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Incanthera announces Rule 23 Notice re NEX listing
Incanthera announces Rule 23 Notice re NEX listing.
About this update from Immupharma Plc
[{"type":"text","content":"\n \nRNS Number : 1304D Immupharma PLC 17 February 2020 \n\n \nImmuPharma PLC\n(\"ImmuPharma\" or the \"Company\")\n \nOncology specialist Incanthera, in which ImmuPharma currently has a 14.0% shareholding, announces Rule 23 Notice in advance to quoting on NEX Exchange Growth Market\n \nImmuPharma PLC (LSE AIM: IMM - Euronext Growth: ALIMM), a specialist drug discovery and development company, notes that the NEX Exchange Growth Market (\"NEX\") has today released a pre-admission announcement under Rule 23 of the intention of Incanthera plc (\"Incanthera\"), a specialist oncology company, to quote on NEX.\nImmuPharma currently holds a 14.0% shareholding in Incanthera following its subscription for shares in September 2018. Following admission, ImmuPharma will retain 7,272,740 shares in Incanthera, representing 11.9%.\nAt the time of the subscription, ImmuPharma was also granted warrants to subscribe for additional ordinary shares in Incanthera at any time over five years from the initial subscription. These warrants have been carried over into the new listed plc company and now total 7,272,740 warrants. The exercise price has been rebased to the issue price.\nCommenting on the announcement, Dimitri Dimitrou, CEO of ImmuPharma said:\n\"We are delighted to note Incanthera's imminent quote on NEX. \n\"Incanthera's diverse oncology pipeline has blockbuster potential. We are confident of the medium to long term prospects of the business, but we are particularly excited at the potential near term commercialisation of the lead product Sol, for skin cancer and other topical indications.\n\"As a major shareholder, with a tangible stake in the future success of Incanthera, we look forward to the creation of further value for our shareholders as Incanthera moves forward\".\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. (\"MAR\").\n \n\n\n\n\n \nFor further information please contact:\n \n\n\n\n\nImmuPharma PLC (www.immupharma.com)\nTim McCarthy, Chairman\n\n\n+ 44 (0) 207 152 4080\n\n\n\n\nDimitri Dimitriou, Chief Executive Officer\n\n\n \n\n\n\n\nLisa Baderoon, Head of Investor Relations\n\n\n+ 44 (0) 7721 413496\n \n\n\n\n\n \nSPARK Advisory Partners Limited (NOMAD)\nNeil Baldwin, Henry Todd\n \nStanford Capital Partner...