TIDMIMM
RNS Number : 2575P
Immupharma PLC
23 March 2009
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| For Immediate Release | 23 March 2009 |
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ImmuPharma PLC
Directors' Dealings
Institutions increase stake
ImmuPharma PLC ("ImmuPharma" or the "Company") (LSE:IMM) announces today that a
number of existing and new blue-chip institutional investors have purchased
shares from the Trusts of two of ImmuPharma's founders and Directors, Richard
Warr and Dimitri Dimitriou. The Trusts each placed 2.1 million (2.7 %) ordinary
shares of 10 pence each in the Company at a price of 82 pence per share to
institutional investors on 19 March.
Following the disposal, the current holdings are:
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| Richard Warr (1) | 9,778,968 ordinary shares | (12.6 %) |
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| | | |
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| Dimitri Dimitriou (2) | 9,778,969 ordinary shares | (12.6 %) |
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(1) Ordinary shares of GBP0.10 held by Louvre Trustees Limited where the Warr
family has a beneficial interest.
(2) Ordinary shares of GBP0.10 held by Louvre Trustees Limited where the
Dimitriou family has a beneficial interest.
Richard Warr, ImmuPharma's Chairman said:
"We are delighted with the demand from new investors, including several
blue-chip funds such as Gartmore, Smith & Williamson, Aviva and Rathbones. The
allocation of these shares increases ImmuPharma's free float with the aim of
improving overall liquidity."
For further information please contact:
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| ImmuPharma PLC: | +44 20 7152 4080 |
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| Dimitri Dimitriou, Chief Executive Officer | |
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| Richard Warr, Chairman | |
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| | |
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| Panmure Gordon | +44 151 243 0963 |
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| Andrew Burnett/ Rakesh Sharma (Corporate Finance) | |
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| Ashton Clanfield (Corporate Broking) | |
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| | |
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| Buchanan Communications: | +44 20 7466 5000 |
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| Lisa Baderoon | |
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| Rebecca Skye Dietrich | |
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More information on the company can be found at www.immupharma.com
This information is provided by RNS
The company news service from the London Stock Exchange
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