Business
Successful Fundraising
Successful Fundraising.
About this update from Sareum Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 7481O\n Sareum Holdings PLC\n 03 June 2020\n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\n \n \n \n \n \n (AIM: SAR)\n \n \n \n \n 03 June 2020\n \n \n \n \n \n Sareum Holdings plc \n \n \n (\"Sareum\" or the \"Company\") \n \n \n Successful Fundraising\n \n \n Sareum Holdings plc (AIM: SAR), \n the specialist drug development company delivering targeted small molecule therapeutics to improve the treatment of cancer and autoimmune diseases, \n announced on \n 02 June 2020 \n the completion of a fundraising comprising a placing by Hybridan LLP (the \"Placing\") in conjunction with an offer via PrimaryBid (the \"Offer\") (together the \"Fundraising\").\n \n \n The Company is pleased to announce that the PrimaryBid Offer successfully completed and closed at \n 9:00\n p.m. on 02 June \n 2020,\n raising gross proceeds of £303,722.40 at 0.6 pence per ordinary share. Accordingly, combined with the Placing, the Company has raised a total of £1,022,222.40 (gross) in the Fundraising.\n \n \n The Company will issue and allot a total of 50,620,400 New Ordinary Shares to satisfy the PrimaryBid Offer (the \"Offer Shares\"), in addition to the 119,750,000 Placing Shares to be issued in connection with the Placing. Application will be made to the London Stock Exchange for the Offer Shares and the Placing Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on \n 10 June 2020 (\"Admission\")\n . \n \n \n Total Voting Rights\n \n \n Following the issue of the Placing Shares and the Offer Shares, the Company will have 3,241,734,619 ordinary shares of 0.025 pence in issue. No Ordinary Shares are held in treasury. The figure of 3,241,734,619 may be used by the ...