TIDMCLIN

RNS Number : 8570S

Clinigen Group plc

05 October 2017

5 October 2017

PDMR Share Dealings

Clinigen Group plc (AIM: CLIN, 'Clinigen' or the 'Company'), the global pharmaceutical and services group, announces that it was notified on 5 October 2017 that the following transactions took place.

Steve Glass, Chief Commercial Officer, has exercised a total of 32,858 nil cost options over ordinary shares of 0.1 pence each in the Company. The options have been satisfied by shares from the Clinigen Group Employment Benefit Trust. He has subsequently sold 15,498 ordinary shares of 0.1 pence each in the Company at a price of 1147 pence per share in order to meet the expected tax obligations.

Following these transactions, Mr Glass's total beneficial interest in the Company is 17,360 ordinary shares representing approximately 0.02 per cent of the current issued share capital.

Separately, Debbie Ainge, Chief Operating Officer, has exercised a total of 9,471 nil cost options over ordinary shares of 0.1 pence each in the Company. The options have been satisfied by shares from the Clinigen Group Employment Benefit Trust. She has subsequently sold 9,471 ordinary shares of 0.1 pence each in the Company at a price of 1150 pence per share.

Following these transactions, Mrs Ainge's total beneficial interest in the Company is 10,254 ordinary shares representing approximately 0.01 per cent of the current issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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                    Steve Glass 
----  ----------------------  --------------------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------------- 
 a)    Position/status         Chief Commercial Officer 
                                / PDMR 
----  ----------------------  --------------------------------------- 
 b)    Initial                 Initial Notification 
        notification 
        /Amendment 
----  ----------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  --------------------------------------------------------------- 
 a)    Name                    Clinigen Group plc 
----  ----------------------  --------------------------------------- 
 b)    Legal Entity            N/A 
        Identifier 
----  ----------------------  --------------------------------------- 
 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             Ordinary shares of 0.1 pence 
        of the financial        each 
        instrument,             GB00B89J2419 
        type of 
        instrument 
        Identification 
        code 
----  ----------------------  --------------------------------------- 
 b)    Nature of                    1. The exercise of 32,858 
        the transaction              options over ordinary shares 
                                     in the Company following 
                                     the vesting of an award 
                                     granted under the Long Term 
                                     Incentive Plan. 
                                     2. The sale of 15,498 ordinary 
                                     shares in the Company made 
                                     in order to meet expected 
                                     tax obligations arising 
                                     from the transaction described 
                                     in 1. 
----  ----------------------  --------------------------------------- 
 c)    Currency                GBP 
----  ----------------------  --------------------------------------- 
 d)    Price(s)                    Price(s)            Volume(s) 
        and volume(s) 
----  ----------------------  ------------------  ------------------- 
                                     1147p               15,498 
 ---------------------------  ------------------  ------------------- 
 
 e)    Aggregated               15,498 
        information 
   - Aggregated                  1147p 
    volume 
   - Price                       GBP177,762 
   - Aggregated 
    total 
 ---------------------------  --------------------------------------- 
 f)    Date of                 4 October 2017 
        the transaction 
----  ----------------------  --------------------------------------- 
 g)    Place of                London Stock Exchange, AIM 
        the transaction 
----  ----------------------  --------------------------------------- 
 
 
 1     Details of the person discharging 
        managerial responsibilities/person 
        closely associated 
----  -------------------------------------------------------------- 
 a)    Name                    Debbie Ainge 
----  ----------------------  -------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------- 
 a)    Position/status         Chief Operating Officer 
                                / PDMR 
----  ----------------------  -------------------------------------- 
 b)    Initial                 Initial Notification 
        notification 
        /Amendment 
----  ----------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, 
        auctioneer or auction monitor 
----  -------------------------------------------------------------- 
 a)    Name                    Clinigen Group plc 
----  ----------------------  -------------------------------------- 
 b)    Legal Entity            N/A 
        Identifier 
----  ----------------------  -------------------------------------- 
 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             Ordinary shares of 0.1 pence 
        of the financial        each 
        instrument,             GB00B89J2419 
        type of 
        instrument 
        Identification 
        code 
----  ----------------------  -------------------------------------- 
 b)    Nature of                    1. The exercise of 9,471 
        the transaction              options over ordinary shares 
                                     in the Company following 
                                     the vesting of an award 
                                     granted under the Long Term 
                                     Incentive Plan. 
                                     2. The sale of 9,471 ordinary 
                                     shares in the Company. 
----  ----------------------  -------------------------------------- 
 c)    Currency                GBP 
----  ----------------------  -------------------------------------- 
 d)    Price(s)                    Price(s)            Volume(s) 
        and volume(s) 
----  ----------------------  ------------------  ------------------ 
                                     1150p               9,471 
 ---------------------------  ------------------  ------------------ 
 
 e)    Aggregated               9,471 
        information 
   - Aggregated                  1157p 
    volume 
   - Price                       GBP108,917 
   - Aggregated 
    total 
 ---------------------------  -------------------------------------- 
 f)    Date of                 4 October 2017 
        the transaction 
----  ----------------------  -------------------------------------- 
 g)    Place of                London Stock Exchange, AIM 
        the transaction 
----  ----------------------  -------------------------------------- 
 

-Ends-

Contact Details

 
 Clinigen Group plc                     Tel: +44 (0) 1283 
                                         495 010 
 Shaun Chilton, Group Chief 
  Executive Officer 
  Martin Abell, Group Chief Financial 
  Officer 
 
 Numis Securities Limited               Tel: +44 (0) 20 
                                         7260 1000 
 Michael Meade / Freddie Barnfield 
  (Nominated Adviser) 
  James Black / Tom Ballard 
  (Corporate Broking) 
 
 RBC Capital Markets - Joint            Tel: +44 (0) 20 
  Broker                                 7653 4000 
 Marcus Jackson / Elliot Thomas 
  / Jack Wood 
 
 Instinctif Partners (media             Tel: +44 (0) 20 
  relations)                             7457 2020 
 Melanie Toyne-Sewell / Alex 
  Shaw                                  Email: clinigen@instinctif.com 
 

About Clinigen Group

Clinigen Group plc (AIM: CLIN) is a global pharmaceutical and services company with a unique combination of businesses focused on providing access to medicines. Its mission is to deliver the right medicine to the right patient at the right time through three areas of global medicine supply; clinical trial, unlicensed and licensed medicines.

Clinical Trial Services

Clinigen is the global market leader in the specialist supply and management of quality-assured comparator medicines and services to clinical trials and Investigator Initiated Trials.

Unlicensed Medicines

Clinigen is the global leader in ethically sourcing and supplying unlicensed medicines to hospital pharmacists and physicians for patients with a high unmet medical need. The Group manages early access programmes to innovative new medicines and provides 'on-demand' access globally to medicines which remain unlicensed at the point of care.

Commercial Medicines

The Group acquires global rights to niche hospital-only and critical care products, revitalising these assets around the world and returning them back to sustained growth. The Group also provides access to licensed and branded generic medicines in the Africa and Asia Pacific region.

For more information on Clinigen, please visit www.clinigengroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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