RNS8 May 2018 08:37
Amryt Pharma PLC (AMYT)
Amryt Pharma PLC
Holding(s) in Company and Lock-in agreement
RNS Number : 2643N
Amryt Pharma PLC
08 May 2018
8 May 2018
AIM: AMYT
ESM: AYP
AMRYT PHARMA PLC
("Amryt" or the "Company")
Holdings in Company and Lock-in agreement
The Company was notified today that Raglan Road Capital Limited ("Raglan Road Capital"), a company in which Cathal Friel and his wife, Pamela Iyer, own, has today sold 8,380,000 ordinary shares of �0.01 each ("Ordinary Shares") at a price of 17 pence per Ordinary Share (the "Disposal"). As a result of the Disposal Raglan Road Capital Limited is interested, in aggregate, in 24,697,347 Ordinary Shares in the Company representing 8.99 per cent. of the Company's issued share capital.
Cathal Friel and Raglan Road Capital have both entered into a two year restriction on sale of their Ordinary Shares (the "Locked-in Parties"). The Locked-in Parties have entered into irrevocable undertakings that they will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in ordinary shares for a period of 12 months following the Disposal, save in certain very limited circumstances. The Locked-in Parties have each also undertaken that they will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in Ordinary Shares for a period of 12 months following the first anniversary of the Disposal unless such disposal is effected through Shore Capital Stockbrokers Limited ("Shore Capital"), to ensure an orderly market ("Orderly Market Period"). Any sale of Ordinary Shares during the Orderly Market Period will be in such a manner as Shore Capital may reasonably require with the view to the maintenance of an orderly market.
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