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Share Name | Share Symbol | Market | Type |
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SEB SA | AQEU:SKP | Aquis Europe | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.30 | -0.29% | 101.80 | 101.70 | 101.90 | 101.90 | 100.00 | 100.50 | 1,131 | 12:22:50 |
RNS Number:5149T Skyepharma PLC 19 December 2003 For Immediate Release 19 December, 2003 SkyePharma PLC SKYEPHARMA'S FOUNDER AND CHAIRMAN TO STEP DOWN TO NON-EXECUTIVE ROLE LONDON, UK, 19 December 2003 -- SkyePharma PLC (LSE: SKP, Nasdaq: SKYE) announces today that Ian Gowrie-Smith will step down as Executive Chairman at SkyePharma's next Annual General Meeting in 2004 and seek reappointment as Non-Executive Chairman. This will enable Mr Gowrie-Smith to concentrate on his other business interests, including Triple Plate Junction PLC ("Triple Plate Junction") whose fund-raising and intention to join the Alternative Investment market ("AIM") are being announced today. Mr Gowrie-Smith founded SkyePharma in 1996. Over the following seven years he has built it into a company with a current market capitalisation of #470 million that is a world leader in drug delivery technology, producing easier-to-use and more effective formulations of drugs. Prior to setting up SkyePharma, he founded Medeva PLC, a UK pharmaceutical company that was subsequently acquired by Celltech PLC in 1999 for #554 million. Mr Gowrie-Smith is Non-Executive Chairman of Triple Plate Junction, a gold exploration and mining company. He is also Non-Executive Chairman of Tiberon Minerals Limited, a mining company whose shares are listed on the Toronto Stock Exchange. Additionally Mr Gowrie-Smith is Non-Executive Chairman of Micap PLC, a UK company based on yeast technology. SkyePharma currently holds just over 18% of the issued share capital of Micap. Mr Gowrie-Smith, Chairman of SkyePharma, said "It has been a great challenge to start and then build first Medeva and now SkyePharma. However it is in the earlier stages of a company's development where I believe I can make the greatest contribution. With the expansion of my other interests and with SkyePharma now firmly established, I think the time is now appropriate for me to relinquish my executive role. I remain convinced that SkyePharma has an exciting future and I look forward to seeing the company harvest the fruits of our labours over the past seven years." SkyePharma PLC develops pharmaceutical products benefiting from world-leading drug delivery technologies that provide easier-to-use and more effective drug formulations. There are now nine approved products incorporating three of SkyePharma's five technologies in the areas of oral, injectable, inhaled and topical delivery, supported by advanced solubilisation capabilities. For more information, visit www.skyepharma.com. Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors, which are described in SkyePharma's 20-F and other documents on file with the SEC. These include without limitation risks in obtaining and maintaining regulatory approval for existing, new or expanded indications for its products, other regulatory risks, risks relating to SkyePharma's ability to manufacture pharmaceutical products on a large scale, risks that customer inventory will be greater than previously thought, risks concerning SkyePharma's ability to manage growth, market a pharmaceutical product on a large scale and integrate and manage an internal sales and marketing organization and maintain or expand sales and market share for its products, risks relating to the ability to ensure regulatory compliance, risks related to the research, development and regulatory approval of new pharmaceutical products, risks related to research and development costs and capabilities, market acceptance of and continuing demand for SkyePharma's products and the impact of increased competition, risks associated with anticipated top and bottom line growth and the possibility that upside potential will not be achieved, competitive products and pricing, and risks associated with the ownership and use of intellectual property rights. SkyePharma undertakes no obligation to revise or update any such forward-looking statement to reflect events or circumstances after the date of this release. For further information please contact: SkyePharma PLC +44 207 491 1777 Michael Ashton, Chief Executive Officer Peter Laing, Director of Corporate Communications +44 207 491 5124 Sandra Haughton, US Investor Relations +1 212 753 5780 Buchanan Communications +44 207 466 5000 Tim Anderson This information is provided by RNS The company news service from the London Stock Exchange END BOANKCKBABDDABD
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