23rd Jan 2020 18:32
(Alliance News) - Open Orphan PLC said Thursday it is currently undertaking meeting with investors regarding proposed placing of GBP5 million.
The drug consulting firm said it hopes to complete the placing at, or close to, the implied offer price of 6.3 pence per share, in line with the authorities granted by shareholders to raise up to GBP10 million at the general meeting on January 6.
However, the company noted that there can be no certainty as to the outcome of the placing until it is concluded.
Open Orphan shares closed broadly flat in London at 6.55 pence each on Thursday.
By Loreta Juodagalvyte; [email protected]
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