News
Company ImmuPharma PLC
TIDM IMM
Headline Directors' Dealings
Released 16:17 23-Jul-2009
Number 2020W16
FOR IMMEDIATE RELEASE
London, 23 July2009
Directors' Dealings Institutions increase stake
ImmuPharma PLC ('ImmuPharma' or the 'Company') (LSE:IMM) announces that a number of existing and new blue-chip institutional investors have purchased shares from Richard Warr and the Trusts of Richard Warr and Dimitri Dimitriou, who are two of ImmuPharma's founders and Directors. A total of 12.5 million ordinary shares (16.1% of the issued share capital) of 10 pence each in the Company, were placed by Noble & Company Limited at a price of 86 pence per share to institutional investors on 23 July 2009. Panmure Gordon is the NOMAD and Corporate Broker to the Company.
Following the disposal, the current holdings directly or through Trust are:
Ordinary
Ordinary Percentage
Shares
Shares
of shares
Sold
Retained in issue
Richard Warr (1)
6,250,000
3,528,968
4.6%
Dimitri Dimitriou (2)
6,250,000
3,528,969
4.6%
Dr Zimmer & Family
0
23,056,602
29.8%
(1) Ordinary shares of £0.10 held by Louvre
Trustees Limited where the Warr family has a beneficial interest and
shares held directly by Richard Warr.
(2) Ordinary shares of £0.10 held by Louvre Trustees Limited where
the Dimitriou family has a beneficial interest.
Richard Warr, ImmuPharma's Chairman said: "We are delighted with the support received from our existing investors and the demand from new investors including M&G Investments. The allocation of these shares further increases ImmuPharma's free float with the aim of improving overall liquidity."
For further information please contact:
ImmuPharma PLC +44 20 7152 4080
Dimitri Dimitriou, Chief Executive Officer
Richard Warr, Chairman
Panmure Gordon & Co +44 151 243 0963
Andrew Burnett / Rakesh Sharma
Noble & Company Limited +44 20 7763 2335
John Millar
Buchanan Communications +44 20 7466 5000
Lisa Baderoon
Rebecca Skye Dietrich
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