Releases Details

Grant of Options and PDMR Dealing

Jan 5, 2024
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RNS Number : 7228Y
MaxCyte, Inc.
05 January 2024
 

 

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Grant of Options and PDMR Dealing

 

ROCKVILLE, MD, 5 January 2024: 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 therapeutics and innovative bioprocessing applications to support innovative, cell-based research, announces that on 3 January 2024, 400,000 options of common stock in the Company ("Common Stock") were granted to Maher Masoud, President, Chief Executive Officer and Director of the Company pursuant to a pre-agreed arrangement in connection with his appointment as President, Chief Executive Officer and Director of the Company as announced on 12 December 2023.

 

The options granted vest 12/48th of the total grant on 2 January 2025, and 1/48th of the total shares will vest each month thereafter on the same day of the month. The options granted 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 3 January 2024, being $4.42 on the Nasdaq Stock Exchange.

 

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

ICR Consilium

Mary-Jane Elliott

Chris Welsh

 

+44 (0)203 709 5700

maxcyte@consilium-comms.com

 

 

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.

 

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

 

 

Maher Masoud

2

 

Reason for the notification

 

a)

 

Position/status

 

 

President, CEO and 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)




$4.42

400,000







d)

 

Aggregated information




- Aggregated volume

400,000



- Price

$4.42



e)

 

Date of the transaction

 

 

January 3, 2024

f)

 

Place of the transaction

 

 

US Stock Exchange, Nasdaq

 

 

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