N4 Pharma Raises Further GBP33,500 After Warrant Exercise (ALLISS)

LONDON (Alliance News) - N4 Pharma PLC said Wednesday it issued 394,328 shares after warrants ...

Alliance News 14 February, 2018 | 6:06PM
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LONDON (Alliance News) - N4 Pharma PLC said Wednesday it issued 394,328 shares after warrants were exercised raising GBP33,518 for the pharmaceutical company.

The warrants were exercised at a price of 8.5 pence each after it received notice for their conversion.

Shares in N4 closed 0.5% lower at 29.85 pence on Wednesday.

Admission of the new shares to trading on AIM is expected to take place on Friday. After admission, N4 will have 87.7 million shares outstanding.

On Tuesday, N4 raised GBP4,250 after 50,000 warrants were exercised at the same price. This followed a series of other warrant exercises in recent months.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
N4 Pharma PLC 5.15 GBX 6.19 -
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