Faron Pharmaceuticals Oy Grant of options (4715V)
December 04 2023 - 1:00AM
UK Regulatory
TIDMFARN
RNS Number : 4715V
Faron Pharmaceuticals Oy
04 December 2023
Faron Pharmaceuticals Ltd
("Faron" or the "Company")
Grant of options
Company announcement, December 4, 2023 at 9 am (EET) / 7 am
(GMT)
TURKU, FINLAND / BOSTON, MA - Faron Pharmaceuticals Ltd (AIM:
FARN, First North: FARON), a clinical stage biopharmaceutical
company focused on building the future of immunotherapy by
harnessing the power of the immune system to tackle cancer and
inflammation, today announces that the Company's board has
confirmed the grant of a total of 34,000 options over ordinary
shares in the Company ("Options") under the Company's Share Option
Plan 2019 (including its UK and US sub plans). The Options have
been allocated under the Share Option Plan 2019 and are exercisable
between9 November 2024 and 9 November 2028, vesting 25% per annum
over four years. The exercise price for Options allocated under the
Share Option plan is EUR3,53 per share, which is calculated based
on the average price per share at which the ordinary shares in the
Company have been traded on AIM for 90 days preceding the
allocation date of 9 November 2023. The exercise price for Options
allocated under the US sub plan is EUR3,35 per share, which is
calculated based on the average price per share at which the
ordinary shares in the Company have been traded on AIM for 30 days
preceding the allocation date of 9 November 2023. The terms of the
Share Option Plan 2019 are available on the Company's website at
https://www.faron.com/investors/general-meetings/2020.
The granted 34,000 Options entitle the option holders to
subscribe for a total of 34,000 new ordinary shares in the Company,
if exercised in full, and represent 0,05% of the fully diluted
ordinary share capital of the Company.
Included in the number of Options granted are the following
Options which were issued to directors, other persons discharging
managerial responsibilities ("PDMRs"), scientific advisory board
("SAB") members and Company personnel:
Director Options granted
Christine Roth 30,000
Total directors 30,000
Total Company personnel 4,000
For more information please contact:
Investor Contact
LifeSci Advisors
Daniel Ferry
Managing Director
daniel@lifesciadvisors.com
+1 (617) 430-7576
Cairn Financial Advisers LLP, Nomad
Sandy Jamieson, Jo Turner
Phone: +44 (0) 207 213 0880
Peel Hunt LLP, Broker
Christopher Golden, James Steel
Phone: +44 (0) 20 7418 8900
Sisu Partners Oy, Certified Adviser on Nasdaq First North
Juha Karttunen
Phone: +358 (0)40 555 4727
Jukka Järvelä
Phone: +358 (0)50 553 8990
About Faron Pharmaceuticals Ltd.
Faron (AIM: FARN, First North: FARON) is a global,
clinical-stage biopharmaceutical company, focused on tackling
cancers via novel immunotherapies. Its mission is to bring the
promise of immunotherapy to a broader population by uncovering
novel ways to control and harness the power of the immune system.
The Company's lead asset is bexmarilimab, a novel anti-Clever-1
humanized antibody, with the potential to remove immunosuppression
of cancers through targeting myeloid cell function. Bexmarilimab is
being investigated in Phase I/II clinical trials as a potential
therapy for patients with hematological cancers in combination with
other standard treatments. Further information is available at
www.faron.com .
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
Details of the person discharging managerial responsibilities/person
1 closely associated
---- --------------------------------------------------------------------------------------------
a. Name Christine Roth
----------------------------------------------------------------
Reason for notification
2
-------------------------- ----------------------------------------------------------------
a. Position/Status Person discharging managerial responsibilities/person
closely associated
-------------------------- ----------------------------------------------------------------
b. Initial notification/ Initial notification
Amendment
-------------------------- ----------------------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------------------
a. Name Faron Pharmaceuticals Oy
-------------------------- ----------------------------------------------------------------
b. LEI 7437009H31TO1DC0EB42
-------------------------- ----------------------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares
the financial
instrument, type ISIN: FI4000153309
of instrument
Identification
Code
-------------------------- ----------------------------------------------------------------
b. Nature of the Grant of options made under the Faron Share
transaction Option Plan 2019 US sub plans exercisable at
EUR3.35 per ordinary share.
-------------------------- ----------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
-------------
Nil 30,000
------------------------------------------------- ---------------
d. Aggregated information
- Aggregated
Volume 30,000
- Price Nil
-------------------------- ----------------------------------------------------------------
e. Date of the transaction 1 December 2023
-------------------------- ----------------------------------------------------------------
f. Place of the Turku
transaction
-------------------------- ----------------------------------------------------------------
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