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ERGO Ergomed Plc

1,346.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ergomed Plc LSE:ERGO London Ordinary Share GB00BN7ZCY67 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% 1,346.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ergomed plc Issue of Consideration Shares (0622H)

04/04/2022 7:01am

UK Regulatory


Ergomed (LSE:ERGO)
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TIDMERGO

RNS Number : 0622H

Ergomed plc

04 April 2022

Issue of Consideration Shares to Founder of MedSource

Guildford, UK - 4 April 2022 : Ergomed plc (LSE: ERGO) ("Ergomed" or the "Company"), a company focused on providing specialised services to the pharmaceutical industry, today announces that application has been made to AIM for the admission of 155,558 new ordinary shares of 1p each in the capital of the Company ("Consideration Shares").

The Consideration Shares are being issued to Eric Lund, the founder and former shareholder of MS Clinical Services, LLC ("MedSource"), as part of the consideration for the acquisition of MedSource, announced on 14 December 2020 . Under the terms of the acquisition, part of the consideration payable for MedSource was to be satisfied by the issue of up to $1.8 million in Ergomed shares, subject to reduction for breaches of representations and warranties. Each Consideration Share has a value of GBP8.7555, such price being based on the average daily closing price of the Company's shares for the 30 days preceding the acquisition, in accordance with the terms of the acquisition documents. The Consideration Shares are subject to a six month lock-in, followed by a six month orderly market provision, from the date of issue.

Admission to trading on AIM of the Consideration Shares ("Admission") is expected to occur on 5 April 2022. Following Admission, the Consideration Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Following Admission, the total number of ordinary shares with voting rights in issue will be 49,507,129. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

ENDS

Enquiries :

Ergomed plc Tel: +44 (0) 1483 402 975

Miroslav Reljanović (Executive Chairman)

Richard Barfield (Chief Financial Officer)

Keith Byrne (Senior Vice-President, Capital Markets & Strategy)

   Numis  (Nominated Adviser and Joint Broker)                              Tel: +44 (0) 20 7260 1000 

Freddie Barnfield / Euan Brown (Nominated Adviser)

James Black (Broker)

Peel Hunt LLP (Joint Broker) Tel: +44 (0) 20 7418 8900

James Steel / Dr. Christopher Golden

   Consilium Strategic Communications                                       Tel: +44 (0) 20 3709 5700 

Chris Gardner / Matthew Neal / Angela Gray ergomed@consilium-comms.com

About Ergomed plc

Ergomed provides specialist services to the pharmaceutical industry spanning all phases of clinical development, post-approval pharmacovigilance and medical information. Ergomed's fast-growing services business includes an industry-leading suite of specialist pharmacovigilance (PV) solutions, integrated under the PrimeVigilance brand, a full range of high-quality clinical research and trial management services under the Ergomed brand (CRO) and mission-critical regulatory compliance and consulting services under the ADAMAS brand. For further information, visit: http://ergomedplc.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

April 04, 2022 02:01 ET (06:01 GMT)

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