Releases Details

Grant of Options

Jun 23, 2023
PDF Version
RNS Number : 7871D
MaxCyte, Inc.
23 June 2023
 

 

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Grant of Options

 

ROCKVILLE, MD, June 23, 2023: MaxCyte Inc., (NASDAQ: MXCT; LSE: MXCT), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell-based therapeutics and to support innovative, cell-based research, announces that on 22 June 2023, a total of 400,000 options of common stock in the Company ("Common Stock") were granted to PDMRs who are non-executive directors of the Company. These annual option grants were made pursuant to the Company's Equity Grant Policy for non-executive directors ("Option Grants"). Details of the Option Grants are given below:

 

Option Grants to PDMRs


Al-Wakeel, Yasir

50,000

Brooke, Will

50,000

Balthrop, Patrick

50,000

Douglas, Richard

50,000

Erck, Stanley

50,000

Hemrajani, Rekha

50,000

Johnston, John

50,000

Mandell, Art

50,000

Total

400,000

 

Option Grants for non-executive directors fully vest at the end of twelve (12) months after date of grant.  (1 year cliff until fully vested).

 

The Options Grants have an exercise period of 10 years from date of grant, at which time they will expire, and have an exercise price equal to the closing price of MaxCyte's stock on 22 June 2023, of $4.57 on the United States Nasdaq Stock Exchange.

 

About MaxCyte

At MaxCyte, we pursue cell engineering excellence to maximize the potential of cells to improve patients' lives. We have spent more than 20 years honing our expertise by building best-in-class platforms, perfecting the art of the transfection workflow, and venturing beyond today's processes to innovate tomorrow's solutions. Our ExPERT™ platform, which is based on our Flow Electroporation® technology, has been designed to support the rapidly expanding cell therapy market and can be utilized across the continuum of the high-growth cell therapy sector, from discovery and development through commercialization of next-generation, cell-based medicines. The ExPERT family of products includes: four instruments, the ATx™, STx™, GTx™ and VLx ™; a portfolio of proprietary related processing assemblies or disposables; and software protocols, all supported by a robust worldwide intellectual property portfolio. By providing our partners with the right technology, as well as technical and regulatory support, we aim to guide them on their journey to transform human health. Learn more at maxcyte.com and follow us on Twitter and LinkedIn.

 

MaxCyte Contacts:

 

US IR Adviser

Gilmartin Group

David Deuchler, CFA

 

+1 415-937-5400

ir@maxcyte.com

 

Nominated Adviser and Joint Corporate Broker

Panmure Gordon

Emma Earl / Freddy Crossley

Corporate Broking

Rupert Dearden

 

+44 (0)20 7886 2500

 

UK IR Adviser

Consilium Strategic Communications

Mary-Jane Elliott

Chris Welsh

 

+44 (0)203 709 5700

maxcyte@consilium-comms.com

 

 

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

 

 

a)    Yasir Al-Wakeel

b)    Will Brooke

c)    Patrick Balthrop

d)    Richard Douglas

e)    Stanley Erck

f)     Rekha Hemrajani

g)    John Johnston

h)    Art Mandell

2

 

Reason for the notification

 

a)

 

Position/status

 

 

a)    Non-Executive Director

b)    Non-Executive Director

c)    Non-Executive Director

d)    Non-Executive Chairman

e)    Non-Executive Director

f)     Non-Executive Director

g)    Non-Executive Director

h)    Non-Executive Director

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

Common Stock of $0.01 each



Identification code

US57777K1060



b)

 

Nature of the transaction

 

 

Grant of options of common stock

c)

 

Price(s) and volume(s)







Exercise Price(s)

Volume(s)




a)    $4.57

50,000




b)    $4.57

50,000




c)    $4.57

50,000




d)    $4.57

50,000




e)    $4.57

50,000




f)     $4.57

50,000




g)    $4.57

50,000




h)    $4.57

50,000







d)

 

Aggregated information




- Aggregated volume

400,000



- Price

$4.57



e)

 

Date of the transaction

 

 

22 June 2023

f)

 

Place of the transaction

 

 

US Stock Exchange, Nasdaq

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFJMITMTITBJJ