RE: Rns19 Aug 2020 08:09
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Share Price Information for Valirx (VAL)
London Stock Exchange
Share Price:
17.25
Bid:
17.00
Ask:
17.50
Change:
0.00 (0.00%)
Spread:
0.50 (2.94%)
Open:
17.35
High:
17.35
Low:
16.50
Yest. Close:
17.375
VAL Live PriceLast checked at 07:08:05
Block Listing Application and Company Update
Wed, 19th Aug 2020 07:00
RNS Number : 5089W
ValiRx PLC
19 August 2020
VALIRX PLC
("ValiRx", the "Company" or the "Group")
Block Listing Application and Company Update
London, UK 19 August 2020: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company announces an application of a block listing of securities to facilitate the potential exercise of warrants; a summary of the terms of Fundraise Warrants in relation to the Conditional Fundraise announcement made by the Company on 4 May 2020; and an update in respect of the Company's clinical programmes.
Block Listing Application
Application has been made to the London Stock Exchange for the block listing of securities in respect of 9,034,732 ordinary shares of 0.1 pence each ("New Ordinary Shares") to be admitted to trading on AIM.
The block listing application relates to 9,034,732 ordinary shares of 0.1 pence each to be issued from time to time in order to satisfy the potential exercise of the Fundraise Warrants granted by the Company in relation to the Conditional Fundraise announced on 4 May 2020 ("ValiRx plc Fundraise Warrants May 2020").
It is expected that admission will become effective on or around 24 August 2020.
When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respect