Change of Director's Interest Notice
Released
Released
Announcement PDF
Neuren (NEU) – ASX Announcement
8 September 2025
Changes in securities interests of CEO & Managing Director
In July 2025 Neuren’s CEO & Managing Director, Jon Pilcher, paid $2.8 million to Neuren to extinguish
the loan attached to 1.5 million Loan Funded Shares, which was expiring after 5 years. At that time, he
was restricted from selling any shares to fund the loan repayment and taxes, pending Acadia’s Q2 2025
earnings announcement, followed by Neuren’s H1 2025 results announcement on 27 August 2025.
As detailed in the attached Change of Director’s Interest Notice, 398,207 shares have now been sold to a
small number of institutional investors.
The loan repayment and share sale transactions resulted in the following:
•
•
•
Neuren’s cash and share capital increased by $2.8 million.
The CEO’s quoted shareholding increased from 0.4 million shares to 1.5 million shares, placing him in
the top 15 beneficial holders and top 10 registered holders.
Neuren’s institutional shareholdings increased by 0.4 million shares.
About Neuren
Neuren is developing new drug therapies to treat multiple serious neurological disorders that emerge in
early childhood and have no or limited approved treatment options. Recognising the urgent unmet
need, programs have been granted “orphan drug” designation in the United States. Orphan drug
designation provides incentives to encourage development of therapies for rare and serious diseases.
DAYBUE™ (trofinetide) is approved by the US Food and Drug Administration (FDA) and Health Canada for
the treatment of Rett syndrome. Neuren has granted an exclusive worldwide licence to Acadia
Pharmaceuticals Inc. for the development and commercialisation of trofinetide.
Neuren’s second drug candidate, NNZ-2591, is in development for multiple neurodevelopmental
disorders, with positive results achieved in Phase 2 clinical trials in Phelan-McDermid syndrome, Pitt
Hopkins syndrome and Angelman syndrome.
Contact:
investorrelations@neurenpharma.com
Jon Pilcher, CEO: +61 438 422 271
ASX Listing Rules information
This announcement was authorized to be given to the ASX by the CEO & Managing Director of Neuren
Pharmaceuticals Limited, Suite 201, 697 Burke Road, Camberwell, VIC 3124
Appendix 3Y
Change of Director’s Interest Notice
Appendix 3Y
Rule 3.19A.2
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity:
Neuren Pharmaceuticals Limited
ARBN:
111 496 130
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for
the director for the purposes of section 205G of the Corporations Act.
Name of Director
Jonathan Pilcher
Date of last notice
22 July 2025
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should
be disclosed in this part.
Direct or indirect interest
Direct and Indirect interest
Nature of indirect interest
(including registered holder)
Mrs J L Pilcher (spouse)
Date of change
8 September 2025
No. of securities held prior to change
Direct interest in 1,500,000 Ordinary shares and
indirect interest in 398,207 Ordinary shares
Class
Ordinary shares
Note: Provide details of the circumstances giving rise to the relevant
interest.
Number acquired
Number disposed
398,207
Value/Consideration
$20.00 per share
Note: If consideration is non-cash, provide details and estimated
valuation
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director’s Interest Notice
No. of securities held after change
Direct interest in 1,500,000 Ordinary shares
Nature of change
On-market crossing
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation in
buy-back
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should
be disclosed in this part.
Detail of contract
Not applicable
Nature of interest
Not applicable
Name of registered holder
(if issued securities)
Not applicable
Date of change
Not applicable
No. and class of securities to which Not applicable
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Not applicable
Interest disposed
Not applicable
Value/Consideration
Not applicable
Interest after change
Not applicable
Note: If consideration is non-cash, provide details
and an estimated valuation
Part 3 – +Closed period
Were the interests in the securities or contracts detailed Not applicable
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade Not applicable
to proceed during this period?
If prior written clearance was provided, on what date was this Not applicable
provided?
+ See chapter 19 for defined terms.
Appendix 3Y Page 2
01/01/2011
Share your feedback
Discover