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Hemogenyx Pharmaceuticals PLC Announces Allotment of Shares

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Hemogenyx Pharmaceuticals announced the allotment of 1,000,000 new ordinary shares (£0.01 each) for financial consulting services to Prosdocimi Limited. These shares will be admitted to trading on or around April 6, 2021. Following this admission, the total number of ordinary shares will be 469,795,217, which shareholders can use to assess their interest in the company's share capital under the Financial Conduct Authority's regulations.

Positive
  • Allotment of 1,000,000 shares indicates company activity and potential engagement with financial consultants.
Negative
  • Issuing new shares may dilute existing shareholders' value.

Allotment of Shares

LONDON, UK / ACCESSWIRE / March 29, 2021 / Hemogenyx Pharmaceuticals plc (LSE:HEMO) announces that it has allotted 1,000,000 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") in consideration for finance consulting services to Prosdocimi Limited.

An application has been made to the London Stock Exchange Main Market and admission of the new Ordinary Shares to trading is expected on or around 6 April 2021 ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.

Total Voting Rights

Following Admission of the new Ordinary Shares, together with the new Ordinary Shares allotted to Mint Capital announced on 26 March 2021 and that are also expected to be admitted to trading on or around 6 April 2021, the Company will have 469,795,217 Ordinary Shares of £0.01 each in issue with voting rights. The Company does not hold any shares in treasury. This figure may then be used by shareholders in the Company as the denominator for the calculation 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 Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Hemogenyx Pharmaceuticals plc

https://hemogenyx.com

Dr Vladislav Sandler, Chief Executive Officer & Co-Founder

headquarters@hemogenyx.com

Peter Redmond, Director

peter.redmond@hemogenyx.com

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3470 0470

Matthew Johnson, Vadim Alexandre, Adam Cowl

Peterhouse Capital Limited

Tel: +44 (0)20 7469 0930

Lucy Williams, Duncan Vasey, Charles Goodfellow

About Hemogenyx Pharmaceuticals plc

Hemogenyx Pharmaceuticals is a publicly traded company (LSE:HEMO) headquartered in London, with its US operating subsidiaries, Hemogenyx Pharmaceuticals LLC and Immugenyx LLC, located in New York City at its state-of-the-art research facility.

The Company is a pre-clinical stage biopharmaceutical group developing new medicines and treatments to treat blood and autoimmune disease and to bring the curative power of bone marrow transplantation to a greater number of patients suffering from otherwise incurable life-threatening diseases. Hemogenyx Pharmaceuticals is developing several distinct and complementary product candidates, as well as a platform technology that it uses as an engine for novel product development.

For more than 50 years, bone marrow transplantation has been used to save the lives of patients suffering from blood diseases. The risks of toxicity and death that are associated with bone marrow transplantation, however, have meant that the procedure is restricted to use only as a last resort. The Company's technology has the potential to enable many more patients suffering from devastating blood diseases such as leukemia and lymphoma, as well as severe autoimmune diseases such as multiple sclerosis, aplastic anemia and systemic lupus erythematosus (Lupus), to benefit from bone marrow transplantation.

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.

SOURCE: Hemogenyx Pharmaceuticals PLC



View source version on accesswire.com:
https://www.accesswire.com/637836/Hemogenyx-Pharmaceuticals-PLC-Announces-Allotment-of-Shares

FAQ

What is Hemogenyx Pharmaceuticals' recent share allotment announcement about?

Hemogenyx Pharmaceuticals announced the allotment of 1,000,000 new ordinary shares for consulting services.

When will the new shares of Hemogenyx Pharmaceuticals start trading?

The new shares are expected to start trading on or around April 6, 2021.

How many total shares will Hemogenyx Pharmaceuticals have after the new allotment?

After the new allotment, Hemogenyx will have a total of 469,795,217 ordinary shares.

Why is the share allotment significant for Hemogenyx Pharmaceuticals investors?

The share allotment is significant as it could dilute existing shareholders' value while reflecting company activity.

What is the nominal value of the new shares allotted by Hemogenyx Pharmaceuticals?

The new shares are allotted at a nominal value of £0.01 each.

HEMOGENYX PHARMACEUTICALS

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