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Henderson Morley PLC (HML)

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Thursday 05 August, 2010

Henderson Morley PLC

Update

RNS Number : 6369Q
Henderson Morley PLC
05 August 2010
 



 

 

5 August 2010

HENDERSON MORLEY PLC

("Henderson Morley" or the "Company")

(AIM: HML)

KMS THERAPEUTICS ("KMS") - UPDATE

As indicated in the RNS announcement of 3 August 2010, the Board reports on the status of negotiations with KMS for the disposal of the intellectual property relating to the Company's ICVT human portfolio.

 

As shareholders will be aware, the Company entered into a Letter of Intent with KMS in February 2010. The Company continues to work with KMS to complete the transaction, on terms acceptable to the Company, however until KMS advise that they are in a position to complete the transaction we are not able to finalise an agreement. The Company is not able to provide any guidance on the timescale that this process could involve.  

 

The Board of the Company remains in the process of seeking to raise funds required to meet its ongoing operational expenses.

 

A further update will be made, as and when appropriate.

-END-

 Enquires:

HENDERSON MORLEY PLC                                                                    
Andrew Knight, Chairman                                                                0121 442 4600

BREWIN DOLPHIN CORPORATE ADVISORY & BROKING                
Neil Baldwin                                                                                       0845 213 4726

BISHOPSGATE COMMUNICATIONS LTD                                             
Maxine Barnes                                                                                  0207 562 3350
Gemma O'Hara

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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