Hemogenyx Pharmaceuticals PLC Conversion of Convertible Loan Notes (7458V)
April 16 2021 - 5:52AM
UK Regulatory
TIDMHEMO
RNS Number : 7458V
Hemogenyx Pharmaceuticals PLC
16 April 2021
16 April 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU AS IT FORMS PART OF LAW IN
THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Hemogenyx Pharmaceuticals plc
("Hemogenyx Pharmaceuticals" or the "Company")
Conversion of Convertible Loan Notes
Hemogenyx Pharmaceuticals plc (LSE: HEMO) announces that it has
received a conversion notice from Mint Capital Advisors Ltd in
respect of GBP950,000 in principal amount of the Convertible Loan
Notes issued by the Company on 3 February 2021.
Pursuant to the conversion, the Company will issue, in
aggregate, 24,547,803 new ordinary shares of GBP0.01 each in the
capital of the Company (the "New Ordinary Shares") at a conversion
price of GBP0.0387 per Ordinary Share.
Application will be made to the Financial Conduct Authority and
to the London Stock Exchange for the admission of the New Ordinary
Shares to the standard segment of the Official List and to trading
on the London Stock Exchange's main market for listed securities,
respectively ("Admission"). It is expected that Admission will
occur at 8.00 a.m. on or around 22 April 2021. The New Ordinary
Shares will rank pari passu with the existing issued Ordinary
Shares in the Company.
The Company does not have any immediate plans for further
drawdowns from the Convertible Notes Facility.
Total Voting Rights
Following Admission of the New Ordinary Shares, the Company will
have 494,343,020 Ordinary Shares of GBP0.01 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.
Unless defined herein, or the context requires otherwise,
capitalised terms used in this announcement carry the same meaning
as those ascribed to them in the Company's announcement of 18
November 2020.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Dr Vladislav Sandler,
Chief Executive Officer & Co-Founder.
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
Tel: +44 (0)20 3470
SP Angel Corporate Finance LLP 0470
Matthew Johnson, Vadim Alexandre,
Adam Cowl
Tel: +44 (0)20 7469
Peterhouse Capital Limited 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 platform technologies that it uses
as engines 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.
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END
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