Open Orphan PLC Exercise of Warrants and Issue of Shares (0565C)
05 Février 2020 - 12:00PM
UK Regulatory
TIDMORPH
RNS Number : 0565C
Open Orphan PLC
05 February 2020
5 February 2020
Open Orphan Plc
("Open Orphan" or the "Company")
Exercise of Warrants and Issue of Shares
Total Voting Rights
Open Orphan plc (ORPH), a rapidly growing specialist
pharmaceutical services company which has a focus on orphan drugs,
announces that the Company has received notices of exercise of
warrants over 539,654 ordinary shares of 0.1 pence each in the
capital of the Company ("Ordinary Shares") at a price of 0.1 pence
per share for 191,051 Ordinary Shares and at a price of 2.2 pence
per share for 348,603 Ordinary Shares. The gross proceeds of this
exercise received by the Company amounts to GBP7,860.33.
Following the warrant exercise, the outstanding warrants over
Ordinary Shares are as follows:
Number of Ordinary Shares Exercise Price per Expiry Date
share
-------------------------- ------------------- -----------------
166,666 30 pence 6 June 2021
1,568,701 0.1 pence 10 December 2023
2,862,337 2.2 pence 10 December 2023
1,607,142 5.6 pence 27 June 2024
The Company has made application for 539,654 new Ordinary
Shares, to be issued and allotted as a result of the warrant
exercise set out above, to be admitted to trading on AIM and
Euronext Growth. Admission is expected to occur at 8.00 a.m. on 11
February 2020.
Total Voting Rights
Following the admission of 86,885,253 new Ordinary Shares in
connection with the placing and subscription announced by the
Company on 31 January 2020, which is expected to occur at 8.00 a.m.
on 6 February 2020, and the admission of 539,654 new Ordinary
Shares issued and allotted as a result of the warrant exercise set
out above, which is expected to occur at 8.00 a.m. on 11 February
2020, the Company's total issued ordinary share capital will
consist of 533,047,281 Ordinary Shares. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
Open Orphan Plc Tel: +353 1 644 0007
Cathal Friel, Executive Chairman
Trevor Phillips, Chief Executive Officer Tel: +44 (0)20 7347
5350
Arden Partners (Nominated Adviser and Joint Broker) Tel: +44
(0)20 7614 5900
John Llewellyn-Lloyd / Ruari McGirr / Benjamin Cryer
Davy (Euronext Growth Adviser and Joint Broker) Tel: +353 (0)1
679 6363
Anthony Farrell (Corporate Finance)
Camarco (Financial PR) Tel: +44 (0)20 3757 4980
Tom Huddart / Billy Clegg / Dan Sherwen
Notes to Editors:
Open Orphan is a rapidly growing European full pharmaceutical
services company with a focus on orphan drug and specialist
services, comprising two commercial specialist CRO services
businesses (Venn and hVIVO) and a developing early stage orphan
drug genomics data platform business capturing valuable genetic
data from patient populations with specific diseases with
designated orphan drug status and incorporating AI tools. In June
2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings
plc in a reverse take-over and in January 2020 it completed the
Merger with hVIVO plc. Venn, as an integrated drug development
consultancy, offers CMC (chemistry, manufacturing and controls) ,
preclinical, phase I & II clinical trials design and execution
and hVIVO, as an industry leading services provider in viral
challenge studies and laboratory services, supports product
development for customers developing antivirals, vaccines and
respiratory therapeutics. The Merger with hVIVO created a European
full pharma services company broadening the Company's customer base
and with complementary specialist CRO services, widened the range
of the Company's service offerings. Open Orphan is a rapidly
growing European full pharmaceutical services company with a focus
on orphan drug and specialist services, comprising two commercial
specialist CRO services businesses (Venn and hVIVO) and a
developing early stage orphan drug genomics data platform business
capturing valuable genetic data from patient populations with
specific diseases with designated orphan drug status and
incorporating AI tools. In June 2019, Open Orphan acquired
AIM-listed Venn Life Sciences Holdings plc in a reverse take-over
and in January 2020 it completed the merger with hVIVO plc. Venn,
as an integrated drug development consultancy, offers CMC
(chemistry, manufacturing and controls) , preclinical, phase I
& II clinical trials design and execution and hVIVO, as an
industry leading services provider in viral challenge studies and
laboratory services, supports product development for customers
developing antivirals, vaccines and respiratory therapeutics. The
merger with hVIVO created a European full pharma services company
broadening the Company's customer base and with complementary
specialist CRO services, widened the range of the Company's service
offerings.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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