Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Exercise of Warrants

8th Jan 2018 15:23

RNS Number : 2659B
Motif Bio PLC
08 January 2018
 

Motif Bio plc

("Motif Bio" or the "Company")

 

Exercise of Warrants

 

Motif Bio plc (AIM/NASDAQ: MTFB), a clinical stage biopharmaceutical company specialising in developing novel antibiotics, announced that it has received notification from a warrant holder to exercise warrants representing 471,602 ordinary shares of 1p each ("Ordinary Shares") in the Company at an exercise price of 20.0p per warrant for total consideration of £94,320.40.

 

Application has been made for the 471,602 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur at 8.00 a.m. on January 11, 2018. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Following Admission, and for the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital will consist of 263,990,730 Ordinary Shares. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the issued share capital of the Company.

 

For further information, please contact:

 

Motif Bio plc

[email protected]

Graham Lumsden (Chief Executive Officer)

Robert Dickey IV (Chief Financial Officer)

Peel Hunt LLP (NOMAD & BROKER)

+ 44 (0)20 7418 8900

Dr Christopher Golden

Oliver Jackson

Northland Capital Partners Limited (BROKER)

+44 (0)203 861 6625

Patrick Claridge/ David Hignell

John Howes/ Rob Rees (Broking)

Walbrook PR Ltd. (FINANCIAL PR & IR)

+44 (0) 20 7933 8780 or [email protected]

Paul McManus/Helen Cresswell/Lianne Cawthorne

MC Services AG (EUROPEAN IR)

+49 (0)89 210 2280

Raimund Gabriel

[email protected]

The Trout Group (US IR)

+ 1 (646) 378-2936

Meggie Purcell

[email protected]

 

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

Related Shares:

MTFB.L
FTSE 100 Latest
Value8,809.74
Change53.53