Announcement PDF RNS Number : 3616G Fusion Antibodies PLC 17 March 2020 Fusion Antibodies plc ("Fusion" or the "Company") Director/PDMR Shareholding Fusion Antibodies plc (AIM: FAB), specialists in pre-clinical antibody discovery, engineering and supply for both therapeutic drug and diagnostic applications, has been notified that, on 16 March 2020, Alan Mawson, Non-Executive Director, purchased 20,000 ordinary shares in the Company ("Ordinary Shares") into his pension fund at a price of 60 pence per Ordinary Share. Following this purchase, Alan Mawson has a direct and indirect interest in 128,988 Ordinary Shares, representing approximately 0.58 per cent. of the Company's issued share capital. Alan Mawson is also a Non-Executive Director of Clarendon Fund Managers Limited ("Clarendon") and sits on Clarendon's investment committee. Clarendon is the fund manager for Nitech Growth Fund LP which holds 358,850 Ordinary Shares and Viridian Growth Fund LP which holds 1,831,500 Ordinary Shares. The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further details. 1 a) 2 a) b) 3 a) b) 4 a) b) Details of the person discharging managerial responsibilities / person closely associated Name Alan Mawson Reason for the notification Position/status Non-Executive Director Initial notification Initial notification /Amendment Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Name Fusion Antibodies plc LEI 213800KBAYRC9VOQ9V39 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 Ordinary shares of 4p each in Fusion Antibodies plc financial instrument, type of instrument Identification code (ISIN) for Fusion Antibodies plc Identification code ordinary shares: GB00BDQZGK16 Nature of the Purchase of shares c) d) e) f) transaction Price(s) and volume(s) Aggregated information: Aggregated volume Price Date of the transaction Place of the transaction Price(s) Volume(s) 60p 20,000 N/A 16 March 2020 London Stock Exchange, XLON Enquiries: Fusion Antibodies plc Dr Paul Kerr, Chief Executive Officer James Fair, Chief Financial Officer Allenby Capital Limited James Reeve / Asha Chotai Walbrook PR Anna Dunphy Paul McManus www.fusionantibodies.com Via Walbrook PR Tel: +44 (0)20 3328 5656 Tel: +44 (0)20 7933 8780 or fusion@walbrookpr.com Mob: +44 (0)7876 741 001 Mob: +44 (0)7980 541 893 About Fusion Antibodies plc Fusion is a Belfast based contract research organisation ("CRO") providing a range of antibody engineering services for the development of antibodies for both therapeutic drug and diagnostic applications. The Company's ordinary shares were admitted to trading on AIM on 18 December 2017. Fusion provides a broad range of services in antibody generation, development, production, characterisation and optimisation. These services include antigen expression, antibody production, purification and sequencing, antibody humanisation using Fusion's proprietary CDRxTM platform and the production of antibody generating stable cell lines to provide material for use in clinical trials. Since 2012, the Company has successfully sequenced and expressed over 250 antibodies and successfully completed over 150 humanisation projects for its international, blue-chip client base, which has included eight of the top 10 global pharmaceutical companies by revenue. The Company was established in 2001 as a spin out from Queen's University Belfast. The Company's mission is to enable pharmaceutical and diagnostic companies to develop innovative products in a timely and cost-effective manner for the benefit of the global healthcare industry. Fusion Antibodies provides a broad range of services in antibody generation, development, production, characterisation and optimisation. Fusion Antibodies growth strategy is based on combining the latest technological advances with cutting edge science to deliver new platforms that will enable Pharma and Biotechs get to the clinic faster, with the optimal drug candidate and ultimately speed up the drug development process. The global monoclonal antibody therapeutics market was valued at $95.5 billion in 2017 and is forecast to surpass $174.2 billion in 2026, an increase at a CAGR of between 6.9 per cent. for the period 2018 to 2026. In 2018, seven of the world's ten top selling drugs were antibody-based therapeutics with the combined annual sales of these drugs exceeding $62 billion. 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