Directors' / PDMR Dealing and Grant of Options

RNS Number : 6508V

Futura Medical PLC

06 April 2023

 

6 April 2023

  Futura Medical plc

("Futura" or the "Company")

Directors' / PDMR Dealing and Grant of Options

Futura Medical plc (AIM: FUM) ("Futura" or the "Company"), a pharmaceutical company developing a portfolio of innovative products based on its proprietary, transdermal DermaSys® drug delivery technology currently focused on sexual health and pain, today announces that it has today, granted options over a total of 1,934,000 ordinary shares of 0.2p each in the Company ("Ordinary Shares") to employees and Directors, of which 858,000 options were granted to Directors and PDMRs as detailed below. The options are part of annual awards made by Futura in accordance with existing share schemes.

Director	Number of options granted	Exercise price	Exercise period	Total number of options held following notification	Total number of Ordinary Shares held
J H Barder	330,000	43.60p	1 April 2026 - 31 Mar 2033	2,415,716	1,440,972
A Hildreth	264,000	43.60p	1 April 2026 - 31 Mar 2033	1,772,340	142,857
K W James	264,000	43.60p	1 April 2026 - 31 Mar 2033	1,945,227	299,581

Of the total 1,934,000 options, 1,046,000 were granted under the Futura Medical plc Enterprise Management Incentive Scheme, and 888,000 were granted under the unapproved scheme.

Vesting is subject to the achievement of a performance-related milestone and that the Director/PDMR/employee remains employed with the Company as at the date of exercise.  Further disclosures are contained in the tables below. 

  ENDS

For further information please contact:

Futura Medical plc

James Barder, Chief Executive Officer

Angela Hildreth, Finance Director and COO

Email: [e-mail]

Tel: [phone]

www.futuramedical.com

Nominated Adviser and Sole Broker:

Liberum

Phil Walker/ Richard Lindley/ Ben Cryer

Tel: [phone]

For media enquiries please contact:

Optimum Strategic Communications

Mary Clark/ Hollie Vile/ Jonathan Edwards/ Zoe Bolt

Email: [e-mail]

Tel: [phone]

About Futura Medical plc

Futura Medical plc (AIM: FUM), is a pharmaceutical company developing a portfolio of innovative products based on its proprietary, transdermal DermaSys®technology. Each DermaSys® formulation is separately patented and specifically tailored for the selected indication and application, as well as being optimised for clinical efficacy, safety, administration and patient convenience. The products are developed for the prescription and consumer healthcare markets as appropriate. Current therapeutic areas are sexual health, including erectile dysfunction, and pain relief. Development and commercialisation strategies are designed to maximise product differentiation and value creation whilst minimising risk.

MED3000 is Futura's topical gel formulation that is a novel treatment for erectile dysfunction ("ED") through a unique evaporative mode of action. Futura has previously conducted an initial Phase 3 study using MED3000 in ED, referred to as "FM57" which enabled Futura to be granted a CE Mark in 2021. A second confirmatory Phase 3 clinical study, "FM71" was also conducted to support Futura's regulatory submission to the FDA with 96 ED patients and endpoints at 24 weeks, demonstrating that MED3000 presents an effective clinically proven treatment for ED with a rapid speed of onset and a favourable benefit versus risk profile ideally suited for OTC classification.

Eroxon® is CE marked in Europe and UKCA marked in the UK as a clinically proven topical treatment for adult men with erectile dysfunction under the brand Eroxon® with a key claim of "Helps you get an erection within 10 minutes". Eroxon® is the agreed brand name in certain regions such as the EU whereas MED3000 continues to be the internal code name used by the Company and also in reference to countries where regulatory approval or commercial distribution agreements have not yet been achieved. www.eroxon.com

Futura is based in Guildford, Surrey, and its shares trade on the AIM market of the London Stock Exchange.  www.futuramedical.com

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Barder
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	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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	Options over Ordinary Shares of 0.2 pence each GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) -   330,000
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Hildreth
2	Reason for the notification
a)	Position/status	Finance Director and Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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	Options over Ordinary Shares of 0.2 pence each GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) - 264,000
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ken James
2	Reason for the notification
a)	Position/status	Executive Director and Head of R&D
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Futura Medical plc
b)	LEI	21380053QLT46UNV2303
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	Options over Ordinary Shares of 0.2 pence each GB0033278473
b)	Nature of the transaction	Grant of options over Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) - 264,000
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	Outside a trading venue

 

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