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CRX Cyprotex

160.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyprotex LSE:CRX London Ordinary Share GB00BP25RZ14 ORD £0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 160.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Cyprotex PLC Conversion of Loan Notes, Directors Dealing & TVR (5878B)

08/10/2015 7:00am

UK Regulatory


Cyprotex (LSE:CRX)
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TIDMCRX

RNS Number : 5878B

Cyprotex PLC

08 October 2015

Cyprotex PLC

("Cyprotex" or "the Company")

Conversion of Loan Notes, Directors Dealing

& Total Voting Rights

Cyprotex PLC (AIM: CRX), the drug discovery technology and information company, today announces that it has issued 25,641 new ordinary shares of 0.1p each ("new Ordinary Shares") pursuant to the conversion of Convertible Loan Notes.

The issue of these new Ordinary shares is subject to the new Ordinary Shares being admitted to trading on AIM, application for which has been made. Trading in the new Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares, is expected to commence on 13 October 2015.

As part of this conversion the Company has received notification that Dr. Anthony David Baxter, Chief Executive Officer of the Company acquired 23,423 ordinary shares in the Company as a result of conversion of Convertible Loan Notes and associated Convertible PIK Loan Notes in the Company to the value of GBP14,054 at a conversion price of 60 pence per share. As a result of this conversion Dr. Baxter has a beneficial interest in 155,797 ordinary shares in the Company representing approximately 0.69 per cent. of the Company's total voting rights following the conversion.

Total Voting Rights

Following the issue of the 25,641 new Ordinary Shares on 13 October 2015, the Company will have a total of 22,468,340 Ordinary Shares in issue and one voting right per Ordinary Share.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the FSA's Disclosure and Transparency Rules.

The above information is provided by the Company in accordance with its obligations under the FSA's Disclosure and Transparency Rules.

For further information:

 
 Cyprotex PLC                         Tel: +44 (0) 1625 
                                       505 100 
 Dr Anthony Baxter, Chief Executive   ir@cyprotex.com 
  Officer                              www.cyprotex.com 
  John Dootson, Chief Financial 
  Officer 
  Mark Warburton, Chief Operating 
  Officer and Legal Counsel 
 
 N+1 Singer (Nomad and broker to      Tel: +44 (0)20 
  Cyprotex)                            7496 3000 
 Shaun Dobson                         shaun.dobson@n1singer.com 
  Jen Boorer                           jennifer.boorer@n1singer.com 
                                       www.n1singer.com 
 

About Cyprotex PLC

Cyprotex is listed on the AIM market of the London Stock Exchange (CRX). It has sites in Macclesfield and Alderley Park, near Manchester in the UK, Watertown, MA and Kalamazoo, MI in the US. The Company was established in 1999 and works with more than 1100 partners within the pharmaceutical and biotech industry, cosmetics and personal care industry and the chemical industry. Cyprotex acquired Apredica and the assets of Cellumen Inc. in August 2010 and the combined business provides support for a wide range of experimental and computational ADME-Tox and PK services, extending from early drug discovery through to IND submission. The acquisition of the assets and business of CeeTox in January 2014 has enabled Cyprotex to expand its range of services to target the personal care, cosmetics and chemical industries. The Company's core capabilities include high quality in vitro ADME screening services, mechanistic toxicology and high content toxicology screening services, including our proprietary CellCiphr(R) toxicity prediction technology, predictive modelling using PBPK and QSAR techniques, including Cloe(R) PK for in vivo PK prediction, and a range of skin, ocular and endocrine disruption services. For more information, see www.cyprotex.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUBVVRVAARRAA

(END) Dow Jones Newswires

October 08, 2015 02:00 ET (06:00 GMT)

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