Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSareum Regulatory News (SAR)

Share Price Information for Sareum (SAR)

Share Price is delayed by 15 minutes
Get Live Data
23.50    1.00 (4.44%)
Bid:
23.00
Ask:
24.00
Spread: 1.00 (4.348%)
Market Cap: £32.56m
SAR Live PriceLast checked at - London Stock Exchange

Intraday Sareum Share Chart

Placing

28 May 2015 07:00

RNS Number : 4264O
Sareum Holdings PLC
28 May 2015
 

Sareum Holdings plc

("Sareum" or "the Company")

 

Placing

 

The Company announces that it has raised £1,443,500, before expenses, by way of a placing by Hybridan LLP and WH Ireland Limited of 577,400,000 new ordinary shares of 0.025p each in the capital of the Company (the "Placing Shares") at 0.25p per share.

 

The net proceeds of the placing will be used to progress the Company's drug development programmes as well as for working capital purposes. This includes the anticipation of a payment of £797,500 to co-fund the Chk1 Programme Phase I clinical trials. This payment will be triggered by the decision to file for clinical trials approval, which is expected in Q4 2015.

 

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that admission will become effective and trading will commence on 11 June 2015. The Placing Shares will rank pari passu with the existing ordinary shares of the Company.

 

Following the admission of the Placing Shares to trading on AIM, the Company will have a total of 2,487,438,273 shares in issue. 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 Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Sareum Holdings PLC Tim Mitchell Tel: 01223 497 700

WH Ireland Limited (Nominated Adviser and Co-Broker) Chris Fielding / Nick Prowting Tel: 020 7220 1666

Hybridan LLP (Co-Broker) Claire Noyce / William Lynne Tel: 020 3713 4580 

The Communications Portfolio (Public Relations) Ariane Comstive Tel: 07785 922 354email: Ariane.comstive@communications-portfolio.co.uk

Notes for editors:

About Sareum Holdings plc

Sareum is a drug discovery and development company delivering targeted small molecule therapeutics, focusing on cancer and autoimmune disease, for licensing to pharmaceutical and biotechnology companies at the preclinical or early clinical trials stage.

Sareum operates an outsourced research model, working with collaborators (SRI International, the CRT Pioneer Fund and Hebei Medical University Biomedical Engineering Center) and a world-wide network of research providers. Its research pipeline includes two programmes undergoing pre-clinical IND-enabling studies: CHK1 kinase and Aurora+FLT3 kinase.

SKIL® (Sareum Kinase Inhibitor Library) is Sareum's drug discovery technology platform that has so far produced the Company's Aurora+FLT3, Aurora+ALK, VEGFR-3, FLT3 & TYK2 kinase cancer and auto-immune disease research programmes. SKIL® can also generate drug research programmes against other kinase targets.

Sareum Holdings plc is listed on the AIM market of the London Stock Exchange, trading under the symbol SAR. For further information, please visit www.sareum.co.uk

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCBLGDUISDBGUR
Date   Source Headline
28th Mar 20065:38 pmRNSHolding(s) in Company
8th Mar 20061:08 pmRNSHolding(s) in Company
23rd Feb 20067:01 amRNSInterim Results
16th Feb 200612:30 pmRNSExercise of option
16th Feb 200610:51 amRNSNotice of Results
13th Feb 20064:26 pmRNSExercise of option
9th Feb 20067:01 amRNSUSD5m Idenix Collaboration
26th Jan 20067:01 amRNSCollaboration with UCB
19th Jan 20067:00 amRNSH.Lundbeck A/S Collaboration
17th Jan 20067:00 amRNSCollaboration with Organon
12th Jan 20067:02 amRNSBcl-2 added to Crystal Bank
10th Jan 20067:00 amRNSCollaborative Agreement
13th Dec 20057:02 amRNSCollaborative Agreement
24th Nov 20057:01 amRNSCrystal Bank Developments
9th Nov 20058:48 amRNSHolding(s) in Company
7th Nov 200511:02 amRNSResult of AGM
27th Oct 20057:00 amRNSCollaboration with Schering
10th Oct 200512:59 pmRNSAnnual Report and Accounts
22nd Sep 20057:00 amRNSCancer Therapy Deal
19th Sep 20057:00 amRNSPreliminary Results
1st Sep 20057:02 amRNSLaunch of Crystal Bank
10th Aug 20057:00 amRNSDeal with Spanish Pharma
1st Aug 20059:30 amRNSHolding(s) in Company
29th Jul 20053:32 pmRNSHolding(s) in Company
25th Jul 20057:00 amRNSMajor Drug Collaboration
30th Jun 20057:00 amRNSSuccess Milestone
13th May 20057:01 amRNSFirst UK Installation
25th Apr 200512:59 pmRNSOffer discussions terminated
11th Apr 20057:00 amRNSContract Extension
29th Mar 20057:00 amRNSInterim Results
7th Mar 200512:01 pmRNSRule 8 - Sareum Holdings plc
7th Mar 20057:01 amRNSRule 2.10 Announcement
4th Mar 20057:00 amRNSStatement re speculation

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.