TIDMMTPH

RNS Number : 3774F

Midatech Pharma PLC

15 July 2021

15 July 2021

Midatech Pharma PLC

("Midatech" or the "Company")

Grant of Options

PDMR dealings

Midatech Pharma PLC (AIM: MTPH.L; Nasdaq: MTP), a drug delivery technology company focused on improving the bio-delivery and bio-distribution of medicines announces that options over a total of 1,924,000 ordinary shares of 0.1 pence each in the capital Company have been granted to employees under the 2014 Midatech Pharma plc Enterprise Management Incentive Scheme ("Options").

Of these Options, 750,000 in aggregate have been granted to two executives designated as PDMRs; Stephen Stamp, Chief Executive Officer, Chief Financial Officer and director of the Company and Dmitry Zamoryakhin, Chief Scientific Officer resulting in them having the following interests in the Company:

 
Director              Award of Options  Resulting interest  Current shareholding 
                                                in options        in the Company 
Stephen Stamp - 
 Chief Executive 
 Officer, Chief 
 Financial Officer             500,000             830,000                50,000 
Dmitry Zamoryakhin 
 - Chief Scientific 
 Officer                       250,000             250,000                     - 
 

The Options have an exercise price of 27.75 pence per share, being the mid-market closing price on 14 July 2021. The Options will vest 25% upon the one year anniversary of grant, with the remainder vesting in 12 equal tranches quarterly over the following three years. Once vested, the options will be exercisable until 14 June 2031.

The Options granted represent 1.95 per cent. of the issued share capital.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    Stephen Stamp 
      -------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Executive Officer, Chief Financial 
                                               Officer 
      -------------------------------------  ---------------------------------------------- 
 b)    Initial notification                   Initial notification 
        /Amendment 
      -------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------- 
 a)    Name                                   Midatech Pharma plc 
      -------------------------------------  ---------------------------------------------- 
 b)    LEI                                    549300GKR2G40H3QFY57 
      -------------------------------------  ---------------------------------------------- 
 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                     Options over Ordinary shares of 0.1 
        financial instrument,                  pence each in Midatech Pharma plc 
        type of instrument 
 
       Identification code                    GB00BKT14T00 
 
 b)    Nature of the transaction              Grant of Options over Ordinary shares 
      -------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ---------------------  -------------------- 
                                               Price(s)               Volume(s) 
                                              ---------------------  -------------------- 
                                               27.75p                 500,000 
                                              ---------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    As above 
 
  - Price 
 
 e)    Date of the transaction                15 June 2021 
      -------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction               Off market transaction 
      -------------------------------------  ---------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Dmitry Zamoryakhin 
      -------------------------------------  ------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Scientific Officer 
      -------------------------------------  ------------------------------------------- 
 b)    Initial notification                   Initial notification 
        /Amendment 
      -------------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                   Midatech Pharma plc 
      -------------------------------------  ------------------------------------------- 
 b)    LEI                                    549300GKR2G40H3QFY57 
      -------------------------------------  ------------------------------------------- 
 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                     Options over Ordinary shares of 0.1 
        financial instrument,                  pence each in Midatech Pharma plc 
        type of instrument 
 
       Identification code                    GB00BKT14T00 
 
 b)    Nature of the transaction              Grant of Options over Ordinary shares 
      -------------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              -------------------  ------------------- 
                                               Price(s)             Volume(s) 
                                              -------------------  ------------------- 
                                               27.75 p              250,000 
                                              -------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                    As above 
 
  - Price 
 
 e)    Date of the transaction                15 June 2021 
      -------------------------------------  ------------------------------------------- 
 f)    Place of the transaction               Off market transaction 
      -------------------------------------  ------------------------------------------- 
 

For more information, please contact:

 
 Midatech Pharma PLC 
 Stephen Stamp, CEO, CFO 
 Tel: +44 (0)29 2048 0180 
 www.midatechpharma.com 
 
 Panmure Gordon (UK) Limited (Nominated Adviser and Joint 
  Broker) 
 Freddy Crossley, Emma Earl (Corporate Finance) 
 Rupert Dearden (Corporate Broking) 
 Tel: +44 (0)20 7886 2500 
 
 Turner Pope Investments (TPI) Limited (Joint Broker) 
 Andrew Thacker / James Pope (Corporate Broking) 
  Tel: +44(0)20 3657 0050 
 IFC Advisory Limited (Financial PR and UK Investor Relations) 
 Tim Metcalfe / Graham Herring 
 Tel: +44 (0)20 3934 6630 
 Email: midatech@investor-focus.co.uk 
 
 Edison Group (US Investor Relations) 
  Maxwell Colbert 
  Tel: +1 (646) 653 7028 
  Email: mcolbert @edisongroup.com 
 

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END

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July 15, 2021 05:28 ET (09:28 GMT)

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