Immupharma PLC Realisation-c£1.5m on sale of shares in Incanthera

RNS Number : 8529Q

Immupharma PLC

03 June 2024

 

 

RNS | 3 June 2024

 

ImmuPharma PLC

("ImmuPharma" or the "Company")

 

Realisation of c£1.5 million on sale of shares in Incanthera plc

 

ImmuPharma PLC (LSE AIM: IMM), the specialist drug discovery and development company, announces that it has realised gross proceeds of c£1.5 million on the sale of its entire holding of c9.9 million shares in Incanthera plc.

 

Following this transaction, ImmuPharma retains c7.3 million warrants in Incanthera plc which have an exercise price of 9.5p and exercise expiry date of 6 September 2024.

 

For further information please contact:   ImmuPharma PLC (www.immupharma.com) Dr Tim Franklin, COO Lisa Baderoon, Head of Investor Relations [phone]   + 44 (0) 7721 413496     SPARK Advisory Partners Limited (NOMAD) Neil Baldwin   Stanford Capital Partners (Joint Broker) Patrick Claridge, Bob Pountney   SI Capital (Joint Broker) Nick Emerson   [phone]     [phone]/51     [phone]

Notes to Editors

 

About ImmuPharma PLC

 

ImmuPharma PLC (LSE AIM: IMM) is a specialty biopharmaceutical company that discovers and develops peptide-based therapeutics. The Company's portfolio includes novel peptide therapeutics for autoimmune diseases and anti-infectives. The lead program, P140 is a first-in class autophagy immunomodulator for the treatment of Lupus and CIDP and preclinical analysis suggests P140 may have therapeutic benefit in many other autoimmune diseases that are caused by the same dysfunction in the immune system.

 

For additional information about ImmuPharma please visit www.immupharma.co.uk

 

ImmuPharma's LEI (Legal Entity Identifier) code : 213800VZKGHXC7VUS895.

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