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Allergy Therapeutics plc issued certificates on 14 January 2025 for a total of 687,500,000 warrants to subscribe for new ordinary shares. These warrants, with an exercise price of 4 pence per warrant and exercisable until 15 October 2030, were distributed to SkyGem Acquistion Limited (457,937,500 warrants) and Southern Fox Investments Limited (229,562,500 warrants).
| Date | 15 Jan 2025 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 3360T |
Allergy Therapeutics plc
("Allergy Therapeutics" or the "Company")
PDMR Dealings
Issue of 687,500,000 Warrants
15 January 2025 - Allergy Therapeutics plc (AIM: AGY), the fully integrated commercial biotechnology company specialising in allergy vaccines, today announces that, further to the Company's announcements on 16 October 2024 and 27 December 2023, it has issued certificates in respect of 687,500,000 warrants to subscribe for new ordinary shares in the Company ("Warrants").
As previously announced, pursuant to the terms of the £50 million loan facility under the facility agreement dated 6 April 2023 with SkyGem Acquistion Limited (an affiliate of ZQ Capital Management Limited) ("SkyGem") and Southern Fox Investments Limited ("Southern Fox"), as amended from time to time, ("the Amended Loan Facility") the Company agreed to issue 25 Warrants for every £1 drawn under the Amended Loan Facility at an exercise price of 4 pence per Warrant and exercisable on or prior to 15 October 2030. The Company confirms that is has now issued certificates in respect of 457,937,500 Warrants to SkyGem and 229,562,500 Warrants to Southern Fox in accordance with the terms of the Amended Loan Facility.
In addition to these Warrants, each of Sky Gem and Southern Fox hold 16,666,666 Warrants with an exercise price of 30 pence per Warrant and exercisable until 28 February 2028.
For further information, please contact:
Allergy Therapeutics
Manuel Llobet, Chief Executive Officer
Shaun Furlong, Chief Financial Officer
+44 (0)1903 845 820
Cavendish Capital Markets Limited (Nominated Adviser and Broker)
Geoff Nash /Giles Balleny/ Seamus Fricker / Rory Sale
Nigel Birks - Life Science Specialist Sales
Tamar Cranford Smith - Sales
+44 (0)20 7220 0500
ICR Healthcare
Mary-Jane Elliott / David Daley / Davide Salvi
+44 (0)20 3709 5700
Notes for editors:
About Allergy Therapeutics
Allergy Therapeutics is an international commercial biotechnology company, headquartered in the UK, focussed on the treatment and diagnosis of allergic disorders, including aluminium free immunotherapy vaccines that have the potential to cure disease. The Group sells proprietary and third-party products from its subsidiaries in nine major European countries and via distribution agreements in an additional ten countries. For more information, please see www.allergytherapeutics.com.
Notification and public disclosure of transactions by Director/persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Southern Fox Investments Limited
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2 |
Reason for the notification |
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a) |
Position/status |
Persons closely associated Mr. Anthony Parker, Non-Executive Director of Allergy Therapeutics Plc. |
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b) |
Initial notification/Amendment |
Initial notification. |
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3 |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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a) |
Name |
Allergy Therapeutics Plc |
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b) |
LEI |
213800PQ7AHK7KGVOE23 |
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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
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Warrant Instrument |
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b) |
Nature of the transaction |
Issue of warrants representing subscription rights for ordinary shares of £0.001 each.
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c) |
Price(s) and volume(s) |
Exercise Price(s) |
Volume(s) |
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£0.04 (4 pence) per warrant |
229,562,500 |
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d) |
Aggregated information · - Aggregated volume · - Price |
n/a |
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e) |
Date of the transaction |
14 January 2025 |
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f) |
Place of the transaction |
Outside a trading venue. |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
ZQ Capital Management Limited |
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2 |
Reason for the notification |
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a) |
Position/status |
Persons closely associated Mr. Zheqing Shen, Non-Executive Director of Allergy Therapeutics Plc. |
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b) |
Initial notification/Amendment |
Initial notification. |
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3 |
Details of the issuer, UK emission allowance market participant, auction platform or auctioneer |
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a) |
Name |
Allergy Therapeutics Plc |
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b) |
LEI |
213800PQ7AHK7KGVOE23 |
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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
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Warrant Instrument |
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b) |
Nature of the transaction |
Issue of warrants representing subscription rights for ordinary shares of £0.001 each.
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c) |
Price(s) and volume(s) |
Exercise Price(s) |
Volume(s) |
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£0.04 (4 pence) per warrant |
457,937,500 |
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d) |
Aggregated information · - Aggregated volume · - Price |
n/a |
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e) |
Date of the transaction |
14 January 2025 |
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f) |
Place of the transaction |
Outside a trading venue. |
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