Medgenics Inc Directors Dealings (2007A)
17 Février 2014 - 9:00AM
UK Regulatory
TIDMMEDG TIDMMEDU
RNS Number : 2007A
Medgenics Inc
17 February 2014
Press Release 17 February 2014
Directors Dealings
Medgenics, Inc. (AIM: MEDU, MEDG and NYSE MKT: MDGN), the
developer of Biopump(TM) , a novel technology for the sustained
production and delivery of therapeutic proteins in patients using
their own tissue, announces that, on 12 February 2014, it was
informed by Andrew Pearlman, a Director of the Company who retired
as CEO in September 2013, that he exercised options under a
personal stock trading plan established in accordance with both the
guidelines established by Rule 10b5-1 under the U.S. Securities and
Exchange Act of 1934, as amended, and the AIM Rules for Companies
as well as the Company's policies with respect to insider sales for
11,168 shares of common stock at an exercise price of US$3.14 per
share. He sold 11,168 shares at a price of US$9.00 per share.
The stock was sold for personal financial planning purposes
including the payment of taxes in connection with the exercise of
stock options. Following this option exercise and sale, Dr.
Pearlman owns 42,375 shares of common stock representing
approximately 0.2 per cent of the issued share capital. Dr.
Pearlman also has the right to purchase up to 1,044,800 shares of
common stock pursuant to warrants and options previously granted
(in aggregate Dr. Pearlman's shares of common stock, warrants, and
options represent 1,087,175 shares of common stock which represent
approximately 5.8 per cent of the issued share capital).
This announcement is being made pursuant to the London Stock
Exchange's AIM Rules for Companies admitted to trading on the AIM
market.
About Medgenics
Medgenics is developing and commercializing Biopump(TM), a
proprietary tissue-based platform technology for the sustained
production and delivery of therapeutic proteins using the patient's
own tissue for the treatment of a range of chronic diseases
including anemia, hepatitis, among others. For more information,
please visit www.medgenics.com.
Contacts:
Medgenics, Inc.
John Leaman, CFO
john.leaman@medgenics.com
Abchurch Communications
Joanne Shears / Jamie Hooper
/ Harriet Rae
harriet.rae@abchurch-group.com +44 207 398 7718
Oriel Securities (NOMAD & Broker)
Jonathan Senior / Giles Balleny +44 207 710 7617
-Ends-
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