12th Oct 2006 13:33
Ardana PLC12 October 2006 Ardana plc Result of EGM Edinburgh, UK, 12 October 2006 - Ardana plc (LSE: ARA.L) ("Ardana or the Company") confirms that all resolutions put to the Extraordinary General Meeting heldon 12 October 2006 were duly passed. The 9,585,380 New Ordinary Shares of 1 penny each in the Company to be issuedpursuant to the Placing and Open Offer at a price of 115 pence per share areexpected to be admitted to the Official List and to trading on the London StockExchange's main market for listed securities tomorrow, 13 October 2006.Following admission of the New Ordinary Shares, there will be in issue65,268,939 Ordinary Shares in the Company. Full details of the Placing and Open Offer are set out in the prospectuspublished on 20 September 2006 (the "Prospectus"). Terms defined in the Prospectus have the same meaning in this announcement. Acopy of the Prospectus has been submitted to the FSA, and is available forinspection at the FSA's Document Viewing Facility, which is situated at:Financial Service Authority, 25 The North Colonnade, Canary Wharf, London E145HS. Monies raised by the Placing and Open Offer will be used to develop Oral GHS(EP01572) the Company's oral growth hormone secretagogue and also to launch andpromote Emselex(R), a treatment for overactive bladder, for which agreement hasbeen reached with Novartis Pharmaceuticals UK Limited to grant Ardana sole andexclusive rights to launch and promote the product in the UK for a ten yearterm. Enquiries:Ardana plc+44 (0)131 226 8558Dr Maureen Lindsay, Chief Executive OfficerGraham Lee, Chief Financial Officer Piper Jaffray Ltd.+44 (0)20 7743 8700Jamie AdamsJames Steel Financial Dynamics+44 (0)20 7831 3113Julia PhillipsJohn Gilbert About Ardana Ardana plc is a pharmaceutical company focused on the discovery, development andmarketing of innovative products to improve human reproductive health, a $25.5billion market. Since its foundation, Ardana has maintained a broad and balanced portfolio tomanage risk and actively pursues product and technology in-licensing andout-licensing to maintain a robust pipeline. • Ardana's lead products are summarised below: • Emselex(R), a treatment for overactive bladder for which Ardana has sole and exclusive promotion rights in the UK and will be launched in collaboration with Novartis Pharmaceuticals UK Limited; • StriantTM SR, a testosterone replacement therapy for which Ardana has marketing rights in Europe, has been launched by Ardana through its own sales force in the UK and partners in various European countries, as a treatment for men with confirmed hypogonadism; • Teverelix LA, in development for three initial indications: prostate cancer and benign prostatic hyperplasia (both indications are at the phase II stage), and endometriosis (currently in phase I); • Testosterone Cream, a transdermal testosterone delivery system in phase II for the treatment of male hypogonadism; • Invicorp(R), an injectable combination drug treatment for erectile dysfunction, already approved in Denmark and for which Ardana has marketing and manufacturing rights in Europe. Launch is expected in H2 2006; In addition to the above Ardana has a strong portfolio of follow-on products indevelopment. For further information please see www.ardana.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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