25 Apr 2017 07:00
25 April 2017
Port Erin Biopharma Investments Limited
("Port Erin" or "the Company")
Redemption of holding in the Magna Biopharma Income Fund
The Company announces that it will redeem for cash its entire holding of 87,125.729 units in the Magna Biopharma Income Fund ("MBIF"). Port Erin's holding in the MBIF was valued at £1,038,704 at 31 March 2017. This follows the decision by the Magna Umbrella Fund plc to close the MBIF. As a consequence, Port Erin will receive approximately £960,000 in cash which the Company intends to deploy in accordance with its stated policy to invest in the biopharma sector.
Enquiries
Port Erin Biopharma Investments Limited | Northland Capital Partners Limited | Peterhouse Capital Limited |
The Company | Nomad and Broker | Broker |
Denham Eke (+44) (0) 1624 639396 | Matthew Johnson / David Hignell (+44) (0) 203 861 6625 | Lucy Williams (+44) (0) 207 469 0936 |
Agronomics (ANIC)