20 Jul 2015 07:00
Motif Bio plc
("Motif" or the "Company")
Exercise of Options
Motif Bio plc (AIM: MTFB) the clinical stage biopharmaceutical company specialising in developing novel antibiotics, today announced that the Company will issued 25,147 ordinary shares of 1 penny each ("Option Shares") in settlement of options that have been exercised by a former employee. The options were exercised at prices of US $0.20877 and $0.69589 per ordinary share for total consideration of US $8,750.
Admission to trading on AIM ("Admission") of the Option Shares, which will rank pari passu with the existing Ordinary Shares, has been applied for, and it is expected that Admission will become effective and dealings in the new Ordinary Shares will commence on 23 July 2015.
Total Voting Rights
Following Admission, the total issued share capital of the Company will be 64,346,216 Ordinary Shares with one voting right each. The Company does not hold any shares in treasury.
Accordingly, the total voting rights in the Company will be 64,346,216. 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, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.
For further information please contact
Enquiries
Motif Bio plc Graham Lumsden (Chief Executive Officer) Robert Bertoldi (Chief Financial Officer) www.motifbio.com | info@motifbio.com |
Zeus Capital Limited (Nominated Advisor and Broker) | +44 (0) 207 533 7727 |
Phil Walker / John Treacy Dominic Wilson
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Northland Capital Partners Limited (Broker) | +44 (0) 20 7382 1100 |
Gerry Beaney/David Hignell John Howes/Mark Treharne (Broking)
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Plumtree Capital Limited (Financial Advisor) Stephen Austin | +44 (0) 207 183 2493 |
MC Services AG (Public Relations) Raimund Gabriel Shaun Brown
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+49 (0) 89 210 2280 +44 (0) 207 148 5998 |
Yellow Jersey PR Limited (Investor Relations) Dominic Barretto Fiona Walker
| +44 (0) 7768 537 739 |
Notes to Editors:
Motif is a clinical stage biopharmaceutical company, which specialises in developing novel antibiotics designed to be effective against serious and life-threatening infections caused by multi-drug resistant bacteria. The Company has a lead antibiotic candidate, iclaprim, in clinical development and MTF-001, a preclinical stage programme to design a best-in-class dihydrofolate reductase inhibitor (DHFRi).
Iclaprim is being developed for the treatment of the most common and serious bacterial infections such as acute bacterial skin and skin structure infections (ABSSSI) and hospital acquired bacterial pneumonia (HABP), including those caused by resistant strains such as MRSA (methicillin-resistant Staphylococcus aureus) and MDRSP (multi-drug resistant Streptococcus pneumoniae) that have become prevalent in patients in both the community and hospital settings.