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Pin to quick picksPlethora Solutions Holdings Plc Share News (PLE)

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Plethora Solutions recommends GBP96m Regent Pacific offer

Tue, 15th Dec 2015 13:57

(ShareCast News) - Plethora Solutions, which is developing a treatment for premature ejaculation, has agreed on a takeover by Hong Kong-listed Regent Pacific that values the AIM company at roughly £96m or 11.65p per share.At Regent Pacific's closing price on Monday, this valued Plethora at a level not seen since summer last year and a 29.5% to the last equity offer by Plethora of 9p per Plethora Share on 29 August 2014.Investment company Regent, which already owns a 29.88% stake and shares its chairman and chief executive with London-listed speciality pharmaceutical company, will pay each 15.7076 new Regent Pacific shares for each Plethora share, other than those owned by Regent.Following completion of the offer, Plethora shareholders other than Regent Pacific will hold approximately 65.98% of the combined group.Plethora's EU-approved premature ejaculation treatment, PSD502, is also preparing a New Drug Application to the US FDA and Regent suggested its offer "will allow the management team to focus on the successful commercialisation of PSD502 as quickly as possible"."Regent Pacific believes that Asia Pacific is likely to become a key component to the eventual marketing and distribution strategy for PSD502 and Regent Pacific's Hong Kong office will provide an excellent base from which to manage the controlled launch of the product following receipt of relevant regulatory approvals."Shares in Plethora were up 13.9% to 5.12p by 1425 GMT on Tuesday.
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12 Mar 2014 09:03

Wednesday broker round-up UPDATE

Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord

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11 Mar 2014 14:16

UK MIDDAY BRIEFING: African Barrick Gold Hit By Stake Sale

LONDON (Alliance News) - African Barrick Gold has fallen sharply Tuesday after parent Barrick Gold Corp sold a 10% stake, while Sports Direct International is up after the company's board said it will again try and give Mike Ashley a bigger stake as payment fo

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11 Mar 2014 13:51

CORRECT: UK WINNERS & LOSERS: African Barrick Gold Leads FTSE 250 Fallers

(An item published at 1145 GMT mistated the year-earlier period in the Fenner summary and the revenue figures in the Inchcape summary. The correct version follows:) LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tues

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11 Mar 2014 11:45

UK WINNERS & LOSERS: African Barrick Gold Leads FTSE 250 Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.

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FTSE 100 - WINNERS

Sports Direct International, up 2.5%. The sports goods retailer said it

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11 Mar 2014 10:20

Plethora soars on drug development update

Plethora Solutionas saw its value jump by around a third on Tuesday morning after it revealed a meeting with the US Food and Drug Administration (FDA) had resulted in a clear pathway to the successful submission of a new drug application. The application is for PSD 502, a drug used in the treatmen

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11 Mar 2014 09:47

Plethora Solutions Shares Jump 33% As It Moves Ahead With PSD 502

LONDON (Alliance News) - Shares in Plethora Solutions Holdings PLC jumped 33% Tuesday morning after it said it was in negotiations with a number of potential marketing partners for its premature ejaculation treatment PSD 502. The company said following its meeting with the US Food and Drug

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3 Feb 2014 09:20

Plethora Solutions Mulls Dosage Change That Could Raise Profit Potential

LONDON (Alliance News) - Plethora Solutions PLC Monday said it is considering reducing the size of the doses of its premature ejaculation treatment that it eventually brings to market, potentially increasing the profits it can make, as it also said it had a positive initial meeting with US regula

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 11:41

Plethora Solutions Slides As CEO Unexpectedly Departs

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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22 Nov 2013 12:13

STOCKS NEWS EUROPE-UK small caps up 0.2 pct at mid-session

The FTSE small cap index is up 0.2 percent into mid-session and junior-listed AIM shares gain 0.3 percent, both outperforming a 0.2 percent fall on the blue chips. Shares in AIM-listed investment company Clear Leisure more than double in price to 2.61 pence in heavy volumes after receiving

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22 Nov 2013 09:17

Plethora Solutions Talking With Several Parties About Sales Of Its Treatment

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22 Nov 2013 07:40

AIM IN BRIEF: IMIC Share Placing Raises GBP13.0 Million

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19 Nov 2013 12:28

UK WINNERS & LOSERS: Travel Stocks Take Off; Afren, Lekoil Lifted By Nigeria Find

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19 Nov 2013 10:49

Plethora Gets European Marketing Approval For Ejaculation Treatment

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