Alliance Pharma PLC AGM Statement (2950O)

TIDMAPH

RNS Number : 2950O

Alliance Pharma PLC

27 May 2015

 
 For immediate release                                                    27 May 2015 
 

ALLIANCE PHARMA PLC

("Alliance" or the "Company")

AGM Statement

Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, will hold its Annual General Meeting ("AGM") in London later this morning. At the meeting, the Company's Chairman, Andrew Smith, will make the following statement:

"Trading in the first four months of 2015 has been satisfactory with revenue of GBP15.6 million, which is 6% higher than the same period last year (2014: GBP14.7 million).

"Hydromol(TM), our biggest brand, has continued to grow strongly, with sales in the first four months of the year up 14% on the same period in the prior year. In the first three months after acquisition, MacuShield(TM) sales have been in line with our expectations, up 12% on the same period the previous year.

"We continue to expect supplies of ImmuCyst(TM) to be resumed in the second half of the year, though initial quantities are still uncertain.

"As previously announced, Richard Wright will be stepping down as Finance Director on 31 May 2015. On behalf of the Board, I extend our thanks to Richard for his excellent work at Alliance and wish him every success in the future. The process to recruit his replacement is progressing well.

"We have a strong pipeline of potential acquisition opportunities and have more than GBP20 million of undrawn bank facilities available to us.

"We look forward to the remainder of 2015 with confidence."

For further information:

 
 Alliance Pharma plc                 + 44 (0) 1249 466966 
 John Dawson, Chief Executive 
 Richard Wright, Finance Director 
 www.alliancepharma.co.uk 
                                         + 44 (0) 20 7466 
 Buchanan                                            5000 
 Mark Court / Sophie Cowles 
  / Jane Glover 
 
                                         + 44 (0) 20 7260 
 Numis Securities Limited                            1000 
 Nominated Adviser: Michael 
  Meade / Freddie Barnfield 
 Corporate Broking: David 
  Poutney 
 

Notes to editors:

About Alliance

Alliance, founded in 1998, is an AIM listed speciality pharmaceutical company based in Chippenham, Wiltshire, UK. The Company has a strong track record of acquiring the rights to established niche products and owns or licenses the rights to more than 60 pharmaceutical products and continues to explore opportunities to expand the range.

Alliance joined the AIM market of the London Stock Exchange in December 2003 and trades under the symbol APH.

This information is provided by RNS

The company news service from the London Stock Exchange

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