18 March 2016
Port Erin Biopharma Investments Limited
(the "Company")
The Company has been informed today that the 2,715,614 Ordinary Shares held by Shellbay Investments Limited have been transferred to Galloway Limited. As a result, Galloway Limited is now interested in 5,455,313 Ordinary Shares, representing 23.5% of Company's issued capital.
Both Shellbay Investments Limited and Galloway Limited are indirectly owned by Jim Mellon, the Company's Chairman.
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For further information, please contact:
Port Erin Biopharma Investments Limited |
Beaumont Cornish Limited |
Peterhouse Capital Limited |
The Company |
Nomad |
Broker |
Denham Eke +44 (0) 1624 639396 |
Roland Cornish/ James Biddle +44 (0) 207 628 3396 |
Lucy Williams +44 (0) 207 469 0936 |
END