0001193125-17-123413.txt : 20170413 0001193125-17-123413.hdr.sgml : 20170413 20170413171902 ACCESSION NUMBER: 0001193125-17-123413 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170413 FILED AS OF DATE: 20170413 DATE AS OF CHANGE: 20170413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Summit Therapeutics plc CENTRAL INDEX KEY: 0001599298 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0114 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36866 FILM NUMBER: 17761476 BUSINESS ADDRESS: STREET 1: 85B PARK DRIVE STREET 2: MILTON PARK CITY: ABINGDON STATE: X0 ZIP: OX14 4RY BUSINESS PHONE: 44-123-544-3939 MAIL ADDRESS: STREET 1: 85B PARK DRIVE STREET 2: MILTON PARK CITY: ABINGDON STATE: X0 ZIP: OX14 4RY FORMER COMPANY: FORMER CONFORMED NAME: Summit Corp plc DATE OF NAME CHANGE: 20140205 6-K 1 d378032d6k.htm 6-K 6-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2017

Commission File Number 001-36866

 

 

SUMMIT THERAPEUTICS PLC

(Translation of registrant’s name into English)

 

 

136a Eastern Avenue

Milton Park, Abingdon

Oxfordshire OX14 4SB

United Kingdom

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

FORM 20-F  ☒            FORM 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

YES  ☐            NO  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

 


 

On April 12, 2017, Summit Therapeutics plc (the “Company”) issued a press release announcing that it had granted share options to certain officers and employees of the Company under its 2016 Long Term Incentive Plan. The related press release is attached hereto as Exhibit 99.1.

The information in this Report on Form 6-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

SUMMIT THERAPEUTICS PLC
By:   /s/ Erik Ostrowski
 

Erik Ostrowski

Chief Financial Officer

Date: April 13, 2017


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Press release dated April 12, 2017
EX-99.1 2 d378032dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Summit Therapeutics plc

(“Summit”, the “Company”, or the “Group”)

GRANT OF SHARE OPTIONS TO DIRECTORS/PDMRS

Oxford, UK, 12 April 2017—Summit Therapeutics plc (AIM: SUMM, NASDAQ: SMMT), the drug discovery and development company advancing therapies for Duchenne muscular dystrophy and Clostridium difficile infection, announces the following option grants over new ordinary shares of 1p nominal value (‘Ordinary Shares’) were made on 11 April 2017 to Directors, PDMRs and employees in line with the Company’s Long Term Incentive Plan.

Mr Glyn Edwards, the Company’s Chief Executive Officer, was granted options over 762,764 Ordinary Shares. These options have an exercise price of 185 pence per share and will vest in full on 23 June 2019 subject to achievement of performance conditions pertaining to corporate and programme development milestones. This option award to Glyn Edwards was due to be made in 2016, during the Company’s normal granting cycle, but was deferred due to insufficient headroom in the Company’s Long Term Incentive Plan.

Dr David Roblin, the Company’s Chief Operating Officer and President of Research and Development, was granted options over 324,324 Ordinary Shares. These options have an exercise price of 185 pence per share and will vest in full on 11 April 2020 subject to achievement of performance conditions pertaining to corporate and programme development milestones.

A further grant of options over 150,436 Ordinary Shares was made to other employees of the Company. These options will vest in nine equal tranches on a quarterly basis from 11 April 2018 and will vest in full on 11 April 2020.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

About Summit Therapeutics

Summit is a biopharmaceutical company focused on the discovery, development and commercialisation of novel medicines for indications for which there are no existing or only inadequate therapies. Summit is conducting clinical programs focused on the genetic disease, Duchenne muscular dystrophy, and the infectious disease, Clostridium difficile infection. Further information is available at www.summitplc.com and Summit can be followed on Twitter (@summitplc).

For more information, please contact:

 

Summit Therapeutics

Glyn Edwards / Richard Pye (UK office)

Erik Ostrowski / Michelle Avery (US office)

  

Tel: +44 (0)1235 443 951

       +1 617 225 4455

Cairn Financial Advisers LLP

(Nominated Adviser)

Liam Murray / Tony Rawlinson

   Tel: +44 (0)20 7213 0880

N+1 Singer

(Broker)

Aubrey Powell / Lauren Kettle

   Tel: +44 (0)20 7496 3000

MacDougall Biomedical Communications

(US media contact)

Karen Sharma

  

Tel: +1 781 235 3060

ksharma@macbiocom.com

Consilium Strategic Communications

(Financial public relations, UK)

Mary-Jane Elliott / Sue Stuart /

Jessica Hodgson / Lindsey Neville

  

Tel:+44(0)2037095700

summit@consilium-comms.com


Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 

1   Details of the person discharging managerial responsibilities/person closely associated
a)   Name    Mr Glyn Edwards  
2   Reason for the notification
a)   Position / status    Chief Executive Officer  
b)   Initial notification / Amendment    Initial notification  
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)   Name    Summit Therapeutics plc  
b)   LEI    213800NRW8AOMYMTBD89  
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, type of instrument    Ordinary shares of 1 pence
each
 
  Identification code    GB00BN40HZ01  
b)   Nature of the transactions    Grant of share options  
c)   Price(s) and volume(s)    Price(s)   Volume(s)
     185 pence per share

(exercise price)

  762,764
d)   Aggregated information     
  - Aggregated volume    N/A  
  - Price     
e)   Date of the transaction    11 April 2017  
f)   Place of the transaction    Outside a trading venue  


1    Details of the person discharging managerial responsibilities/person closely associated  
a)    Name    Dr David Roblin  
2    Reason for the notification  
a)    Position / status    Chief Operating Officer and

President of Research and Development

 
b)    Initial notification / Amendment    Initial notification  
3    Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor  
a)    Name    Summit Therapeutics plc  
b)    LEI    213800NRW8AOMYMTBD89  
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, type of instrument    Ordinary shares of 1 pence each  
   Identification code    GB00BN40HZ01  
b)    Nature of the transactions    Grant of share options  
c)    Price(s) and volume(s)    Price(s)     Volume(s)  
      185 pence per share (exercise price)     324,324  
d)    Aggregated information     
   - Aggregated volume    N/A  
   - Price     
e)    Date of the transaction    11 April 2017  
f)    Place of the transaction    Outside a trading venue  

-END-

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