SkinBioTherapeutics PLC Conversion Notice and Total Voting Rights

RNS Number : 1736Q

SkinBioTherapeutics PLC

29 May 2024

 

 

SkinBioTherapeutics plc

("SkinBioTherapeutics" or "the Company")

 

Conversion Notice and Total Voting Rights

 

29 May 2024 - SkinBioTherapeutics plc, (AIM: SBTX, or the "Company"), the life science business focused on skin health, announces that it received a Conversion Notice on 20 May 2024 from Macquarie ("Macquarie") for £150,000 of Convertible Bonds from the £5.0 million convertible bond facility announced on 25 January 2024. The Company has drawn a total of £1,600,000 under the Facility.

 

SkinBioTherapeutics will issue 1,875,316 ordinary shares of £0.01 per share ("Ordinary Shares") at a conversion price of 7.998651p per Ordinary Share.

 

Admission and Total Voting Rights

 

Application has been made for the 1,875,316 new ordinary shares, which will rank pari passu in all respects with the existing ordinary shares of the Company, to be admitted to AIM, which is expected to occur on or around 8.00 a.m. on 30 May 2024 ("Admission"). Upon Admission, the total number of issued shares and the total number of voting rights in the Company will be 202,255,223.

 

The above figure of 202,255,223 should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

-Ends-

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

For more information please contact: SkinBioTherapeutics plc Stuart J. Ashman, CEO Manprit Randhawa, CFO   Tel: [phone]   Cavendish Capital Markets Limited (Nominated Adviser & Broker) Giles Balleny, Dan Hodkinson (Corporate Finance) Charlie Combe (Broking) Dale Bellis, Tamar Cranford-Smith (Sales)   Tel: [phone] Instinctif Partners (financial press) Melanie Toyne-Sewell / Jack Kincade Tel: [phone] [e-mail]

 

Notes to Editors

About SkinBioTherapeutics plc

SkinBioTherapeutics is a life science company focused on skin health. The Company's proprietary platform technology, SkinBiotix^®, is based upon discoveries made by the translational dermatology team at the University of Manchester.

The Company is targeting a number of skin healthcare sectors, the most advanced of which are cosmetic skincare and food supplements to modulate the immune system by harnessing the gut-skin axis. In each area SkinBioTherapeutics plans to exemplify its technology through human studies. The Company's first product, AxisBiotix-Ps™, a food supplement to address the symptoms of mild to moderate psoriasis.

The Company listed on AIM in April 2017 and is based in Newcastle, UK. For more information, visit: www.skinbiotherapeutics.com and www.axisbiotix.com.

 

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