RE: Should be an interesting week2 May 2020 13:21
Oldapache all the information is there to see in the RNS section CLN's and warrants need to clear before this moves so it is being held in a range to clear them...hence the spread
Fri, 24th Apr 2020 07:00
RNS Number : 7248K
Tiziana Life Sciences PLC
24 April 2020
Tiziana Life Sciences plc
("Tiziana" or the "Company")
Issue of Equity and Resulting Total Voting Rights. Update on AIM cancellation and migration to Nasdaq.
London, New York, 24 April 2020 - Tiziana Life Sciences plc (Nasdaq: TLSA / AIM: TILS) (the "Company" or "Tiziana"), a US and UK biotechnology company that focuses on the discovery and development of novel molecules to treat human disease in oncology and immunology, today announces that it has allotted and issued a total of 6,118,797 ordinary shares of 3 pence each ("Ordinary Shares") credited as fully paid in respect of (i) the conversion of £1,595,322 in face value of its outstanding convertible notes at a conversion price of 42 pence per share (including accrued interest of 16 per cent.); and (ii) the exercise of 1,712,672 warrants at a price of 35 pence per share, yielding £599,435.20 in cash proceeds for the Company and retiring £1,595,322 of indebtedness.
Application has been made for the 6,118,797 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 30 April 2020. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that as at the date of this announcement, it has a single class of shares in issue being Ordinary Shares and that following the issue of the Ordinary Shares to be issued in connection with the conversion of the loan notes and the exercise of the warrants, the total number of Ordinary Shares in issue is 160,516,883. There are no Ordinary Shares held in treasury. Each Ordinary Share entitles the holder to a single vote at general meetings of the Company.