WideCells Group


WideCells Group PLC Director Purchases and Grant of Options

News Release | Newsroom

31 January 2017

WideCells Group PLC (‘WideCells Group’ or ‘the Company’) Director Purchases and Grant of Options

WideCells Group PLC, the healthcare services company focused on providing stem cell services and ground breaking insurance for stem cell treatment, is pleased to announce that Chairman Dr. Graham Hine, Chief Executive Officer João Andrade, Chief Financial Officer David Bridgland, Chief Operating Officer Lopes Gil and Non-Executive Director Marilyn Orcharton have purchased a combined total of 100,000 new ordinary shares in the Company (the 'Director Purchases').

Additionally, the Company announces that between December 2016 and January 2017 the Company granted options (‘Options’) over 380,000 ordinary shares of 0.25 pence each in the capital of the Company (‘Ordinary Shares’) pursuant to the Company's EMI Share Option Plan.  The Options have been granted to employees of the Company in recognition of their significant contribution towards progressing WideCell’s innovative stem cell services offering.  The Options are exercisable at 14 pence per Ordinary Share, being the closing market price on 14 December 2016, with an expiry date for exercise of 14 December 2026.

Director Purchases

Details of the Director Purchases can be found in the table below:

Director

Number of Shares Purchased

Share Purchase Price

Number of shares held following the Director Purchase

Share Capital (%) following the Director Purchase

Graham Hine

20,000

13.37p

3,198,698

5.92%

João Andrade

20,000

13.25p

8,020,000

14.84%

David Bridgland

20,000

13.375p

252,552

0.47%

Lopes Gil

20,000

13.25p

8,020,000

14.84%

Marilyn Orcharton

20,000

13.445p

135,952

0.25%

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 persons discharging managerial responsibilities and persons closely associated with them.

1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

  1. Graham Hine
  2. João Andrade
  3. David Bridgland
  4. Lopes Gil
  1. Marilyn Orcharton

2

Reason for the notification

a)

Position/status

 

Directors of the Company

b)

Initial notification /Amendment

 

Initial Notification

3

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

a)

Name

WideCells Group PLC

b)

LEI

n/a

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

 

Ordinary shares of 0.25 pence each

b)

Identification code 

 

GB00BD060S65

c)

 

Nature of the transaction 

 

Purchase of Shares

 

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

1.   13.37p

2.   13.25p

3.   13.375p

4.   13.25p

5.   13.445p

20,000

20,000

20,000

20,000

20,000

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

100,000

13.338p

e)

 

Date of the transaction 

30 January 2017

f)

 

Place of the transaction

London Stock Exchange

Grant of Options

The 380,000 options will vest as follows (approximate):

  • 126,666 immediately;
  • 126,666 on 14 December 2017; and
  • 126,667 on 14 December 2018, subject to continuous employment, except that they will vest automatically upon the sale of the Company.

**ENDS**

For further information, please visit the Company’s website www.widecellsgroup.com, follow us on Twitter @WideCells_Group or contact:

WideCells Group

CEO – João Andrade

Tel:  +351 919 033 171

Vicarage Capital Ltd

Broker – Jeremy Woodgate & Rupert Williams

Tel: +44 (0) 20 3651 2912

Shard Capital Partners LLP

Broker – Damon Heath & Erik Woolgar

Tel: +44 (0) 207 186 9950

St Brides Partners Ltd

PR – Elisabeth Cowell & Charlotte Page

Tel: +44 (0) 20 7236 1177

Notes to Editors

WideCells Group PLC is building an integrated stem cell services company, focused on making stem cell treatments accessible and affordable. The Directors believe that the use of cord blood stem cells for transplant will drive one of the next important phases in medicine and is therefore developing market leading products in complementary, strategic areas which are designed to take advantage of substantial market opportunities in one of the fastest growing segments in the healthcare industry.  With this in mind, it has created three divisions:

  • CellPlan: the world’s first stem cell healthcare insurance plan with financial cover for medical treatment, travel and accommodation expenses and concierge service to manage the treatment process
  • WideCells: the Institute of Stem Cell Technology has been established and is based in the University of Manchester Innovation Center to focus on stem cell research and regenerative medicine. WideCells also has international cryogenics divisions specialising on stem cell storage.
  • WideAcademy: developing an education and training division to promote awareness of the benefits of stem cell storage across the global general practice community.

The Group has built an experienced senior management team that has been integral to the development of its growth and business to date.

Stem Cell Fast Facts:

  • Cord blood (which is taken from the umbilical cord) provides the most effective source of stem cells for families due to it being simple, safe and painless to collect relative to other sources of stem cells such as bone marrow – WideCells will focus on promoting the collection and storage of this.
  • Since 2005, there has been a 300% increase in the number of illnesses that can be treated using stem cells
  • 82 illnesses can currently be treated using stem cell procedures
  • Despite initial storage often costing no more than a few £thousand, actual treatment can cost in the £hundreds of thousands

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).

Sources

WideCells Group PLC