Director/PDMR Shareholding
(Thomson Reuters ONE) - Summit Corporation plc("Summit" or "the Company")PDMR DEALINGSOxford, UK, 28 October 2009 - Summit Corporation plc (AIM: SUMM) hastoday been notified that Mr Raymond Spencer, Interim Chief FinancialOfficer of the Company, yesterday purchased 100,000 Ordinary sharesof 1p each ("Ordinary Shares") at a price of 5.5 pence per share. MrSpencer now holds a total of 100,000 shares representing 0.17 perpercent of the issued share capital. -- ENDS -For more information, please contact:Summit plcSteven Lee, PhDRichard Pye, PhDTel: +44 (0)1235 443939Panmure GordonAndrew Burnett / Rakesh Sharma (Corporate Finance)Ashton Clanfield (Corporate Broking)Tel: +44 (0)207 459 3600About Summit plcSummit plc is a UK based drug discovery company with a major focus ondeveloping new therapeutics from its iminosugar drug discoveryplatform.Summit believes iminosugars are the key to gaining access to severaldisease mechanisms where classical drug candidates have had littlesuccess, and therefore offer a major opportunity for the discoveryand development of new medicines.Carbohydrates play critical roles in maintaining correct function ofmany normal processes in healthy individuals and provide a wealth ofnew targets for drug discovery. Iminosugars have the capability ofaccessing such targets and offer the potential of generating newmedicines in a variety of major therapy areas. Summit is currentlyfocussed on metabolic diseases, including diabetes, and anti-virals.Commercially, Summit has a track record of signing programmeagreements and currently has an out-licensed product portfoliocomprising of seven drug programmes with BioMarin, Orient Pharma,Evolva and the Lilly TB Drug Discovery Initiative. In the futurethese programmes may generate success based milestone payments androyalties for Summit.The company listed on the alternative investment market (AIM) of theLondon Stock Exchange in October 2004 - symbol: SUMM. Furtherinformation about the company is available at www.summitplc.com.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 28.10.2009 - 10:30 Uhr
Sprache: Deutsch
News-ID 7531
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