Information  X 
Enter a valid email address

Lifeline Scientific (LSI)

  Print      Mail a friend

Monday 25 October, 2010

Lifeline Scientific

Issue of Equity

RNS Number : 9665U
Lifeline Scientific, Inc
25 October 2010

25 October 2010



Lifeline Scientific, Inc.

("Lifeline" or "the Company")


Exercise of warrants and TVR



Lifeline Scientific, the medical technology company focused on the worldwide commercialisation of its LifePort® Kidney Transporter, a product designed to address the global challenge of human donor organ shortages, announces that on the 25 October 2010 Entrepreneur's Fund LP exercised warrants resulting in the allotment of 524,008 common shares (which remain subject to Regulation S) to Entrepreneur's Fund LP.  Entrepreneur's Fund LP now holds 3,041,885 common shares representing 16.8 per cent. of the current issued share capital in Lifeline. 


In addition a shareholder exercised warrants on a cashless basis, resulting in the allotment of 505 unrestricted common shares.


Application has been made for the admission of the common shares to trading on the AIM market.  Admission is expected to occur on 29 October 2010.


Following today's application, Lifeline has 18,128,652 common shares in issue and each share has the right to one vote.  Therefore for the purposes of the FSA Disclosure and Transparency Rules the total number of voting rights in the Company is 18,128,652. 


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 the Company of their interests in, or change to their interests in, Lifeline Scientific, Inc. under the FSA's Disclosure and Transparency Rules.


Following today's application, 7,432,165 common shares remain subject to Regulation S restrictions and are held in certificated form only.  These common shares subject to Regulation S restrictions are traded under ISIN number USU529641008. 


The remaining 10,696,487 common shares have had the Regulation S restrictions lifted and are held in uncertificated form trading under ISIN number US53223V1017.





Lifeline Scientific, Inc.

+ 1 847 294 0300

David Kravitz, CEO

Seymour Pierce

(Nominated Adviser and Broker)

+44 (0)20 7107 8000

Sarah Jacobs (Corporate Finance)

David Banks (Corporate Broking)

Financial Dynamics

+44 (0)20 7831 3113

Ben Brewerton / John Dineen


About the LifePort Kidney Transporter

Created with the challenges of organ recovery and transport in mind, LifePort Kidney Transporter is designed to provide improved kidney preservation, evaluation and transport prior to transplantation.  LifePort provides a sealed, sterile, protected environment where a solution is gently pumped through the kidney at cold temperatures to minimize damage while the organ is outside the body.  LifePort is lightweight and portable, allowing organs to be perfused from the time of recovery until transplant.  It is designed to travel unaccompanied by land or air, safely transporting the kidneys across town or between countries.  While the kidney is being perfused, the LifePort records data on temperature, flow rate vascular resistance and pressure every 10 seconds providing surgeons with additional data prior to transplant.    


About Lifeline Scientific Inc.

Lifeline Scientific, Inc. is a Chicago-based global medical technology company with European headquarters located in Brussels.  Its primary focus is to commercialise its FDA approved, CE marked, clinically validated and revenue generating LifePort Kidney Transporter. Devices for preservation of the heart, lung pancreas and liver are in late stage pre-clinical development.


For further information please see

This information is provided by RNS
The company news service from the London Stock Exchange