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Scancell Hlds - Director Dealing

RNS Number : 1454L
Scancell Holdings Plc
28 April 2020
 

28 April 2020

 

Scancell Holdings plc

("Scancell" or the "Company")

 

Director Dealing

 

Scancell (AIM: SCLP), the developer of novel immunotherapies for the treatment of cancer announces that Vulpes Life Science Fund, a person closely associated with Martin Diggle, Non- Executive Director, has sold 1,500,000 ordinary shares of 0.1p each ('Ordinary Shares') in the Company on 27 April 2020 at a price of 8p per share. Following the sale, Vulpes Life Science Fund holds 78,549,311 ordinary shares representing 16.9% of the company.

 

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

Vulpes Life Science Fund

2

Reason for the notification

a)

Position/status

Person closely associated with Martin Diggle, 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

Scancell Holdings plc

b)

LEI

2138008RXEG856SNP666

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 0.1 pence each

b)

Identification Code

GB00B63D3314

c)

Nature of the transaction

Sale of Ordinary Shares




d)

Price(s) and volume(s)

1,500,000 Ordinary Shares

8 pence per Ordinary Share

e)

Aggregated information

- Aggregated volume

- Price

 

N/A (single transaction)

 

f)

Date of the transaction

27 April 2020

g)

Place of the transaction

London Stock Exchange, AIM

 

 

- ENDS -

 

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

 

For more information, please contact:

 

Scancell Holdings plc

+44 (0)20 3727 1000

Dr John Chiplin, Chairman


Dr Cliff Holloway, CEO




Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker)

+44 (0) 20 7886 2500

Corporate Finance: Freddy Crossley, Emma Earl


Corporate Broking: James Stearns




FTI Consulting

+44 (0)20 3727 1000

Simon Conway


Natalie Garland-Collins


 

 

Notes for Editors

 

About Scancell

 

Scancell is developing novel immunotherapies for the treatment of cancer based on its ImmunoBody® and Moditope® technology platforms.

 

ImmunoBody® vaccines target dendritic cells and stimulate both parts of the cellular immune system. They have the potential to be used as monotherapy or in combination with checkpoint inhibitors and other agents. This platform has the potential to enhance tumour destruction, prevent disease recurrence and extend survival.

 

·      SCIB1, the lead programme, is being developed for the treatment of melanoma. A phase 1/2 clinical trial has so far successfully demonstrated survival data of more than five years.

 

·      SCIB2 is being developed for the treatment of non-small cell lung cancer and other solid tumours. Scancell has entered into a clinical development partnership with Cancer Research UK (CRUK) for SCIB2.

 

Moditope® represents a completely new class of potent and selective immunotherapy agents based on stress-induced post-translational modifications (siPTM). It stimulates the production of killer CD4 T cells which overcome the immune suppression induced by tumours, allowing activated T cells to seek out and kill tumour cells that would otherwise be hidden from the immune system. Moditope® alone, or in combination with other agents, has the potential to treat a wide variety of cancers.

 

·      Modi-1 is being developed for the treatment of solid tumours including triple negative breast cancer, ovarian cancer and head and neck cancer.

 

AvidiMab™ is a patent protected technology platform which increases the avidity of human antibodies by promoting non-covalent Fc-Fc interactions. This modification induces the direct tumour cell killing properties of Scancell's anti-glycan monoclonal antibodies (mAbs) but has broad potential to increase the avidity or potency of any therapeutic monoclonal antibody including those being developed for autoimmune diseases, as well as cancer.

 

In response to the COVID-19 pandemic, Scancell has turned its clinical expertise in cancer to produce a simple, safe, cost-effective and scalable vaccine to induce both durable T cell responses and virus neutralising antibodies against SARS-Cov-2, the virus that causes COVID-19. The Company believes this combined T cell and antibody approach should give more potent and long-lasting responses, ultimately leading to better protection.

 

For further details, please see our website:  www.scancell.co.uk 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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