OKYO Pharma Today Announces Director Acquires Shares

LONDON and NEW YORK, March 29, 2023 (GLOBE NEWSWIRE) -- OKYO Pharma Limited (Nasdaq: OKYO; LSE: OKYO) (“OKYO” or the “Company“), an ophthalmology-focused bio-pharmaceutical company which is developing OK-101 to treat dry eye disease (“DED“) to address the significant unmet need in this multi-billion-dollar market, 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 12,500 of the Company's ADSs on NASDAQ at a price of US$1.32 per ADS (which would be equivalent to the purchase of 812,500 ordinary shares of no par value ("Ordinary Shares") at a price of £0.0165 each).

1.Details of PDMR / person closely associated
a)NameGabriele Cerrone
2.Reason for the notification
a)Position / statusChairman
b)Initial notification /amendmentInitial notification
3.Details of the issuer
a)NameOKYO Pharma Limited
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 instrumentADSs representing 65 Ordinary Shares of no par value
b)Identification code of the Financial InstrumentISIN for OKYO Pharma Limited GG00BD3FV870
c)Nature of the transactionMarket Purchase
d)Price(s) and volume(s)$1.32 - 12,500
f)Date of the transaction27 March 2023
g)Place of the transactionNASDAQ


OKYO Pharma Limited
Gary S. Jacob, Chief Executive Officer
+44 (0)20 7495 2379
Investor RelationsPaul Spencer+44 (0)20 7495 2379
Robert Emmet, Optiva Securities Limited
+44 (0)20 3981 4173

Notes for Editors:

About OKYO
OKYO Pharma Limited (LSE: OKYO; NASDAQ: OKYO) is a life sciences company admitted to listing on NASDAQ and on the standard segment of the Official List of the UK Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc. OKYO is focusing on the discovery and development of novel molecules to treat inflammatory dry eye diseases and chronic pain. For further information, please visit www.okyopharma.com.

About OK-101
OK-101 is a lipid conjugated chemerin peptide antagonist of the ChemR23 G-protein coupled receptor which is typically found on immune cells of the eye responsible for the inflammatory response. OK-101 was developed using a membrane-anchored-peptide (MAP) technology to produce a novel long-acting drug candidate for treating dry eye disease. OK-101 has been shown to produce anti-inflammatory and pain-reducing activities in mouse models of dry eye disease and corneal neuropathic pain; and is designed to combat washout through the inclusion of the lipid ‘anchor’ contained in the candidate drug molecule to enhance the residence time of OK-101 within the ocular environment.