GWP.L Regulatory News (GWP)

4 Jan 2006 12:39

GW Pharmaceuticals PLC04 January 2006 GW Pharmaceuticals plc ("the Company") Issue of equity and application to AIM GW Pharmaceuticals plc (AiM:GWP) today announced that it has signed an agreementwith a United States-based institutional investor to raise $15 million (GBP8.6 million) before expenses through a placing for cash of 6,165,978 new GW ordinary shares at 139.61 pence per share. The Company has today issuedand allotted the New Ordinary Shares and applied for them to be admitted to theAlternative Investment Market of the London Stock Exchange. Such admission is expected to become effective on 10th January 2006. 4th January 2006 This information is provided by RNS The company news service from the London Stock Exchange