Exercise of Warrants and Issue of Equity

RNS Number : 2259W
N4 Pharma PLC
14 August 2020
 

14 August 2020

 

N4 Pharma plc

 

("N4 Pharma" or the "Company")

 

 Exercise of Warrants and Issue of Equity

 

N4 Pharma Plc (AIM: N4P), the specialist pharmaceutical company developing Nuvec®, a novel delivery system for cancer treatments and vaccines, announces that it has received notification to exercise warrants representing 112,500 ordinary shares of 0.4 pence each ("Ordinary Shares") in the Company for total consideration of £4,500. 

Application has been made for the 112,500 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur at 8.00 a.m. on or around 20 August 2020. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital will consist of 152,306,287 Ordinary Shares. Shareholders may use this figure 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 issued share capital of the Company.

 

Enquiries:

 

N4 Pharma plc


Nigel Theobald, CEO

Via Scott PR

Luke Cairns, Executive Director




SP Angel Corporate Finance LLP

Tel: +44(0)20 3470 0470

Nominated Adviser and Joint Broker


Matthew Johnson/Caroline Rowe (Corporate Finance)


Vadim Alexandre/Abigail Wayne/Rob Rees (Corporate Broking)




Turner Pope Investments (TPI) Limited

Tel: +44(0)20 3657 0050

Joint Broker


Andy Thacker




Scott PR


Georgia Smith

Tel: +44(0)1477 539 539

 

 

About N4 Pharma

N4 Pharma is a specialist pharmaceutical company developing a novel delivery system for cancer and vaccine treatments using its unique silica nanoparticle delivery system called Nuvec®.

N4 Pharma's business model is to partner with companies developing novel antigens for cancer and vaccine treatments to use Nuvec® as the delivery vehicle to get their antigen into cells to express the protein needed for the required immunity. As these products progress through pre clinical and clinical programs, N4 Pharma will seek to receive up front payments, milestone payments and ultimately royalty payments once products reach the market.

 


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