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
8th Oct 20207:00 amRNSUS Patent Allowance: SDC-1802 TYK2/JAK1 Inhibitor
12th Aug 20207:00 amRNSDetails of Investor Presentation
11th Aug 20207:00 amRNSTrading Statement
29th Jul 20202:05 pmRNSSecond Price Monitoring Extn
29th Jul 20202:00 pmRNSPrice Monitoring Extension
24th Jul 20207:00 amRNSResearch Update
1st Jul 20207:00 amRNSUpdate on Deferred Salaries and Issue of Equity
3rd Jun 202011:06 amRNSSecond Price Monitoring Extn
3rd Jun 202011:00 amRNSPrice Monitoring Extension
3rd Jun 20207:00 amRNSSuccessful Fundraising
2nd Jun 20204:31 pmRNSPrimaryBid.com Offer
2nd Jun 20204:30 pmRNSPlacing to raise £718,500
27th May 20207:00 amRNSSareum to Present at BIO Digital 2020
1st May 20207:00 amRNSBioTrinity Presentation Available Online
28th Apr 20207:00 amRNSCompany Presentation at BioTrinity
20th Apr 202011:00 amRNSPrice Monitoring Extension
17th Apr 202011:05 amRNSSecond Price Monitoring Extn
17th Apr 202011:00 amRNSPrice Monitoring Extension
14th Apr 202011:06 amRNSSecond Price Monitoring Extn
14th Apr 202011:01 amRNSPrice Monitoring Extension
26th Mar 20207:00 amRNSHalf-year Report
26th Mar 20207:00 amRNSGlobal Licensing of FL3+Aurora Programme
12th Mar 20207:00 amRNSPublication: new SRA737 combinations in cancer
17th Dec 20191:36 pmRNSResult of AGM
17th Dec 20197:00 amRNSAGM Statement
20th Nov 20197:00 amRNSNotice of AGM
5th Nov 201910:56 amRNSSareum notes Sierra Oncology Q3 2019 results
30th Oct 20197:00 amRNSResearch Update - SDC-1802 anti-cancer poster
17th Oct 20197:00 amRNSResearch Update - AACR-NCI-EORTC abstract
15th Oct 20197:00 amRNSFinal Results
7th Oct 20197:00 amRNSNotice of Full Year Results
27th Sep 20197:00 amRNSResearch Update - TYK2/JAK1 cancer programme
27th Aug 20197:00 amRNSTrading Statement
16th Aug 20197:00 amRNSChange of Adviser
8th Aug 20192:17 pmRNSSareum notes Sierra Q2 results
29th Jul 20194:29 pmRNSAdditional disclosure concerning Michael Owen
28th Jun 20197:00 amRNSAdditional Funds Raised
27th Jun 20191:50 pmRNSSierra seeks strategic options for SRA737
26th Jun 20197:00 amRNSSuccessful Fundraising
25th Jun 20194:31 pmRNSPrimaryBid.com Offer
25th Jun 20194:30 pmRNSPlacing to progress TYK2/JAK1 programmes
13th Jun 20197:00 amRNSPortfolio Update
3rd Jun 20194:00 pmRNSKey takeaways from SRA737 webcast at ASCO
3rd Jun 201911:05 amRNSSecond Price Monitoring Extn
3rd Jun 201911:00 amRNSPrice Monitoring Extension
3rd Jun 20197:00 amRNSPositive SRA737 data presented at ASCO
16th May 20197:00 amRNSASCO abstracts for SRA737 published
8th May 201912:41 pmRNSSareum notes Sierra Oncology Q1 2019 Results
30th Apr 20197:00 amRNSSareum to Present at BioTrinity 2019 in London
23rd Apr 20197:00 amRNSSRA737 Phase I/IIa data to be presented at ASCO

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.