14th Jul 2016 11:40
For immediate release
| 14 July 2016 |
Quantum Pharma Plc
('Quantum' or the 'Company')
Grant of SAYE options
Quantum Pharma Plc (AIM: QP.), the growing service-led niche pharmaceutical manufacturer, developer and supplier to the health and care sectors, is pleased to announce that on 13 July 2016 pursuant to the Quantum Pharma plc Save-As-You-Earn Plan, the Company has granted options, under which employees have been offered the opportunity to participate in the future growth of the Company via share option arrangements.
UK based employees were invited to subscribe for options over the Company's Ordinary Shares of 10 pence each ('Ordinary Shares') with an exercise price of 54.94 pence, a 20% discount to the average closing middle market price of the Company's Ordinary Shares on 14, 15 and 16 June 2016, the three trading days prior to the invitation to participate was made. The options have a contract start date of 1 September 2016 and are exercisable between 1 September 2019 and 28 February 2020.
A total of 183 employees elected to participate, and pursuant to these elections a total of 2,136,731 options over Ordinary Shares have been issued, equating to approximately 1.71% of the current issued share capital.
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For further information:
Quantum Pharma Plc |
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Andrew Scaife, Chief Executive Officer |
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Chris Rigg, Chief Financial Officer | Tel: +44 (0) 1207 279 404 | |
Craig Swinhoe, Group Corporate Affairs Director and Company Secretary | www.quantumpharmaplc.com | |
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Zeus Capital Limited (Nominated Adviser & Joint Broker) |
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Andrew Jones / Nick Cowles / Jamie Peel | Tel: +44 (0) 20 3829 5000 | |
Dominic Wilson / John Goold | www.zeuscapital.co.uk | |
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N+1 Singer (Joint Broker) |
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Aubrey Powell / James White / Sandy Ritchie | Tel: +44 (0) 20 7496 3000 | |
Nick Owen / Brough Ransom
| www.n1singer.com | |
Media enquiries: |
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Buchanan |
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Mark Court / Sophie Cowles / Steph Watson | Tel: +44 (0) 20 7466 5000 | |
www.buchanan.uk.com | ||
Notes to Editors
Quantum Pharma Plc is a service-led, niche pharmaceutical developer, manufacturer and supplier to the retail pharmacy, pharmaceutical wholesaler, hospital, homecare and care home markets. Quantum Pharma operates through three divisions, offering a portfolio of innovative and complementary products and services.
Specials comprises four business units (Quantum Pharmaceutical, UL Medicines, NuPharm and Quantum Aseptics Services), which manufacture, procure and supply unlicensed medicines (specials) and special obtains. In response to a request from a prescriber for a bespoke medicine or special product to optimise patient treatment, the division manufactures, procures and supplies bespoke specials; batch made specials; aseptically prepared sterile intravenous medicines; imported medicines and special obtain products. With an expansive portfolio of products, Quantum is a trusted partner to the majority of large retail pharmacy chains in the UK, as well as pharmaceutical wholesalers, hospitals, independent pharmacies and dispensing doctors. The division offers an unrivalled and constantly expanding range of products. It has a customer-focused, service-driven business model, which provides shorter lead times than any of its competitors.
Niche Pharmaceuticals comprises three business units (Colonis, Lamda and PERN Consumer Products) which develop and commercialise niche pharmaceuticals. This division is a product development and commercialisation business focusing on taking niche drugs through the regulatory pathway to achieve regulated status (licensed product or medical device). The division uses the excellent visibility of trends in the UK pharmacy and hospital markets through our Specials and Medication Adherence divisions to allow early identification of the market opportunity to take products from unlicensed (special) status to licensed status. The division has a growing portfolio and pipeline of products that fit this unlicensed to licensed pathway, as well as complementary generic, generic plus or medical devices intended to meet unmet patient needs across a number of therapeutic areas.
Medication Adherence comprises two business units (Biodose® and Biodose Services®) which provide products and services to enhance the likelihood of a patient adhering to a medication regime, patient-focused homecare services and services to pharmaceutical companies. It owns Biodose®, the only medication delivery system on the market that accommodates both liquid and solid doses. Biodose Connect™ takes patient safety and adherence to the next level by enabling remote monitoring of adherence to medication regimes. The division also operates a range of specialist patient-focused homecare services to the NHS, private clinics and pharmaceutical companies across the UK and provides the Group with exposure to the homecare and supported living sectors of the care pathway complementing the focus of the remainder of the Group.
For further information, please visit www.quantumpharmaplc.com.
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