2 Mar 2011 12:00
2 March 2011
Phorm, Inc. ("Phorm" or the "Company")
Transfer of Shares
Phorm, Inc., (AIM: PHRX and PHRM), today announces that the Company has applied to AIM for the following shares to be transferred from the unrestricted line, trading under PHRX, to the restricted line, trading under PHRM, and from the restricted line, trading under PHRM to the unrestricted line, trading under PHRX.
The transfers are expected to take effect from 7 March 2011.
Description of Security | Old Ticker Symbol | New Ticker Symbol | No. of Shares |
------------------------------ | ------------------------- | -------------------------- | ---------------------- |
Common Shares of $0.001 each | PHRM | PHRX | 54,200 |
Common Shares of $0.001 each | PHRX | PHRM | 164,725 |
Following the transfer of these shares the Company still has a total of 18,479,907 issued and outstanding Common Shares trading on AIM, of which 17,582,569 will be in the restricted line, trading under PHRM, and 897,338 in the unrestricted line, trading under PHRX. 45,000 of the aforementioned PHRM Common Shares are held in treasury.
No new shares have been issued and dealings in the shares under the new ticker symbols are expected to commence on 7 March 2011.
For Enquiries
Phorm, Inc.Andy Croxson (analysts & investors) +44 20 7297 2326Alex Laity (media) +44 20 7297 2710
Canaccord Genuity Limited +44 20 7050 6500(Nominated Advisor)Mark WilliamsAndrew Chubb
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