Poolbeg Pharma PLC Announces Director Share Purchase
LONDON, UK / ACCESSWIRE / February 19, 2024 / Poolbeg Pharma (AIM:POLB)(OTCQB:POLBF)(‘Poolbeg’ or the ‘Company’), a biopharmaceutical company focussed on the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need, announces that it has received notification that on 19 February 2024, Cathal Friel, Executive Chairman of the Company, purchased 830,000 ordinary shares at a price of 11.68 pence per share (the “Purchase“).
Following the Purchase, Cathal holds 37,219,757 ordinary shares representing approximately 7.4 per cent of the Company’s issued share capital.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (as implemented into English law) (“MAR”). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquiries
| Poolbeg Pharma Plc | +44 (0) 207 183 1499 | |
| Jeremy Skillington, CEO | ||
| Ian O’Connell, CFO | ||
| Cavendish Capital Markets Ltd (Nominated Adviser & Joint Broker) | +44 (0) 207 220 0500 | |
| Geoff Nash, Charlie Beeson, Nigel Birks, Harriet Ward (ECM) | ||
| Singer Capital Markets (Joint Broker) | +44 (0) 207 496 3000 | |
| Phil Davies, Sam Butcher | ||
| J&E Davy (Joint Broker) | +353 (0) 1 679 6363 | |
| Anthony Farrell, Niall Gilchrist | ||
| Optimum Strategic Communications | +44 (0) 208 078 4357 | |
| Nick Bastin, Vici Rabbetts, Elena Bates | poolbeg@optimumcomms.com |
About Poolbeg Pharma
Poolbeg Pharma plc is committed to the development and commercialisation of innovative medicines targeting diseases with a high unmet medical need. Its model focusses upon developing its exciting clinical assets and commercialising approved and marketed drugs to fund the development of its robust pipeline of innovative products, thereby driving significant value creation.
Poolbeg is led by an experienced leadership team with a history of delivering significant shareholder value. The team has been strengthened by the appointment of three former members of the Amryt Pharma plc leadership team, with the intention of repeating Amryt’s success and generating near term revenues.
Poolbeg’s clinical programmes target large addressable markets including cancer immunotherapy-induced CRS, infectious disease, and metabolic conditions such as obesity with the development of an oral GLP-1R agonist. It uses a cost-effective development philosophy to generate high quality human data to support partnering and further development. Its AI-led infectious disease programmes analyse unique data from human challenge trials to identify clinically relevant drug targets and treatments, leading to faster development and greater commercial appeal.
For more information, please go to www.poolbegpharma.com or follow us on Twitter and LinkedIn @PoolbegPharma.
Forward-Looking Statements
This announcement may contain forward-looking statements and the words “expect”, “anticipate”, “intends”, “plan”, “estimate”, “aim”, “forecast”, “project” and similar expressions (or their negative) identify certain of these forward-looking statements. The forward-looking statements in this announcement are based on numerous assumptions and Poolbeg’s present and future business strategies and the environment in which Poolbeg expects to operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These statements are not guarantees of future performance or the ability to identify and consummate investments. Many of these risks and uncertainties relate to factors that are beyond Poolbeg’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the outcome of clinical trials, the actions of regulators and other factors such as Poolbeg’s ability to obtain financing, changes in the political, social and regulatory framework in which Poolbeg operates or in economic, technological or consumer trends or conditions. Past performance should not be taken as an indication or guarantee of future results, and no representation or warranty, express or implied, is made regarding future performance. No person is under any obligation to update or keep current the information contained in this announcement or to provide the recipient of it with access to any additional relevant information.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name of PDMR |
Cathal Friel |
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2 |
Reason for notification |
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a. |
Position/Status |
Executive Chairman |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Poolbeg Pharma plc |
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b. |
LEI |
213800UZ8WJLWYHBFL52 |
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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 |
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a. |
Description of the financial instrument, type of instrument Identification Code |
Ordinary shares of £0.002 each ISIN GB00BKPG7Z60 |
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b. |
Nature of the transaction |
Purchase of Ordinary Shares |
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c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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11.68p |
830,000 |
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d. |
Aggregated information – Aggregated Volume – Price |
As in 4c) above |
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e. |
Date of the transaction |
19 February 2024 |
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f. |
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
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SOURCE: Poolbeg Pharma PLC
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