Director/PDMR Shareholding

May 25, 2021
PDF Version
RNS Number : 7052Z
Renalytix AI PLC
25 May 2021
 

Renalytix AI plc 

 

("Renalytix" or the "Company")

 

Director/PDMR Dealing

 

New York, 25 May 2021 - Renalytix (LSE: RENX) announces that it has been advised of the sale by James McCullough, the Company's Chief Executive Officer, of 10,462 American Depositary Shares ("ADS"), each representing two ordinary shares of £0.0025 each in the capital of the Company ("Ordinary Shares"), under a Rule 10b5-1 trading plan established in accordance with Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended, and the EU Market Abuse Regulation as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

 

Rule 10b5-1 plans permit directors, officers and other company insiders to adopt, at times when they are not in possession of material, non-public information, or inside information, written plans for trading securities in a non-discretionary, pre-scheduled manner in the future.

 

Following completion of the sale, James McCullough is interested in 2,740,110 Ordinary Shares representing 3.80% of the current issued share capital of the Company. This includes shares held by his family trust, The McCullough 2020 Irrevocable Trust.

 

The information contained in this notification is disclosed in accordance with the requirements of MAR.

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

James McCullough

 

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer

 

 

b)

Initial notification /Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Renalytix AI plc

 

b)

Legal Entity Identifier

213800NTOH3FK3WER551

 

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

 

Identification code

ADS', each ADS representing two Ordinary Shares of £0.0025 each.

 

 

US75973T1016

 

b)

Nature of the transaction

Sale of ADS' under a 10b5-1 trading plan

 

c)

Currency

 

US Dollar

d)

Price(s) and volume(s)

Price(s)

Volume(s)

$32.248071

 

8,200 ADS (representing 16,400 Ordinary Shares)

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

 

8,200 ADS (representing 16,400 Ordinary Shares)

$32.248071

$264,434.18

 

f)

Date of the transaction

21 May 2021

 

g)

Place of the transaction

Nasdaq Stock Exchange

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

James McCullough

 

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer

 

 

b)

Initial notification /Amendment

 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name

Renalytix AI plc

 

b)

Legal Entity Identifier

213800NTOH3FK3WER551

 

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

 

Identification code

ADS', each ADS representing two Ordinary Shares of £0.0025 each.

 

 

US75973T1016

 

b)

Nature of the transaction

Sale of ADS' under a 10b5-1 trading plan

 

c)

Currency

 

US Dollar

d)

Price(s) and volume(s)

Price(s)

Volume(s)

$32.274704

 

2,262 ADS (representing 4,524 Ordinary Shares)

 

e)

Aggregated information

- Aggregated volume

- Price

- Aggregated total

 

 

2,262 ADS (representing 4,524 Ordinary Shares)

$32.274704

$73,005.38

 

f)

Date of the transaction

24 May 2021

 

g)

Place of the transaction

Nasdaq Stock Exchange

 

For further information, please contact:

 

Renalytix 

www.renalytixai.com

 

James McCullough, CEO

Via Walbrook PR

 

 

 

 

Stifel (Nominated Adviser, Joint Broker)

Tel: 020 7710 7600

 

Alex Price / Nicholas Moore 

 

 

 

 

 

Investec Bank plc (Joint Broker)

Tel: 020 7597 4000

 

Gary Clarence / Daniel Adams

 

 

 

 

 

Walbrook PR Limited

Tel: 020 7933 8780 or renalytix@walbrookpr.com 

Paul McManus / Lianne Cawthorne

Mob: 07980 541 893 / 07584 391 303
       

 

 

About Kidney Disease 

Kidney disease is now recognized as a public health epidemic affecting over 850 million people globally.  The Centers for Disease Control and Prevention (CDC) estimates that 15% of US adults, or 37 million people, currently have chronic kidney disease (CKD).  Further, the CDC reports that 9 out of 10 adults with CKD do not know they have it and 1 out of 2 people with very low kidney function who are not on dialysis do not know they have CKD*. Kidney disease is referred to as a "silent killer" because it often has no symptoms and can go undetected until a very advanced stage.  Each year kidney disease kills more people than breast and prostate cancer.  Every day, 13 patients in the United States die while waiting for a kidney transplant.

 

*  https://www.cdc.gov/kidneydisease/publications-resources/2019-national-facts.html

 

About RenalytixAI

RenalytixAI is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease, one of the most common and costly chronic medical conditions globally. RenalytixAI's products are being designed to make significant improvements in kidney disease diagnosis, transplant management, clinical care, patient stratification for drug clinical trials, and drug target discovery. For more information, visit www.renalytixai.com 

 

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