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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bioprogress | LSE:BPRG | London | Ordinary Share | GB0032681628 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5130C BioProgress PLC 21 August 2007 For Immediate Release 21 August 2007 BioProgress plc ('BioProgress' or the 'Company') Transfer of Rocgel Marketing Authorisation Payment of deferred consideration London, UK, 21 August 2007: BioProgress (AIM: BPRG), the specialty pharma and healthcare company announces that it has completed the transfer of the marketing authorisation of Rocgel(TM), an antacid used in the treatment of pain associated with gastro-intestinal conditions, from Tonipharm to BioProgress. This acquisition was announced on 17 May 2007 and completed on 18 May 2007. Euro4.35 million of the acquisition consideration of the Euro7.85 million was paid on completion by the issue of 5,370,629 BioProgress ordinary shares of #0.01 each. The remaining Euro3.5 million of the acquisition price which is payable on the transfer of the marketing authorisation will be paid in two stages. The first stage is the payment of Euro2.0 million yesterday and the second stage will be the payment of Euro1.5 million on 20 September. The Company satisfied the Euro2.0 million paid yesterday by a cash payment of Euro1.25 million and Euro0.75 million by the issue of 1,041,666 new ordinary shares to the vendors. Application has been made for these new ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange. It is expected that dealings will commence on 21 August 2007. The new ordinary shares rank pari passu in all respects with the existing issued share capital of the Company. For further information: BioProgress Plc + 44 (0) 20 7098 9881 Richard Trevillion, CEO Steve Martin, CDO Hiral Patel, CFO Buchanan Communications + 44 (0) 20 7466 5000 Rebecca Skye Dietrich Mark Court Nomura Code Securities Limited + 44 (0) 20 776 1200 Richard Potts About BioProgress BioProgress plc is an innovative specialty pharmaceutical and healthcare business based around its platform technologies in polymer and film systems. Listed on London's AIM in May 2003. The company has over 80 patents granted or in application within 24 patent families and has product development agreements and strategic alliances with several global companies. As a virtually integrated business, BioProgress has acquired sales and marketing resources within Europe and the US as a launch mechanism for its own pharmaceutical products. The business continues to develop innovative delivery mechanisms using its XGELTM polymer technology. For further information please go to www.bioprogress.com Forward-Looking Information. The Ordinary Shares of BioProgress plc are registered under the US Securities and Exchange Act of 1934. To the extent that this announcement contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, this paragraph applies. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The forward-looking statements in this release include statements addressing future financial and operating results and the timing and benefits of the reorganisation. Detailed information about factors pertinent to the business of the company that could cause actual results to differ is set forth in the Company's filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaim any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of any securities or investment advice. The distribution of the announcement and/or issue of securities in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about and to observe such restrictions. This information is provided by RNS The company news service from the London Stock Exchange END MSCQBLFLDVBLBBF
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