Immupharma PLC
13 August 2007
For Immediate Release 13 August 2007
ImmuPharma PLC
Directors' Dealing
ImmuPharma PLC (LSE:IMM), ('ImmuPharma' or the 'Company'), received notification
of a private placement of existing shares to institutions and private investors,
including Quest Management, Morley, Odey Asset Management, Cheviot and Celeste.
The shares were placed to satisfy demand and increase liquidity, from the
holdings of two of the founding Directors.
The placement was handled by Cornhill Asset Management Limited. The directors
also each granted Cornhill Asset Management Limited an option to purchase up to
a total of 200,000 additional shares at £1.00.
The Directors' interests are as follows:
Shares placed Price per Subsequent Subsequent percent
share beneficial holding interest
Richard Warr(1) 1,638,500 £0.70 12,778,968 17.6%
Dimitri Dimitriou(2) 1,638,500 £0.70 12,778,969 17.6%
(1) Ordinary shares of £0.10 held by Louvre Trustees where the Warr family has
a beneficial interest.
(2) Ordinary shares of £0.10 held by Hawthorn Invest Ltd where the Dimitriou
family has a beneficial interest.
The Company also announces, that the name of the Company's nominated adviser and
broker has changed to Landsbanki Securities (UK) Limited, which follows a name
change from Teather & Greenwood Limited to Landsbanki Securities UK Limited on 9
August 2007.
For further information please contact:
ImmuPharma PLC:
Richard Warr, Chairman +44 20 7152 4080
Dimitri Dimitriou, Chief Executive Officer +44 20 7152 4080
Buchanan Communications + 44 20 7466 5000
Lisa Baderoon
Rebecca Skye Dietrich
Landsbanki Securities (UK) Limited
Thilo Hoffmann +44 20 7426 7710
This information is provided by RNS
The company news service from the London Stock Exchange NKDABKDPFD
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