IDP Innovaderma Plc

TIDMIDP

RNS Number : 9885O

InnovaDerma PLC

11 November 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

InnovaDerma PLC ("InnovaDerma" or the "Company")

Announcement of Director / PDMR shareholding

The Company was notified on 7 November 2016, that Zaymar Investments Pty Ltd sold 12,500 Ordinary Shares of EUR0.10 each in the Company on 31 October 2016 at a price of GBP1.25 per share and 12,500 Ordinary Shares of EUR0.10 each in the Company on 1 November 2016 at a price of GBP1.00 per share (the "Sale"). Zaymar Investments Pty Ltd is owned and controlled by Haris Altaf Chaudhry, Executive Chairman of InnovaDerma plc.

Both transactions took place on the London Stock Exchange. As a result of these transactions, Haris Altaf Chaudhry's interest in the ordinary share capital of the Company, including that of his connected persons, reduced from 6,018,326 to 5,993,326. Following the Sale, Haris Altaf Chaudhry and his connected persons will retain beneficial interests in approximately 57.9% of the entire issued share capital of the Company.

This notice is given in fulfilment of obligations under DTR 3.1.2R.

Further enquiries:

 
 InnovaDerma PLC 
  Haris Chaudhry/Joe Bayer        +61 (0)3 9111 0071 
-----------------------------  ---------------------- 
 Sole broker 
  Hybridan LLP                    +44 (0)203 764 2341 
  Claire Noyce/Niall Pearson      / 2343 
-----------------------------  ---------------------- 
 Cardew Group 
  Shan Shan Willenbrock 
  David Roach 
  Emma Ruttle                     +44 (0)20 7930 0777 
-----------------------------  ---------------------- 
 

About InnovaDerma:

InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in hair loss, anti-ageing and beauty sectors. InnovaDerma has presence in the United Kingdom, Australia, New Zealand, Philippines, South Africa, Hong Kong and South Korea.

www.innovaderma.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 11, 2016 06:23 ET (11:23 GMT)

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