N4 Pharma Raises Further GBP30,451 After Warrant Exercise (ALLISS)

7th Mar 2018 12:41

LONDON (Alliance News) - N4 Pharma PLC said Wednesday it issued 358,245 shares due to exercise of warrants, raising GBP30,451 for the pharmaceutical company.

The warrants were exercised at a price of 8.5 pence each after the company received notice for their conversion.

Shares in N4 were 3.0% lower at 26.43 pence on Wednesday.

Admission of the new shares to trading on AIM is expected to take place on Thursday. After admission, N4 will have 89.1 million shares outstanding.

The warrant exercise follows a number of similar transactions in recent weeks.

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N4 Pharma Plc