Motif Bio PLC Exercise of Warrants (2659B)

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RNS Number : 2659B

Motif Bio PLC

08 January 2018

Motif Bio plc

("Motif Bio" or the "Company")

Exercise of Warrants

Motif Bio plc (AIM/NASDAQ: MTFB), a clinical stage biopharmaceutical company specialising in developing novel antibiotics, announced that it has received notification from a warrant holder to exercise warrants representing 471,602 ordinary shares of 1p each ("Ordinary Shares") in the Company at an exercise price of 20.0p per warrant for total consideration of GBP94,320.40.

Application has been made for the 471,602 new Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur at 8.00 a.m. on January 11, 2018. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Following Admission, and for the purposes of the Disclosure Guidance and Transparency Rules, the Company's total issued share capital will consist of 263,990,730 Ordinary Shares. Shareholders may use this figure 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 issued share capital of the Company.

For further information, please contact:

 
 Motif Bio plc                                                                        [e-mail] 
 Graham Lumsden (Chief 
  Executive Officer) 
 Robert Dickey IV (Chief 
  Financial Officer) 
 
 Peel Hunt LLP (NOMAD 
  & BROKER)                                                                        + 44 (0)20 7418 8900 
 Dr Christopher Golden 
 Oliver Jackson 
 
 Northland Capital Partners 
  Limited (BROKER)                                                                  [phone] 
 Patrick Claridge/ David 
  Hignell 
 John Howes/ Rob Rees 
  (Broking) 
 
 Walbrook PR Ltd.                                       [phone] or [e-mail] 
  (FINANCIAL PR & IR) 
 Paul McManus/Helen Cresswell/Lianne 
  Cawthorne 
 
 MC Services AG (EUROPEAN 
  IR)                                                                                [phone] 
 Raimund Gabriel                                                         [e-mail] 
 
 
 The Trout Group (US                                                                 + 1 [phone] 
  IR) 
 Meggie Purcell                                                                 [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 08, 2018 10:23 ET (15:23 GMT)