RNS Number : 1747T
Alliance Pharma PLC
22 November 2021


22 November 2021



("Alliance" or the "Group")


Director's Dealing


Alliance Pharma plc (AIM: APH), the international healthcare group, announces that it has today received notice that Peter Butterfield, Chief Executive Officer of Alliance, exercised options over 500,000 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the Company's Share Option Plans at an exercise price of 47.5 pence per share (granted in 2016). These were net settled by the Company of which 230,583 shares were not issued as a result of the net settlement. 

As such, following this exercise, 269,417 Ordinary Shares were sold at a price of 102.5p pence per share, in part to satisfy costs and tax liabilities. In accordance with the Group's share retention policy, following this transaction, Mr Butterfield has a beneficial interest in 442,104 Ordinary Shares and 1,750,000 vested but unexercised share options. Mr Butterfield continues to maintain his 200% of salary holding requirement.


The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.



Details of the person discharging managerial responsibilities/person closely associated



Peter Butterfield


Reason for the notification



Chief Executive Officer


Initial notification /Amendment

Initial Notification


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





Legal Entity Identifier



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


Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 1 pence each





Nature of the transaction

a)   Exercise of options

b)   Sale of Ordinary Shares





Price(s) and volume(s)



a)   47.5 pence

b)   102.5 pence


a) 500,000

b) 269,417




Aggregated information

- Aggregated volume

- Price

- Aggregated total

a) 500,000 options over Ordinary Shares, at an exercise price of 47.5 pence per Share.


b) 269,417 Ordinary Shares, sold at an average price of 102.5 pence per Ordinary Share, totalling £276,152




Date of the transaction(s)

19 November 2021


Place of the transaction

London Stock Exchange, AIM



For further information:


Alliance Pharma plc

+ 44 (0)1249 466966

Peter Butterfield, Chief Executive Officer


Andrew Franklin, Chief Financial Officer



+ 44 (0)20 7466 5000

Mark Court / Sophie Wills / Hannah Ratcliff




Numis Securities Limited

+ 44 (0)20 7260 1000

Nominated Adviser: Freddie Barnfield / Duncan Monteith


Corporate Broking: James Black



Investec Bank plc

+ 44 (0) 20 7597 5970

Corporate Finance: Daniel Adams


Corporate Broking: Patrick Robb



About Alliance

Alliance Pharma plc (AIM: APH) is an international healthcare group, headquartered in the UK with subsidiaries in Europe, the Far East and the US and wide international reach through an extensive network of distributors, generating sales in more than 100 countries.

We hold the marketing rights to around 80 Consumer Healthcare brands and Prescription Medicines, which are managed on a portfolio basis according to their growth potential. Promotional investment is focused primarily on our Consumer healthcare brands, many of which have significant international or multi-territory reach. Our Prescription Medicines are generally sold in a more limited number of local markets, and most require little or no promotional investment.

Our strategy allows us to deliver good organic growth and to enhance our growth rate through carefully selected acquisitions.

For more information on Alliance, please visit our website:



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