Last checked at 21 Jan 2016 07:00
Eden Research plc
("Eden" or "Company")
Exercise of options
Eden Research plc (AIM: EDEN), the AIM-listed company that provides breakthrough natural microencapsulation technologies to the global agrochemicals, animal health and consumer products industries, announces that it has made an application to the London Stock Exchange for the admission to trading on AIM of 530,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") to satisfy the exercise of options over Ordinary Shares. The new Ordinary Shares are expected to be admitted to trading on AIM on 26 January 2016.
Following the allotment of the new Ordinary Shares, the Company's total issued and voting share capital comprises 159,288,265 Ordinary Shares. This figure may be used by shareholders 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, securities of the Company.
Enquiries:
Eden Research plc | www.edenresearch.com |
Sean Smith, Chief Executive Officer | Tel: 01285 359 555 |
Alex Abrey, Chief Financial Officer |
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Shore Capital Stephane Auton / Patrick Castle |
Tel: 020 7408 4090 |
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Walbrook PR Ltd | Tel: 020 7933 8780 or eden@walbrookpr.com |
Lianne Cawthorne | Mob: 07584 391 303 |
Notes:
Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.
Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.
Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.
With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.
The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.
Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.
For more information about Eden, please visit www.edenresearch.com