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OptiBiotix Health plc RNS Release

Exercise of warrant and issue of equity


RNS Number : 4154Z
OptiBiotix Health PLC
14 December 2017
 

OptiBiotix Health plc

("OptiBiotix" or the "Company")

 

Exercise of warrant and issue of equity

 

OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol, diabetes has received a notification for the exercise of warrants over 73 ordinary shares in the Company at an exercise price of 8p per share, providing the Company with proceeds of £5.84.

 

Application will be made to the London Stock Exchange to admit the 73 new ordinary shares to trading on AIM. Admission of the new ordinary shares is expected to occur on or around 20 December 2017.  The new ordinary shares will rank pari passu with the existing ordinary shares.

 

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise 79,331,550 ordinary shares of 2p each. The above 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 Disclosure and Transparency Rules.

 

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

For further information, please contact:

 

OptiBiotix Health plc

www.optibiotix.com

Stephen O'Hara, Chief Executive

Contact via Walbrook below

 

 

Cairn Financial Advisers LLP

Tel: 020 7213 0880

Liam Murray / Jo Turner

 

 

 

finnCap Broker

Tel: 020 7220 0500

Adrian Hargrave / Scott Mathieson / Kate Bannatyne (Corporate Finance)

 

Tony Quirke (Corporate Broking)

 

 

 

Walbrook PR Ltd

                 Tel: 020 7933 8780 or  [email protected]

Anna Dunphy

Mob: 07876 741 001

     

 

About OptiBiotix - www.optibiotix.com

OptiBiotix was formed in March 2012 to develop compounds which modify the human microbiome - the collective genome of the microbes in the body - to prevent and manage human disease. 

 

The aim of OptiBiotix is to discover and develop microbial strains, compounds and formulations, which modulate the human microbiome and can be used as food ingredients and supplements or active compounds for the prevention and management of human metabolic diseases, examples of which include obesity, cholesterol and lipid distribution and diabetes. 

 

OptiBiotix has established a pipeline of microbiome modulators that can impact on lipid and cholesterol management, energy harvest and appetite suppression. The development pipeline is fuelled by its proprietary OptiScreen® and OptiBiotic® platform technologies designed to identify metabolic pathways and compounds that impact on human physiology and bring potential health benefits.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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