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C4X Discovery (C4XD)

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Monday 14 December, 2020

C4X Discovery

Grant of options and Directors Dealing

RNS Number : 6161I
C4X Discovery Holdings PLC
14 December 2020
 

C4X Discovery Holdings plc

 

("C4XD", "C4X Discovery" or the "Company")

 

Grant of options and Directors Dealing

 

 

14 December 2020 - C4X Discovery Holdings plc (AIM: C4XD), a pioneering Drug Discovery company, today announces that a total of 600,000 options over ordinary shares of the Company were awarded pursuant to the EMI 2014 Plan to certain employees, which includes 200,000 options each to Dr Clive Dix, Chief Executive Officer, Dr Craig Fox, Chief Scientific Officer and Brad Hoy, Chief Financial Officer, as set out below.

 

Director

Position

Number of share options awarded

Option exercise price per share (pence)

Total number of options held

Dr Clive Dix

Chief Executive Officer

200,000

20

645,000

Dr Craig Fox

Chief Scientific officer

200,000

20

700,000

Brad Hoy

Chief Financial Officer

200,000

20

800,000

 

The options have an exercise price of 20 pence, being the average 5-day VWAP of the ordinary shares to the 11 December 2020.  The options can be exercised at any time between three and 10 years of them being granted.

 

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 person discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name(s)

 

Dr Clive Dix

2

Reason for the notification


a)


Position/status

 

Chief Executive Officer, Director

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

C4X Discovery Holdings plc

b)

LEI

213800UHNL82E323O870

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 one penny (£0.01) each in the share capital of the Company - EMI 2014 Plan

 

 

ISIN GB00BQQ2RV18

b)

Nature of the transaction

 

Grant of o ptions over o rdinary s hares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

20 p

20 0,000

 

d)

Aggregated information

 


e)

Date of the transaction

 

14 December 2020

f)

Place of the transaction

 

 

London Stock Exchange - AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Dr Craig Fox

2

Reason for the notification


a)


Position/status

 

Chief Scientific Officer, Director

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

C4X Discovery Holdings plc

b)

LEI

213800UHNL82E323O870

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 one penny (£0.01) each in the share capital of the Company - EMI 2014 Plan

 

 

ISIN GB00BQQ2RV18

b)

Nature of the transaction

 

Grant of o ptions over o rdinary s hares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

20 p

20 0,000

 

d)

Aggregated information

 


e)

Date of the transaction

 

14 December 2020

f)

Place of the transaction

 

 

London Stock Exchange - AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Brad Hoy

2

Reason for the notification


a)


Position/status

 

Chief Financial Officer, Director

b)

Initial notification/Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

C4X Discovery Holdings plc

b)

LEI

213800UHNL82E323O870

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 one penny (£0.01) each in the share capital of the Company - EMI 2014 Plan

 

 

ISIN GB00BQQ2RV18

b)

Nature of the transaction

 

Grant of o ptions over o rdinary s hares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

20 p

20 0,000

 

d)

Aggregated information

 


e)

Date of the transaction

 

14 December 2020

f)

Place of the transaction

 

 

London Stock Exchange - AIM

 

 

- Ends -

 

Contacts

 

C4X Discovery Holdings


Mo Noonan, Communications

+44 (0)787 6444977



Panmure Gordon (UK) Limited (NOMAD and Broker)


Freddy Crossley, Emma Earl (Corporate Finance)

+44 (0)20 7886 2500

Rupert Dearden (Corporate Broking)




C4X Discovery Media - Consilium Strategic Communications


Mary-Jane Elliott, Chris Gardner, Matthew Neal

+44 (0)203 709 5700

 

 



 

Notes to Editors:

 

About C4X Discovery

C4X Discovery (C4XD) aims to create the world's most productive Drug Discovery engine by using cutting-edge technologies and expertise to efficiently deliver best-in-class small-molecule medicines to clinical partners for the benefit of patients. The Company's business model focuses on replenishing big pharma discovery pipelines and driving returns through revenue generating pre-clinical licensing deals. In 2018, C4XD successfully out-licensed a pre-clinical programme in addictive disorders to Indivior in a deal worth up to $294m, which is now in a Phase I clinical study.

 

C4XD has a state-of-the-art suite of proprietary technologies across the Drug Discovery process and accesses further innovative capabilities and expertise through its growing network of partners. The Company is actively advancing its diverse pre-clinical discovery portfolio which is focused on inflammation, neurodegeneration and oncology (including immuno-oncology). Opportunities to maximise value from the portfolio are proactively driven by C4XD's commercial division. The Company is led by a highly experienced management team and Board who have delivered significant value creation within the healthcare sector.

 

For additional information please go to: www.c4xdiscovery.com

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