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Alliance Pharma PLC  -  APH   

CULS Conversion

Released 07:00 12-Feb-2013

RNS Number : 6468X
Alliance Pharma PLC
12 February 2013
 



For immediate release

12 February 2013

 

ALLIANCE PHARMA PLC

("Alliance" or the "Company")

 

CULS Conversion and Additional Listing

 

Alliance Pharma plc (AIM: APH), the speciality pharmaceutical company, announces that it has received conversion requests in respect of £100,000 nominal value of the Company's 8% Convertible Unsecured Loan Stock.  Accordingly, the Company has allotted 476,190 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), subject to admission of the Ordinary Shares to trading on AIM.

 

Application has been made by Alliance for the 476,190 Ordinary Shares to be admitted to trading on AIM, and it is expected that these new Ordinary Shares, which will rank pari passu in all respects with the existing Ordinary Shares, will be admitted to trading on 15 February 2013.

 

Following conversion and allotment, Alliance will have 244,487,512 Ordinary Shares and £3,911,255 of 8% Convertible Unsecured Loan Stock in issue.

 

 

For further information:

 

Alliance Pharma plc

+ 44 (0) 1249 466966

John Dawson, Chief Executive


Richard Wright, Finance Director


www.alliancepharma.co.uk


Buchanan

+ 44 (0) 20 7466 5000

Mark Court / Fiona Henson / Sophie Cowles




Numis Securities Limited

+ 44 (0) 20 7260 1000

Nominated Adviser: Michael Meade / Oliver Cardigan


Corporate Broking: David Poutney


 

Notes to editors:

 

About Alliance

Alliance, founded in 1998, is an AIM listed speciality pharmaceutical company based in Chippenham, Wiltshire, UK. The Company has a strong track record of acquiring the rights to established niche products and owns or licenses the rights to more than 60 pharmaceutical products and continues to explore opportunities to expand the range.

 

 

Alliance joined the AIM market of the London Stock Exchange in December 2003 and trades under the symbol APH.


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