8 Oct 2015 07:00
Cyprotex PLC("Cyprotex" or "the Company")Conversion of Loan Notes, Directors Dealing
& Total Voting Rights
Cyprotex PLC (AIM: CRX), the drug discovery technology and information company, today announces that it has issued 25,641 new ordinary shares of 0.1p each ("new Ordinary Shares") pursuant to the conversion of Convertible Loan Notes.
The issue of these new Ordinary shares is subject to the new Ordinary Shares being admitted to trading on AIM, application for which has been made. Trading in the new Ordinary Shares, which will rank pari passu in all respects with the existing ordinary shares, is expected to commence on 13 October 2015.
As part of this conversion the Company has received notification that Dr. Anthony David Baxter, Chief Executive Officer of the Company acquired 23,423 ordinary shares in the Company as a result of conversion of Convertible Loan Notes and associated Convertible PIK Loan Notes in the Company to the value of £14,054 at a conversion price of 60 pence per share. As a result of this conversion Dr. Baxter has a beneficial interest in 155,797 ordinary shares in the Company representing approximately 0.69 per cent. of the Company's total voting rights following the conversion.
Total Voting Rights
Following the issue of the 25,641 new Ordinary Shares on 13 October 2015, the Company will have a total of 22,468,340 Ordinary Shares in issue and one voting right per Ordinary Share.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.
The above information is provided by the Company in accordance with its obligations under the FSA's Disclosure and Transparency Rules.
For further information:
Cyprotex PLC | Tel: +44 (0) 1625 505 100 |
Dr Anthony Baxter, Chief Executive Officer John Dootson, Chief Financial Officer Mark Warburton, Chief Operating Officer and Legal Counsel | ir@cyprotex.com www.cyprotex.com |
N+1 Singer (Nomad and broker to Cyprotex) | Tel: +44 (0)20 7496 3000 |
Shaun Dobson Jen Boorer
| shaun.dobson@n1singer.com jennifer.boorer@n1singer.com www.n1singer.com |
About Cyprotex PLC
Cyprotex is listed on the AIM market of the London Stock Exchange (CRX). It has sites in Macclesfield and Alderley Park, near Manchester in the UK, Watertown, MA and Kalamazoo, MI in the US. The Company was established in 1999 and works with more than 1100 partners within the pharmaceutical and biotech industry, cosmetics and personal care industry and the chemical industry. Cyprotex acquired Apredica and the assets of Cellumen Inc. in August 2010 and the combined business provides support for a wide range of experimental and computational ADME-Tox and PK services, extending from early drug discovery through to IND submission. The acquisition of the assets and business of CeeTox in January 2014 has enabled Cyprotex to expand its range of services to target the personal care, cosmetics and chemical industries. The Company's core capabilities include high quality in vitro ADME screening services, mechanistic toxicology and high content toxicology screening services, including our proprietary CellCiphr® toxicity prediction technology, predictive modelling using PBPK and QSAR techniques, including Cloe® PK for in vivo PK prediction, and a range of skin, ocular and endocrine disruption services. For more information, see www.cyprotex.com