinary Shares, from a previous holding of 83,688 Ordinary Shares.
PDMR Notification Form:
| 1 | Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a) | Name | Stephen Parker | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Chairman | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Sareum Holdings plc | ||||
| b) | LEI | 213800PKERN2DY8FFM72 | ||||
| 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 | Ordinary shares of 0.0125 pence each in the share capital of Sareum Holdings plc | ||||
| | | | ||||
| | Identification code | GB00B02RFS12 | ||||
| | | | ||||
| b) | Nature of the transaction | Purchase of shares | ||||
| c) | Price(s) and volume(s) | | ||||
| | | | Price(s) | Volume(s) | | |
| | Hargreaves Lansdown SIPP | | £0.78 | 12,820 | | |
| | Barclays Investment ISA | | £0.769 | 7,152 | | |
| | | | | | | |
| d) | Aggregated information | | | |||
| | | | | |||
| | - Aggregated volume | 19,972 ordinary shares | | |||
| | | | | |||
| | - Weighted Average Price | 77.61 pence per share | | |||
| | | | | |||
| e) | Date of the transaction | 28 December 2022 | | |||
| f) | Place of the transaction | London Stock Exchange (AIM) | | |||
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
- Ends -
For further information, please contact:
| Sareum Holdings plc Tim Mitchell, CEO
|
01223 497700 |
| Strand Hanson Limited (Nominated Adviser) James Dance / James Bellman
|
020 7409 3494 |
| Peel Hunt LLP (Joint Corporate Broker) James Steel
|
020 7418 8900 |
| Hybridan LLP (Joint Corporate Broker) Claire Noyce
|
020 3764 2341 |
| Consilium Strategic Communications (Financial PR) Jessica Hodgson / Davide Salvi / Stella Lempidaki |
0203 709 5700 |
About Sareum
Sareum Holdings (AIM:SAR) is a biotechnology company developing next generation kinase inhibitors for autoimmune disease and cancer.
The Company is focused on developing next generation small molecules which modify the activity of the JAK kinase family and have best-in-class potential. Its lead candidate, SDC 1801, simultaneously inhibits TYK2 and JAK1. SDC1801 is a potential treatment for a range of autoimmune diseases. Sareum is also developing SDC1802, a TYK2/JAK1 inhibitor with a potential application for cancer immunotherapy.
Sareum Holdings plc is listed on the AIM market of the London Stock Exchange, trading under the ticker SAR. For further information, please visit the Company's website at www.sareum.com
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