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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Okyo Pharma Limited | LSE:OKYO | London | Ordinary Share | GG00BD3FV870 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 91.00 | 1.20 | 1.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOKYO
RNS Number : 1165H
OKYO Pharma Limited
23 March 2020
FOR IMMEDIATE RELEASE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
23 March 2020
OKYO Pharma Limited
("OKYO" or the "Company")
Update on Placing to raise GBP560,000
Further to the Company's announcement of 19 March 2020 that it had conditionally placed 112,000,000 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 0.5 pence each (the "Placing Price") to raise GBP560,000 (before expenses) (the "Placing"), the Company has agreed to stagger the Placing into two tranches.
In light of an issue of shares on 22 May 2019 and, accordingly, in order to avoid the need to publish a prospectus for the Placing, the Company, with the agreement of the places, will now seek Admission of 75,825,130 Placing Shares immediately, and make further applications to the FCA and to the London Stock Exchange for Admission of the balance of 36,174,870 Placing Shares for admission on or about 25 May 2020.
The terms and conditions of the Placing are unchanged in all other respects.
It is expected that Admission will become effective, and that dealings in the first tranche of 75,825,130 Placing Shares are expected to commence, at 8.00 a.m. on 24 March 2020.
The rights attaching to the Placing Shares will be uniform in all respects and all of the Placing Shares will rank pari passu, and form a single class for all purposes with, the existing issued shares of no par value in the Company.
Following Admission of the Placing Shares, the enlarged Share Capital will be 636,297,049 ordinary shares of no par value.
The Company will make a further announcement upon the closing of the second tranche of the Placing.
The person who arranged for the release of this announcement on behalf of the Company was Tiziano Lazzaretti, Chief Financial Officer of OKYO.
About OKYO
OKYO Pharma Limited (LSE: OKYO) is a life sciences and biotechnology company admitted to listing on the standard segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange plc. OKYO is focusing on the discovery and development of novel molecules to treat inflammatory dry eye diseases and chronic pain.
Enquiries:
OKYO Pharma Limited Willy Simon +44 (0)20 7382 8300 Antonio Bossi Shore Capital Limited (Broker) David Coaten +44 (0)20 7601 6100
For further information, please visit the Company's website at www.okyopharma.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.
END
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(END) Dow Jones Newswires
March 23, 2020 03:00 ET (07:00 GMT)
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