CEL-SCI Corporation issues restricted shares

RNS Number : 5035O

Ergomed plc

21 August 2017

 

PRESS RELEASE

FOR IMMEDIATE RELEASE

CEL-SCI Corporation issues restricted shares to Ergomed for partial settlement of receivable

London, UK - 21 August 2017: Ergomed plc (LSE: ERGO) ('Ergomed' or the 'Company'), a company dedicated to the provision of specialised services to the pharmaceutical industry and the development of new drugs, today announces that it has entered into an agreement with its co-development partner, CEL-SCI Corporation (NYSE: CVM) ('CEL-SCI'), whereby CEL-SCI will issue 480,000 shares of restricted stock which, upon registration, may be sold subject to a volume restriction of no more than five per cent of the trading volume in any single day.

ENDS

Enquiries:

Ergomed plc		Tel: [phone]
Dan Weng (Chief Executive Officer)
Stephen Stamp (Chief Financial Officer)
Numis Securities Limited		Tel: [phone]
Michael Meade / Freddie Barnfield (Nominated Adviser)
James Black (Joint Broker)
N+1 Singer		Tel: [phone]
Alex Price (Joint Broker)
Consilium Strategic Communications - for UK enquiries		Tel: [phone]
Chris Gardner / Mary-Jane Elliott Ivar Milligan / Philippa Gardner	[e-mail]
MC Services - for Continental European enquiries		Tel: [phone]
Anne Hennecke

About Ergomed

Ergomed provides specialist services to the pharmaceutical industry and develops drugs both wholly-owned and through partnerships. Ergomed's fast-growing, profitable service offering spans all phases of clinical development and post-approval pharmacovigilance and medical information. Drawing on more than 20 years of expertise in drug development, Ergomed is also building a growing portfolio of drug development partnerships and programmes, including wholly-owned proprietary products for the treatment of surgical bleeding. For further information, visit: http://ergomedplc.com

 

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