RNS Number : 9417S
Tissue Regenix Group PLC
18 June 2024
 

 

Tissue Regenix Group plc

('Tissue Regenix', the 'Group', or the 'Company')

 

Exercise of Options, Director Dealing and Total Voting Rights

 

 

Tissue Regenix Group plc (AIM: TRX), the regenerative medical devices company, announces that the Company has issued and allotted 821,167 new ordinary shares of 0.1 pence each ("Ordinary Shares") following the exercise of an aggregate number of 821,167 share options (the "Options") by Daniel Lee (Chief Executive Officer), David Cocke (Chief Financial Officer), Kirsten Lund (PDMR) and other employees, issued under the Company's Long-Term Incentive Plan. Each employee disposed of such number of Ordinary Shares required to cover the associated cost attached to the exercise of Options.

 

 


Numer of Options exercised

Numbers of Ordinary Shares sold

Price of Ordinary Shares sold

Resultant beneficial holding

% of issued share capital

Daniel Lee

283,216

87,611

61 pence

282,512

0.4

David Cocke

146,491

63,207

61 pence

154,489

0.2

Kirsten Lund

109,091

60,751

61 pence

113,557

0.2

 

 

Application has been made for the 821,167 new Ordinary Shares to be admitted to trading on AIM. It is expected that dealings in these new Ordinary Shares will commence at 8.00 a.m. on 27 June 2024. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission, the Company will have in issue a total of 71,395,635 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore, the number of total voting rights for the Company will be 71,395,635.

 

 

 

For more information:

 

Tissue Regenix Group plc

www.tissueregenix.com

David Cocke, Chief Financial Officer

via Walbrook PR



Cavendish Capital Markets Limited (Nominated Adviser and Broker) 


Emily Watts/Geoff Nash/George Dollemore - Corporate Finance


Nigel Birks/Harriet Ward - ECM


 


Walbrook PR (Financial PR and IR)

Tel: +44 (0)20 7933 8780

Alice Woodings/Charlotte Edgar

TissueRegenix@walbrookpr.com

 

About Tissue Regenix (www.tissueregenix.com)

Tissue Regenix is a leading medical device company in regenerative medicine. The Company's patented decellularisation technology (dCELL®) removes DNA and other cellular material from animal and human soft tissue, leaving an acellular tissue scaffold not rejected by the patient's body that can be used to repair diseased or damaged body structures. Current applications address many crucial clinical needs in sports medicine, foot and ankle injuries, and wound care.

 

In August 2017, Tissue Regenix acquired CellRight Technologies®. This biotech company specialises in regenerative medicine and is dedicated to developing high-quality, innovative tissue scaffolds to enhance healing opportunities in defects created by trauma and disease. CellRight's human tissue products may be used in spine, trauma, general orthopaedic, dental and ophthalmological surgical procedures.

 

 

Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.    

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Lee

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

Tissue Regenix Group plc

b)

LEI

213800PNOD5UHQUFJI36

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 0.1p each

 

Identification code

GB00B5SGVL29

b)

Nature of the transaction

Exercise of options and sale of Ordinary Shares

 

c)

Price(s) and volume(s)

Options exercised: 283,216 Ordinary Shares at an exercise price of 10 pence each

Ordinary Shares sold: 87,611 shares at 61 pence each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

N/A

e)

Date of the transaction

18 June 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

 

1.    

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Cocke

2.               

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

 

3.    

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

a)

Name

Tissue Regenix Group plc

b)

LEI

213800PNOD5UHQUFJI36

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 0.1p each

 

Identification code

GB00B5SGVL29

b)

Nature of the transaction

Exercise of options and sale of Ordinary Shares

 

c)

Price(s) and volume(s)

Options exercised: 146,491 Ordinary Shares at an exercise price of 10 pence each

Ordinary Shares sold: 63,207 shares at 61 pence each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

N/A

e)

Date of the transaction

18 June 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

 

1.    

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kirsten Lund

2.               

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

 

3.    

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

a)

Name

Tissue Regenix Group plc

b)

LEI

213800PNOD5UHQUFJI36

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 0.1p each

 

Identification code

GB00B5SGVL29

b)

Nature of the transaction

Exercise of options and sale of Ordinary Shares

 

c)

Price(s) and volume(s)

Options exercised: 109,091 Ordinary Shares at an exercise price of 10 pence each

Ordinary Shares sold: 60,751 shares at 61 pence each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

N/A

e)

Date of the transaction

18 June 2024

f)

Place of the transaction

London Stock Exchange, AIM Market

 

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