News
Company ImmuPharma PLC
TIDM IMM
Headline Directors' Dealing
Released 16:17 13-Aug-07
Number 0086C
FOR IMMEDIATE RELEASE
London, 13 August 2007
Directors’ Dealing
ImmuPharma plc (LSE:IMM), ("ImmuPharma" or the "Company"), received notification of a private placement of existing shares to institutions and private investors, including Quest Management, Morley, Odey Asset Management, Cheviot and Celeste. The shares were placed to satisfy demand and increase liquidity, from the holdings of two of the founding Directors.
The placement was handled by Cornhill Asset Management Limited. The directors also each granted Cornhill Asset Management Limited an option to purchase up to 200,000 additional shares at £1.00 [per share].
The Directors’ interests are as follows
| Shares Placed |
Price per share |
Subsequent beneficial holding |
Subsequent percent interest |
||
| Richard Warr(1) | 1,638,500 | £0.70 | 12,778,968 | 17.6% | |
| Dimitri Dimitriou(2) | 1,638,500 | £0.70 | 12,778,969 | 17.6% |
(1) Ordinary shares of £0.10 held by Louvre Trustees where the Warr
family has a beneficial interest.
(2) Ordinary shares of £0.10 held by Hawthorn Invest Ltd where the
Dimitriou family has a beneficial interest.
The Company also announces, that the name of the
Company’s nominated adviser and broker has changed to Landsbanki
Securities (UK) Limited, which follows a name change from Teather &
Greenwood Limited to Landsbanki Securities UK Limited on 9 August 2007.
For further information please contact:
ImmuPharma PLC
Richard Warr, Chairman
+44 20 7152 4080
Dimitri Dimitriou, Chief Executive Officer
+44 20 7152 4080
Buchanan Communications + 44 20 7466 5000
Lisa Baderoon
Rebecca Skye-Dietrich
Landsbanki Securities (UK) Limited +44 20 7426 7710
Thilo Hoffmann
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