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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mgc Pharmaceuticals Limited | LSE:MXC | London | Ordinary Share | AU000000MXC6 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drug & Proprietary Stores | 4.16M | -20.82M | -0.4749 | -0.65 | 13.59M |
TIDMMXC
RNS Number : 0559S
MGC Pharmaceuticals Limited
01 November 2023
MGC Pharmaceuticals Ltd.
Consolidation and New Fund Raising
1 November 2023
ASX, LSE: MXC
MGC Pharmaceuticals Ltd ('MGC Pharma' or 'the Company') would like to provide clarification on the Company's consolidation of capital and new fund raising. Capitalised terms in this announcement have the same meaning as given in the announcements made on 25 October 2023 and 1 November 2023 (the ' Announcements ') unless the context provides otherwise.
Further to the Announcements, the Company confirms that on completion of the Consolidation (anticipated to be finalised on 2 November 2023), the Company will have 4,430,491 Shares in issue, each with one voting right. Therefore, on 2 November 2023, the total number of Shares in issue and voting rights will be 4,430,491 and this figure may be used by shareholders 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 Company under the FCA ' s Disclosure Guidance and Transparency Rules. Following the completion of the Placement (anticipated to be finalised on 7 November 2023), the Company will have 35,430,491 ordinary shares in issue, each with one voting right. Therefore, the Company ' s total number of shares in issue and voting rights will be 35,430,491. The completion of the Placement is anticipated to be finalised on 7 November 2023 and this figure may be used by shareholders 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 Company under the FCA ' s Disclosure Guidance and Transparency Rules.
Furthermore, the Company would like to clarify that following the Consolidation and Placement, only 3,067,543 ordinary shares will be admitted to the Financial Conduct Authority's Official List and to trading on the Main Market of London Stock Exchange plc. The remaining 32,362,948 ordinary shares (post completion of the Placement) that are not being admitted to trading will be issued to the Australian market and trade on the Australian Stock Exchange. These remaining ordinary shares are anticipated to be admitted to the Financial Conduct Authority's Official List and to trading on the Main Market of London Stock Exchange plc in due course and in accordance with the applicable regulatory timeframe under the FCA Listing Rules.
- Ends-
Authorised for release by the Managing Director, for further information please contact:
MGC Pharmaceuticals Ltd MGC Pharmaceuticals Ltd Roby Zomer Rowan Harland CEO & Managing Director Company Secretary +61 8 6555 2950 +61 8 6555 2950 info@mgcpharma.co.uk info@mgcpharma.co.uk UK IR/PR Advisers UK Brokers IFC Advisory Oberon Capital Graham Herring / Tim Metcalfe / Aimee McCusker / Adam Pollock Zach Cohen +44 203 179 5300 +44 203 934 6630 aimeemccusker@oberoninvestments.com mgcpharma@investor-focus.co.uk adampollock@oberoninvestments.com
About MGC Pharma
MGC Pharmaceuticals Ltd (LSE: MXC, ASX: MXC) is a prominent European pharmaceutical company with a strong commitment to creating accessible and ethically produced cutting-edge medicines. Our approach combines in-house research with innovative technologies, all aimed at discovering and producing treatments for currently unmet medical conditions.
The company's founders and executives are distinguished figures in the global pharmaceutical industry. Our central business strategy revolves around the development and supply of innovative medicines, responding to the increasing demand in the medical markets of Europe, North America, and Australasia.
MGC Pharma maintains a robust development pipeline that addresses two prevalent medical conditions, with additional products currently in the developmental stages. We've established strategic partnerships with renowned institutions and academia, fostering the optimization of our medicines' development. These medicines are produced in our EU-GMP Certified manufacturing facilities, ensuring the highest quality standards.
With a growing patient base in key regions like the USA, UK, Australia, and Ireland, MGC Pharma has also built a global distribution network through a wide-reaching group of commercial partners. This extensive network places us in a prime position to supply the global market effectively.
Follow us through our social media channels:
Twitter: @MGC_Pharma
Facebook: @mgcpharmaceuticals
LinkedIn: MGC Pharmaceuticals Ltd.
Instagram: @mgc_pharma
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(END) Dow Jones Newswires
November 01, 2023 07:30 ET (11:30 GMT)
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