Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, announces that the Company was notified on 16 September 2011 that Richard Wright, a Director of the Company, exercised options to acquire 136,376 ordinary shares of 1 pence each (Ordinary Shares) at a price of 8.25p per share and 463,624 Ordinary Shares at 8.5 pence per share, all 600,000 of which were subsequently sold on 16 September 2011 at 30.50 pence per share. Following these transactions, Mr Wright holds 190,768 Ordinary Shares in the Company, representing approximately 0.08% of the enlarged issued share capital.
Application has been made for the 600,000 Ordinary Shares to be admitted to AIM, with trading expected to commence on 22 September 2011 ("Admission"). Upon Admission the shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.
After Admission, Alliance will have 239,994,534 Ordinary Shares in issue.
For further information:
Alliance Pharma plc
+ 44 (0) 1249 466966
John Dawson, Chief Executive
Richard Wright, Finance Director
+ 44 (0) 20 7466 5000
Mark Court / Jessica Fontaine
Numis Securities Limited
+ 44 (0) 20 7260 1000
Nominated Adviser: Michael Meade / Oliver Cardigan
Corporate Broking: David Poutney
Notes to editors:
Alliance, founded in 1998, is an AIM listed speciality pharmaceutical company based in Chippenham, Wiltshire, UK. The Company has a strong track record of acquiring the rights to established niche products and owns or licenses the rights to more than 50 pharmaceutical products and continues to explore opportunities to expand the range.
Alliance's products are prescribed in the treatment of a wide range of conditions and include products used in the treatment of dermatological conditions, in oncology, in childbirth, in the prevention of heart disease, in Parkinson's disease, in nutrition and in nasal infections. Alliance's sales are mainly prescription driven. Its products are distributed to hospitals directly and to pharmaceutical wholesalers, which service both hospital and retail pharmacies with their prescription requirements.
Alliance joined the AIM market of the London Stock Exchange in December 2003 and trades under the symbol APH.
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