SAR.L

Sareum Holdings Plc
Sareum Holdings PLC - Exercise of Warrants
7th May 2024, 13:10
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 4684N
Sareum Holdings PLC
07 May 2024
 

Sareum Holdings plc

("Sareum" or the "Company")

 

Exercise of Warrants

 

Cambridge, UK, 7 May 2024 - Sareum Holdings plc (AIM: SAR), a clinical-stage biotechnology company developing next-generation kinase inhibitors for autoimmune disease and cancer, announces that it has received an exercise of warrants notice from RiverFort Global Opportunities PCC Ltd ("RiverFort") to subscribe for a total of 1,106,986 new ordinary shares in the capital of the Company (the "New Ordinary Shares") at a price of 10 pence per New Ordinary Share for a total consideration to the Company of £110,698.60.

 

As announced on 3 August 2023, the warrants were issued in connection with the Equity Prepayment Facility (the "RiverFort Facility") provided by RiverFort to the Company. Following this exercise of warrants, RiverFort hold zero warrants over shares in the Company.

 

As noted in Sareum's announcement of 23 April 2024, the Company has settled the full outstanding balance of, and does not intend to make any further withdrawals pursuant to, the RiverFort Facility.

 

Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission of the 1,106,986 New Ordinary Shares to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. (London time) on or around Monday 13 May 2024. The New Ordinary Shares will rank pari passu with the existing ordinary shares.

Immediately following Admission, the total number of ordinary shares in issue will be 107,945,783 and the total number of voting rights will therefore be 107,945,783, and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

For Further Information:

 

Sareum Holdings plc

Tim Mitchell, CEO            

 

01223 497700

ir@sareum.co.uk

Strand Hanson Limited (Nominated Adviser)

James Dance / James Bellman

 

020 7409 3494

Peel Hunt LLP (Joint Corporate Broker)

020 7418 8900

James Steel / Patrick Birkholm

 


Hybridan LLP (Joint Corporate Broker)

Claire Noyce

 

020 3764 2341

ICR Consilium (Financial PR)

Jessica Hodgson / Davide Salvi / Kumail Waljee

0203 709 5700

 

 

About Sareum

 

Sareum Holdings (AIM:SAR) is a clinical-stage biotechnology company developing next generation kinase inhibitors for autoimmune disease and cancer.

 

The Company is focused on developing next generation small molecules which modify the activity of the JAK kinase family and have best-in-class potential. Its lead candidate, SDC-1801, simultaneously inhibits TYK2 and JAK1. SDC-1801 is a potential treatment for a range of autoimmune diseases and has entered Phase 1a/b clinical development with an initial focus on psoriasis.

 

Sareum is also developing SDC-1802, a TYK2/JAK1 inhibitor with a potential application for cancer immunotherapy.

 

Sareum Holdings plc is based in Cambridge, UK, and is listed on the AIM market of the London Stock Exchange, trading under the ticker SAR. For further information, please visit the Company's website at www.sareum.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEEADSXEEPLEFA]]>
TwitterFacebookLinkedIn