10 July 2024
Eden Research plc
("Eden" or "the Company")
Director/PDMR Shareholding
Eden Research plc (AIM: EDEN), the AIM-quoted company focused on sustainable biopesticides and plastic-free formulation technologies for use in the global crop protection, animal health and consumer products industries, announces that on 10 July 2024, Derek McAllan, Non-Executive Director, has purchased 323,017 ordinary shares of £0.01 each in the Company ("Ordinary Shares") at a price of 4.6437 pence per Ordinary Share.
Following the purchase outlined above, Derek McAllan's interest in the share capital of the Company is 323,017 Ordinary Shares, representing 0.06 per cent. of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information contact:
| Eden Research plc |
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| Sean Smith
| 01285 359 555 |
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| Cavendish Capital Markets Limited (Nominated advisor and broker) |
|
| Giles Balleny / George Lawson (corporate finance)
| 020 7220 0500 |
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| Hawthorn Advisors (Financial PR) |
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| Victoria Ainsworth |
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Notes to Editors:
Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.
Eden's products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides. Eden has three products currently on the market:
Based on plant-derived active ingredients, Mevalone® is a foliar biofungicide which initially targets a key disease affecting grapes and other high-value fruit and vegetable crops. It is a useful tool in crop defence programmes and is aligned with the requirements of integrated pest management programmes. It is approved for sale in a number of key countries whilst Eden and its partners pursue regulatory clearance in new territories thereby growing Eden's addressable market globally.
Cedroz™ is a bionematicide that targets free living nematodes which are parasitic worms that affect a wide range of high-value fruit and vegetable crops globally. Cedroz is registered for sale on two continents and Eden's commercial collaborator, Eastman Chemical, is pursuing registration and commercialisation of this important new product in numerous countries globally.
Eden's seed treatment product, Ecovelex™ was developed to safely tackle crop destruction caused by birds - a major cause of losses in maize and other crops. Ecovelex works by creating an unpleasant taste or odour that repels birds, leaving the seeds safely intact and the birds unaffected and free to find alternative food sources. The product is based on Eden's plant-derived chemistry, registered in the EU, U.S. and elsewhere, and formulated using Eden's Sustaine microencapsulation system.
Eden's Sustaine® encapsulation technology is used to harness the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with both natural and synthetic compounds to enhance their performance and ease-of-use. Sustaine microcapsules are naturally-derived, plastic-free, biodegradable micro-spheres derived from yeast. It is one of the only viable, proven and immediately registerable solutions to the microplastics problem in formulations requiring encapsulation.
Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN. It was awarded the London Stock Exchange Green Economy Mark in January 2021, which recognises London-listed companies that derive over 50% of their total annual revenue from products and services that contribute to the global green economy. Eden derives 100% of its total annual revenues from sustainable products and services.
For more information about Eden, please visit: www.edenresearch.com.
The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |
| a)
| Name
| Derek McAllan
|
| 2
| Reason for the notification
| |
| a)
| Position/status
| Non-Executive Director |
| b)
| Initial notification /Amendment
| Initial notification |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |
| a)
| Name
| Eden Research plc |
| b)
| LEI
| 213800ZWTYTVQQSM3J85 |
| 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 1 pence each
GB0001646941 |
| b)
| Nature of the transaction
| Purchase of Ordinary Shares |
| c)
| Price(s) and volume(s)
| 323,017 Ordinary Shares at 4.6437 pence per Ordinary Share
|
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A
|
| e)
| Date of the transaction
| 10 July 2024 |
| f)
| Place of the transaction
| London Stock Exchange
|
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