Tiziana Life Sciences plc: PDMR Dealing
Tiziana Life Sciences (TLSA) announced that Gabriele Cerrone, the Executive Chairman, increased his shareholding by purchasing 60,000 ordinary shares at 55p each, elevating his total stake from 34.208% to 34.238%. This acquisition occurred on October 4, 2021, and is in line with the UK Takeover Code's regulations. Tiziana focuses on innovative therapeutic developments for conditions including oncology and autoimmune diseases, with upcoming Phase 2 studies for Foralumab in Crohn's Disease and multiple sclerosis.
- Gabriele Cerrone's acquisition increases his stake in Tiziana Life Sciences to 34.238%, reflecting confidence in the company.
- The company is set to initiate Phase 2 studies for Foralumab, potentially expanding its therapeutic pipeline.
- None.
LONDON and NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Tiziana Life Sciences plc (Nasdaq: TLSA / LSE: TILS) ("Tiziana" or the "Company"), a biotechnology company focused on innovative therapeutics for oncology, inflammation and infectious diseases, today announces that it has been notified that Panetta Partners Limited, an entity in which Gabriele Cerrone, the Executive Chairman has a beneficial interest, purchased 60,000 ordinary shares of 3p each in the market at a price of 55p per share.
The acquisition takes Mr Cerrone's interests from
| 1. | Details of PDMR / person closely associated | |
| a) | Name | Gabriele Cerrone |
| 2. | Reason for the notification | |
| a) | Position / status | Chairman |
| b) | Initial notification /amendment | Initial notification |
| 3. | Details of the issuer | |
| a) | Name | Tiziana Life Sciences plc |
| b) | LEI | 213800CED47HI8PIOB36 |
| 4. | 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 | |
| a) | Description of the financial instrument | Ordinary Shares of 3p each |
| b) | Identification code of the Financial Instrument | ISIN for Tiziana Life Sciences plc: GB00BKWNZY55 |
| c) | Nature of the transaction | Market Purchase |
| d) | Price(s) and volume(s) | 55p 60,000 |
| f) | Date of the transaction | 4 October 2021 |
| g) | Place of the transaction | XLON |
About Tiziana Life Sciences
Tiziana Life Sciences plc is a dual listed (NASDAQ:TLSA, UK LSE: TILS) biotechnology company that focuses on the discovery and development of novel molecules to treat human diseases in oncology, inflammation and infectious diseases. In addition to Milciclib, the Company will be shortly initiating Phase 2 studies with orally administered Foralumab for Crohn's Disease and nasally administered Foralumab for progressive multiple sclerosis. Foralumab is the only fully human anti-CD3 monoclonal antibody ("mAb") in clinical development in the world. This Phase 2 compound has potential application in a wide range of autoimmune and inflammatory diseases, such as Crohn's Disease, multiple sclerosis, type-1 diabetes ("T1D"), inflammatory bowel disease ("IBD"), psoriasis and rheumatoid arthritis, where modulation of a T-cell response is desirable. The Company is accelerating development of anti-Interleukin 6 receptor ("IL6R") mAb, a fully human monoclonal antibody for treatment of IL6-induced inflammation, especially for treatment of COVID-19 patients.
For further enquiries:
| Tiziana Life Sciences plc | +44 (0)20 7495 2379 |
| Gabriele Cerrone, Chairman, and founder | |
| United States: | |
| Investors: | |
| Dave Gentry, CEO | |
| RedChip Companies Inc. | |
| 407-491-4498 | |
| dave@redchip.com | |
FAQ
What recent share purchase was made by Tiziana Life Sciences' Executive Chairman?
What are the future plans for Tiziana Life Sciences regarding clinical studies?
When did Gabriele Cerrone increase his shareholding in Tiziana Life Sciences?
What percentage of Tiziana Life Sciences does Gabriele Cerrone currently own?
