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Skyepharma Share News (SKP)



Share News for Skyepharma (SKP)


Share Price: 49.125Bid: 48.25Ask: 50.00Change: 0.00 (0.00%)No Movement on Skyepharma
Spread: 1.75Spread as %: 3.63%Open: 48.00High: 54.00Low: 46.9741Yesterday’s Close: 49.125




BRIEF-SkyePharma in 18.4 mln stg placing and open offer

Mon, 1st Sep 2008 18:54

LONDON, Sept 1 (Reuters) - SkyePharma Plc :

* Announces proposals for renegotiated
terms for the 2024 and 2025 convertible bonds, extending put dates to 2013 and 2014 respectively and resetting the conversion price

* A related fully underwritten Placing and Open Offer of 1,401,780,736 new shares to raise 18.4 million pounds (net of expenses), and a share capital reorganisation

* The new ordinary shares have been placed by Credit Suisse and Piper Jaffray, the company's brokers, with a range of existing and new institutional and strategic investors ((London Equities Newsroom; +44 20 7542 7717))



tf.TFN-Europe_newsdesk@thomson.com

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