TIDMINS

RNS Number : 1423N

Instem plc

28 September 2021

Instem plc

("Instem", the "Company")

Grant of PDMR Options

Instem plc (AIM: INS), a leading provider of IT solutions to the global life sciences market, announces that Phil Reason (Chief Executive Officer) and Nigel Goldsmith (Chief Financial Officer) have each been granted awards of nil-cost options over 25,000 Ordinary Shares under the Instem plc 2018 Long Term Incentive Plan ("LTIP"). These options will ordinarily vest and become exercisable in 2024 pursuant to the rules of the LTIP and are subject to meeting share price targets.

After these grants of options, Mr Reason and Mr Goldsmith hold options over a total of 208,816 and 279,531 Ordinary Shares, respectively.

For further information, please contact:

 
 Instem plc                                          Via Walbrook 
 Phil Reason, CEO 
 Nigel Goldsmith, CFO 
 
 Singer Capital Markets (Nominated Adviser 
  & Broker)                                          +44 (0) 20 7496 3000 
 Peter Steel, Alex Bond, Daniel Dearden-Williams 
  (Corporate Finance) 
 Rachel Hayes (Corporate Broking) 
 
 Walbrook Financial PR                               +44 (0) 20 7933 8780 
 Tom Cooper                                         iinstem@walbrookpr.com 
 Nick Rome 
 Nicholas Johnson 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      Phil Reason 
      ---------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Executive Officer 
      ---------------------------------------  --------------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or auction 
        monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                                     Instem plc 
      ---------------------------------------  --------------------------------------- 
 b)    LEI                                      213800PILYUFNNROQX68 
      ---------------------------------------  --------------------------------------- 
 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                           Grant of nil cost options under 
        the financial                            the Company's LTIP 
        instrument, type 
        of instrument 
 
       Identification                           GB00B3TQCK30 
        code 
 
 b)    Nature of the 
        transaction                              Grant of nil cost options under 
                                                 the Company's LTIP 
      ---------------------------------------  --------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                                --------------  -------------------- 
                                                 Price           Volume(s) 
                                                --------------  -------------------- 
    Nil                                                          25,000 
   -----------------------------------------------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated                             N/A - Single transaction 
   volume 
 
  - Price 
 
 e)    Date of the transaction                  27 September 2021 
      ---------------------------------------  --------------------------------------- 
 f)    Place of the                             Off-market transaction 
        transaction 
      ---------------------------------------  --------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Nigel Goldsmith 
      ------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                       Chief Financial Officer 
      ------------------------------------  -------------------------------------- 
 b)    Initial notification                  Initial 
        /Amendment 
      ------------------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or auction 
        monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                                  Instem plc 
      ------------------------------------  -------------------------------------- 
 b)    LEI                                   213800PILYUFNNROQX68 
      ------------------------------------  -------------------------------------- 
 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                        Ordinary shares of 10p each 
        the financial 
        instrument, type 
        of instrument 
 
       Identification                        GB00B3TQCK30 
        code 
 
 b)    Nature of the                         Grant of nil cost options under 
        transaction                           the Company's LTIP 
      ------------------------------------  -------------------------------------- 
 c)    Price(s) and 
        volume(s) 
                                             -----------------  ---------------- 
                                              Price(s)           Volume(s) 
                                             -----------------  ---------------- 
    Nil                                                          25,000 
   -----------------------------------------------------------  ---------------- 
 
 d)    Aggregated information                N/A - Single Transaction 
 
  - Aggregated 
   volume 
 
  - Price 
 
 e)    Date of the transaction               27 September 2021 
      ------------------------------------  -------------------------------------- 
 f)    Place of the                          Off-market transaction 
        transaction 
      ------------------------------------  -------------------------------------- 
 

About Instem

Instem is a leading provider of IT solutions & services to the life sciences market delivering compelling solutions for Study Management, Regulatory Submissions, Clinical Trial Acceleration and Informatics-based Insight Generation.

Instem solutions are in use by over 700 customers worldwide, including all the largest 25 pharmaceutical companies, enabling clients to bring life enhancing products to market faster. Instem's portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonisation of actionable scientific information.

Instem products and services address aspects of the entire drug development value chain, from discovery through to market launch. Management estimate that over 50% of all drugs on the market have been through some part of Instem's platform at some stage of their development.

To learn more about Instem solutions and its mission, please visit www.instem.com

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September 28, 2021 02:00 ET (06:00 GMT)

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