News
Company ImmuPharma PLC
TIDM IMM
Headline Directors' Dealings
Released 12:51 18-Dec-07
Number 1788K
FOR IMMEDIATE RELEASE
London, 18 December 2007
Directors’ Dealing
Powe Capital increases stake in ImmuPharma to over 5%
ImmuPharma PLC (LSE:IMM), ("ImmuPharma" or the "Company"), announces today that Powe Capital, through its funds Modulus Europe and Tensor Europe, has increased its stake in ImmuPharma from 3.12% to 5.59% through a purchase, on 14 December 2007, of 1,800,000 existing ordinary shares of 10 pence each in the Company from the Trusts of two of ImmuPharma's founders and Directors, Richard Warr and Dimitri Dimitriou.
The subsequent interests are as follows:
| Shares Purchased |
Price per share |
Subsequent beneficial holding |
Subsequent percent interest |
||
| Modulus Europe | 1,540,000 | £0.73 | 3,808,127 | 5.23% | |
| Tensor Europe | 260,000 | £0.73 | 260,000 | 0.36% |
| Shares Placed |
Price per share |
Subsequent beneficial holding |
Subsequent percent interest |
||
| Richard Warr(1) | 900,000 | £0.73 | 11,878,968 | 16.32% | |
| Dimitri Dimitriou(2) | 900,000 | £0.73 | 11,878,969 | 16.32% |
(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 Louvre Trustees where the
Dimitriou family has a beneficial interest.
Richard Warr, ImmuPharma's Chairman said: "Powe Capital has been a longstanding supporter and shareholder of ImmuPharma. We are delighted by the confidence they have shown in the Company by increasing their stake to over 5%."
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
Panmure Gordon & Co +44 151 243 0963
Andrew Burnett
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