Director/PDMR Shareholding
(Thomson Reuters ONE) - Summit Corporation plc("Summit" or "the Company")DIRECTOR AND PDMR DEALINGS: PURCHASE OF SHARESOxford, UK, 2 November 2009 - Summit Corporation plc (AIM: SUMM)today announces the purchase of Summit one pence Ordinary shares bythe following Directors and PDMRs:+------------------------------------------------------------------------+|Name |Position | Shares| Shares| Current| % of|| | |purchased|purchased| Holding| Issued|| | | at 5.5p| at 6.0p| | share|| | | | | |capital||----------+-----------------------+---------+---------+---------+-------||Barry |Non-executive Chairman | 100,000| 100,000| 214,615| 0.37%||Price, PhD| | | | | ||----------+-----------------------+---------+---------+---------+-------||Steven |Chief Executive Officer| 100,000| 100,000| 382,492| 0.66%||Lee, PhD | | | | | ||----------+-----------------------+---------+---------+---------+-------||Richard |Chief Scientific | 100,000| -| 116,229| 0.20%||Storer, |Officer | | | | ||DPhil | | | | | ||----------+-----------------------+---------+---------+---------+-------||Raymond |Interim Chief Financial| 100,000| 100,000| 300,000| 0.51%||Spencer |Officer | | | | ||----------+-----------------------+---------+---------+---------+-------||Prof |Non-executive Director | 100,000| -|6,608,748| 11.34%||Stephen | | | | | ||Davies | | | | | ||----------+-----------------------+---------+---------+---------+-------||George |Non-executive Director | 100,000| -| 105,291| 0.18%||Elliott, | | | | | ||BA, CA | | | | | |+------------------------------------------------------------------------+In addition, the Company's Senior Director of Research & Development,Jon Tinsley, PhD and Senior Director of Strategic Alliances, DavidWilliams, PhD have purchased today a combined total of 200,000 onepence Ordinary shares in the business at a price of 5.5 pence and50,000 one pence Ordinary shares at a price of 6.0 pence. -- 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.This document contains "forward-looking statements" within themeaning of the U.S. Private Securities Litigation Reform Act of 1995.Forward-looking statements can be identified by words such as"anticipates", "intends", "plans", "seeks", "believes", "estimates","expects" and similar references to future periods, or by theinclusion of forecasts or projections.Forward-looking statements are based on the Company's currentexpectations and assumptions regarding our business, the economy andother future conditions. Because forward-looking statements relate tothe future, by their nature, they are subject to inherentuncertainties, risks and changes in circumstances that are difficultto predict. The Company's actual results may differ materially fromthose contemplated by the forward-looking statements. The Companycautions you therefore that you should not rely on any of theseforward-looking statements as statements of historical fact or asguarantees or assurances of future performance. Important factorsthat could cause actual results to differ materially from those inthe forward-looking statements and regional, national, globalpolitical, economic, business, competitive, market and regulatoryconditions.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 02.11.2009 - 13:45 Uhr
Sprache: Deutsch
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