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Grant of options

MINT

RNS Number : 0971B
MaxCyte, Inc.
14 June 2016
 

 

14 June 2016

MaxCyte, Inc.

("MaxCyte" or the "Company")

 

Grant of Options

 

Maryland, USA - MaxCyte (LSE: MXCT), an established and revenue generating US-based developer and supplier of cell engineering technology to biotechnology and pharmaceutical firms engaged in cell therapy, drug discovery and development, biomanufacturing, gene editing and immuno-oncology, announces that it granted, effective of today, options over a total of 709,900 common stock of $0.01 per share in the Company ("Common Stock") to certain directors and applicable employees of the Company ("Option Grants"). Details of the Option Grants are given below:

 

Individual

Number of options granted

Exercise price per option

Resulting total number of options outstanding

Doug Doerfler, CEO

296,000

81.50p

1,841,080

Ron Holtz, CFO

134,800

81.50p

790,092

Madhusudan Peshwa, CSO

136,100

81.50p

916,393

Stark Thompson, NED

20,400

81.50p

213,733

Art Mandell, NED

20,400

81.50p

20,400

Stan Erck, NED

20,400

81.50p

163,467

Will Brooke, NED

40,900

81.50p

40,900

John Johnston, NED

40,900

81.50p

40,900

 

Option Grants vest ratably on a monthly basis following grant (i) for Doug Doerfler, Ron Holtz and Madhusudan Peshwa, over 48 months, (ii) for Will Brooke and John Johnston, over 36 months, and (iii) for Stan Erck, Art Mandell and Stark Thompson, over 12 months. The Option Grants have an exercise period of 10 years from date of grant, at which time they will expire.

 

Certain other employees and one consultant have received Option Grants over a total of 392,300 Common Stock, effective of today, at an exercise price of 81.50p per option, which have an exercise period of 10 years.

 

- Ends -

 

 

For further information please contact:

 

MaxCyte

+1 301 944 1660

Doug Doerfler, Chief Executive Officer

Ron Holtz, Chief Financial Officer




Nominated Adviser and Broker

Panmure Gordon

Freddy Crossley (Corporate Finance)

Fabien Holler

Duncan Monteith

Tom Salvesen (Corporate Broking)

 

+44 (0) 20 7886 2500

 

Financial PR Advisor

Consilium Strategic Communications

+44 (0)203 709 5700

maxcyte@consilium-comms.com

Mary-Jane Elliott

Chris Welsh

Lindsey Neville


 

About MaxCyte

 

MaxCyte is an established and revenue generating US-based developer and supplier of cell engineering technology to biotechnology and pharmaceutical firms engaged in cell therapy, drug discovery and development, biomanufacturing, gene editing and immuno-oncology. The Company's patented flow electroporation technology enables its products to deliver fast, reliable and scalable cell engineering to drive the research and clinical development of a new generation of cell-based medicines.

 

MaxCyte's high performance platform allows transfection with any molecule or multiple molecules and is compatible with nearly all cell types, including hard-to-transfect human primary cells. It also provides a high degree of consistency and minimal cell disturbance, thereby facilitating rapid, large scale, commercial and clinical grade cell engineering in a non-viral system and with low toxicity concerns. The Company's cell engineering technology platform is CE-marked and FDA-accredited, providing MaxCyte's customers with an established regulatory path.

 

MaxCyte is developing CARMA, its proprietary platform in immuno-oncology, to deliver a validated non-viral approach to CAR therapies in a number of cancer indications, including solid tumors.

 

For more information visit http://www.maxcyte.com/

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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