Exercise of Options

RNS Number : 5714S

Alliance Pharma PLC

13 September 2010

 



For immediate release

13 September 2010

 

ALLIANCE PHARMA PLC

("Alliance" or the "Company")

Exercise of Options and Director's Dealings

Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, announces that the Company was notified today that on 10 September 2010 Richard Wright, a Director of the Company, exercised options to acquire 363,624 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at a price of 8.25p per share, which were subsequently all sold on 13 September 2010 at 37.25 pence per share.  Following these transactions, Mr Wright's holding of 190,768 Ordinary Shares in the Company, representing approximately 0.08% of the enlarged issued share capital, is unchanged.

Application has been made for the 363,624 Ordinary Shares to be admitted to AIM, with trading expected to commence on 16 September 2010 ("Admission").  Upon Admission, the new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

After Admission, Alliance will have 235,581,255 Ordinary Shares in issue.

For further information:

Alliance Pharma plc	+ 44 (0) 1249 466966
John Dawson, Chief Executive Officer
Richard Wright, Finance Director
www.alliancepharma.co.uk
Buchanan Communications	+ 44 (0) 20 7466 5000
Mark Court / Jessica Fontaine
Numis Securities Limited	+ 44 (0) 20 7260 1000
Nominated Adviser: Michael Meade / Simon Blank
Corporate Broking: David Poutney

Notes to editors:

About Alliance

Alliance, founded in 1998, is an AIM listed speciality pharmaceutical company based in Chippenham, Wiltshire, UK. The Company has a strong track record of acquiring the rights to established niche products and, following the Cambridge Laboratories acquisition, owns or licenses the rights to more than 50 pharmaceutical products and continues to explore opportunities to expand the range.

Alliance's products are prescribed in the treatment of a wide range of conditions and include products used in the treatment of dermatological conditions, in oncology, in childbirth, in the prevention of heart disease, in Parkinson's disease, in nutrition and in nasal infections.  Alliance's sales are mainly prescription driven.  Its products are distributed to hospitals directly and to pharmaceutical wholesalers, which service both hospital and retail pharmacies with their prescription requirements.

Alliance joined the AIM market of the London Stock Exchange in December 2003 and trades under the symbol APH.

 

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