Releases Details

Director Dealings and Issue of Equity

Jul 16, 2020

Released : July 16, 2020 18:04

 
RNS Number : 2766T
MaxCyte, Inc.
16 July 2020
 

 

 

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Director Dealings and Issue of Equity

 

Gaithersburg, Maryland - 16 July 2020: MaxCyte (LSE: MXCT, MXCS), the global cell-based medicines and life sciences company, announces that Doug Doerfler, Chief Executive Officer and Founder of the Company and Ron Holtz, Chief Financial Officer, have exercised options over 575,000 shares of common stock of $0.01 of the Company ("Common Stock") ("Exercise") in aggregate. The 575,000 new shares of Common Stock issued pursuant to the Exercise ("New Common Stock") have today been sold by Doug Doerfler and Ron Holtz at a price of 220 pence per Common Stock ("Sale"). The sold shares represent approximately 11.0 % and 11.2%  of Mr. Doerfler's and Mr. Holtz's total equity and option holdings in the Company's equity, respectively. This share sale is the first sale of any of Mr. Doerfler's or Mr. Holtz's equity in the Company since it's founding in 1999 and Mr. Doerfler and Mr. Holtz have no current intention of making further sales of MaxCyte shares.

 

Following the Exercise and Sale, Mr Doerfler's holding of Common Stock remains unchanged at a total of 433,197 Common Stock and Mr Holtz's holding of Common Stock remains unchanged at a total of 150,251 Common Stock, representing 0.57% and 0.20%, respectively, of the enlarged issued share capital of the Company and following the Exercise, Mr. Doerfler and Mr. Holtz hold a further 2,813,480 and 1,239,892 options over Common Stock.

 

Total voting rights

Application will be made for admission of the 575,000 New Common Stock to trading on AIM, which is anticipated to occur at 8:00am on 23 July 2020 ("Admission"). The New Common Stock will rank pari passu with the existing shares of common stock of the Company and will trade in the unrestricted line of Common Stock trading under the symbol MXCT. The total issued stock capital of the Company following the above will be 77,160,006 shares of common stock. Shareholders in the Company may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the stock capital of the Company.

 

The number of unrestricted shares of Common Stock trading under the symbol 'MXCT' is 67,259,917 and the number of restricted shares of Common Stock trading under the symbol 'MXCL' is 9,900,089.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

 

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)

Name

Doug Doerfler

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

MaxCyte, Inc.

b)

LEI

54930053YHXULRFCU991

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

Exercise of options and Sale of Common Stock

b)

Identification Code

US57777K1060

c)

Nature of the transaction

Exercise of options and Sale of Common Stock by PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

220 pence

 

400,000 (option exercise)

400,000 (sale of common stock)

e)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

N/A

f)

Date of the transaction

16 July 2020

g)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ron Holtz

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

MaxCyte, Inc.

b)

LEI

54930053YHXULRFCU991

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

Exercise of options and Sale of Common Stock

b)

Identification Code

US57777K1060

c)

Nature of the transaction

Exercise of options and Sale of Common Stock by PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

220 pence

 

175,000 (option exercise)

175,000 (sale of common stock)

e)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

N/A

f)

Date of the transaction

16 July 2020

g)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

About MaxCyte

MaxCyte is a clinical-stage global cell-based therapies and life sciences company. As the inventors of the premier cell-engineering enabling technology, the Company helps bring the promise of next-generation cell and gene-editing therapies to life. The Company's technology is currently being deployed by leading drug developers worldwide, including all of the top ten global biopharmaceutical companies. MaxCyte licences have been granted for more than 120 cell therapy programmes, with more than 90 licensed for clinical use, and the Company has now entered into eleven clinical/commercial license partnerships with leading cell therapy and gene editing developers. MaxCyte was founded in 1998, is listed on the London Stock Exchange (AIM:MXCT, MXCL) and is headquartered in Gaithersburg, Maryland, US. For more information, visit  www.maxcyte.com 

 

For further information, please contact:

 

MaxCyte Inc.

Doug Doerfler, Chief Executive Officer

Ron Holtz, Chief Financial Officer

 

+1 301 944 1660

 

Nominated Adviser and Joint Corporate Broker

Panmure Gordon

Emma Earl

Freddy Crossley

Corporate Broking

James Stearns

 

 

+44 (0)20 7886 2500

 

Joint Corporate Broker

Numis Securities Limited

James Black

Duncan Monteith

 

+44 (0)20 7260 1000

Financial PR Adviser

Consilium Strategic Communications

Mary-Jane Elliott

Chris Welsh

Sukaina Virji

 

 

 

+44 (0)203 709 5700

maxcyte@consilium-comms.com

 

 


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