Medgenics Inc Purchase of Common Stock by Director (8468V)
December 18 2013 - 8:30AM
UK Regulatory
TIDMMEDG TIDMMEDU
RNS Number : 8468V
Medgenics Inc
18 December 2013
Press Release 18 December 2013
Medgenics Reports Open Market Purchase of Common Stock by
Director
Medgenics, Inc. (AIM: MEDU, MEDG and NYSE MKT: MDGN), ("the
Company"), 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 the Company was
informed today by Dr. Alastair Clemow, a director of the Company,
that he purchased 4,500 shares of common stock on the open market
on 16 December at an average price of $5.7787 per share.
Following this purchase, Dr. Clemow now owns 18,500 shares of
common stock, which represents approximately 0.1 per cent of the
total issued shares of common stock. Dr. Clemow also has the right
to purchase up to 105,714 shares of common stock pursuant to
options previously granted (in aggregate Dr. Clemow's shares of
common stock and options represent 124,214 shares of common stock
which represent approximately 0.7 per cent of the Company's total
issued shares of common stock).
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
LHA
Anne Marie Fields
212-838-3777
afields@lhai.com
@LHA_IR_PR
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-
This information is provided by RNS
The company news service from the London Stock Exchange
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