Issue of Equity

RNS Number : 0762Y

Circassia Pharmaceuticals Plc

03 May 2019

 

Circassia Pharmaceuticals plc

Issue of Equity

Oxford, UK - 3 May 2019 - Circassia Pharmaceuticals plc ("Circassia" or the "Company") (LSE: CIR), a specialty pharmaceutical company focused on respiratory disease, today announces that it has issued and allotted 177,405 new ordinary shares of 0.08p pence each in the Company ("Ordinary Shares") at the volume weighted average closing price of the Company's Ordinary Shares for the past five trading days in lieu of advisory services to the Company.

Application has been made for the new Ordinary Shares to be admitted to trading, which is expected to be on or around 9 May 2019. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following this issue of Ordinary Shares, the Company's issued share capital will comprise of 375,048,054 Ordinary Shares (including the 177,405 new Ordinary Shares). The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the Company under the AIM Rules.

Contacts

Circassia

Steve Harris, Chief Executive Officer                                                                       Tel: [phone]

Julien Cotta, Chief Financial Officer

Rob Budge, Corporate Communications

Peel Hunt (Nominated Adviser and Joint Broker)

James Steel / Dr Christopher Golden                                                                      Tel: [phone]

Numis Securities (Joint Broker)

James Black / Freddie Barnfield                                                                             Tel: [phone]

FTI Consulting

Simon Conway / Ciara Martin                                                                                 Tel: [phone]

About Circassia

Circassia is a world-class specialty pharmaceutical business focused on respiratory disease. The Company sells its novel, market-leading NIOX® asthma management products directly to specialists in the United States, United Kingdom, China and Germany, and in a wide range of other countries through its network of partners. In the United States, Circassia has a commercial collaboration with AstraZeneca in which it has the commercial rights to chronic obstructive pulmonary disease (COPD) treatments Tudorza® and Duaklir®. Circassia also has the US and Chinese commercial rights to the late-stage ventilator-compatible nitric oxide product AirNOvent. For more information please visit www.circassia.com.

Forward-looking statements

This press release contains certain projections and other forward-looking statements with respect to the financial condition, results of operations, businesses and prospects of Circassia. The use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target" or "believe" and similar expressions (or the negatives thereof) are generally intended to identify forward-looking statements. These statements are based on current expectations and involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. Any of the assumptions underlying these forward-looking statements could prove inaccurate or incorrect and therefore any results contemplated in the forward-looking statements may not actually be achieved. Nothing contained in this press release should be construed as a profit forecast or profit estimate. Investors or other recipients are cautioned not to place undue reliance on any forward-looking statements contained herein. Circassia undertakes no obligation to update or revise (publicly or otherwise) any forward-looking statement, whether as a result of new information, future events or other circumstances.

 

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