Business
Loan Conversion
Loan Conversion.
About this update from Nuformix Plc
[{"type":"text","content":"\n \nRNS Number : 1024A Nuformix PLC 24 May 2019 \n\n \nNuformix plc\n(\"Nuformix\" or the \"Company\")\n \nConversion of Loan Note\n \nCambridge, UK, 16 May 2019: Nuformix, the pharmaceutical development company using cocrystal technology to unlock the therapeutic potential of approved small molecule drugs, announces that it has received notice from Mr Alan Miller in accordance with the Convertible Loan Agreement dated 18 April 2017 (as amended) to convert the outstanding loan of £200,000 with accrued interest (\"Loan\"). In accordance with the notice the Company has today issued 8,716,512 ordinary shares fully paid and 8,716,512 warrants to subscribe for ordinary shares at 2.75p per share exercisable at any time for 60 months to Mr Miller in settlement of the Loan.\n \nEnquiries:\n \n\n\n\nNuformix plc\nDr Dan Gooding, Chief Executive Officer\nTel: +44 (0)1223 423667\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAbout Nuformix plc www.nuformix.com \nNuformix is a pharmaceutical development company using cocrystal technology to unlock the therapeutic potential of approved small molecule drugs. Nuformix's risk-mitigated development strategy has resulted in a pipeline of discoveries through which it has developed and patented novel cocrystal forms of approved small molecules. \n \nNuformix has created an IP portfolio of granted patents covering cocrystal forms of five small molecule drugs. Nuformix is targeting high-value unmet needs with its lead programmes in oncology supportive care: NXP001 and fibrosis: NXP002.\n \nNuformix was established in Cambridge in 2009 and has invested in pharmaceutical cocrystal R&D, establishing world-class capability and know-how in cocrystal discovery and development, yielding multiple product opportunities. \n \nNuformix plc shares are traded on the London Stock Exchange's Official List under the ticker: NFX.L.\n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END CONFMGZKKDMGLZG\n ","le...