Application for Admission of New Ordinary Shares

18th Dec 2009 16:16

Press Release 18 December 2009 Verona Pharma Plc ("Verona" or "the Company") Application for admission of new Ordinary Shares

On 8 December 2009, the Company announced a Fundraising to raise up to 3 million before expenses, by the issue of up to 23,265,684 new ordinary shares of 0.1 pence ("Ordinary Shares"), subject to Shareholder approval at a general meeting on 24 December 2009.

The Company announces that it has submitted application for the issuance of 17,705,384 new shares to AIM today, for them to be admitted to trading on AIM, subject to Company's shareholder approval, on 29 December 2009. Verona intends to make an application for admission of the remaining 5,560,300 new Ordinary Shares upon receipt of the provisional advance clearance from HM Revenue & Customs or agreement of the placees to invest without it being obtained.

For further information:Verona Pharma Plc

Professor Clive Page, Chairman Tel: 07971 504 931 Evolution Securities Limited(Nominated Adviser) Barry Saint / Tim Redfern / Esther Lee Tel: 020 7071 4300 Bishopsgate Communications Ltd. Tel: 0207 562 3350

Suzanne Johnson-Walsh / Gemma O'Hara

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