Skinbiotherap. Regulatory News (SBTX)

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17 November 2023

SkinBioTherapeutics plc

("SkinBioTherapeutics" or the "Company")

Result of Placing

SkinBioTherapeutics plc (AIM: SBTX or the "Company") a life sciences company focused on skin health, is pleased to announce that, further to the announcement made on 16 November 2023 regarding the Placing (the "Launch Announcement"), it has raised £3.0 million (before expenses) via the placing of 15,908,298 Placing Shares at the Issue Price of 19 pence per share. The Placing was undertaken through an accelerated bookbuild and was materially oversubscribed.

The Placing Shares will, when issued, represent, in aggregate, circa 9.2 per cent. of the Company's issued ordinary share capital immediately prior to the Placing.

The Placing Price of 19 pence per Placing Share represents a 9.5 per cent. discount to the closing middle market price of 21 pence per Ordinary Share on 15 November 2023, being the last practicable dealing date prior to the publication of the Launch Announcement.

A further announcement will be made on 21 November 2023 announcing the result of the Retail Offer.

Application for Admission to Trading

The Placing Shares, when issued, will be fully paid and will rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will take place on or before 8.00 a.m. on 22 November 2023 and that dealings in the Placing Shares on AIM will commence at the same time.

The Placing is conditional upon, among other things, the Placing Agreement not being terminated in accordance with its terms and Admission becoming effective.

Capitalised terms used in this announcement (this "Announcement") have the meanings given to them in the Launch Announcement, unless the context provides otherwise.

For further information