DJ Rutherford Health PLC Issue of Equity
RNS Number : 9707L
Rutherford Health PLC
11 September 2019
11 September 2019
RUTHERFORD HEALTH PLC
ISSUE OF EQUITY
Rutherford Health plc (the "Company" or "Rutherford") has issued a notice under the Woodford Commitment, referred to in the Company's NEX Exchange Growth Market ("NEX") admission document, under which it has subscribed for 7,102,273 Rutherford ordinary shares of GBP0.001 each ("Ordinary Shares") at the maximum possible price under that agreement of GBP1.76 per Ordinary Share, in order to raise GBP12.5 million. The funds will be to provide additional working capital for the Group.
The allocation and resultant additional voting rights held by each of LF Woodford Equity Income Fund and Woodford Patient Capital Trust plc under the terms of the Woodford Commitment, will be notified in due course.
Settlement and Dealings
Application has been made for the admission to trading on NEX of the 7,102,273 Ordinary Shares on 16 September 2019 ("Admission").
Following Admission, the Company will have 179,700,533 Ordinary Shares in issue.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
The directors of Rutherford Health plc accept responsibility for this announcement.
Rutherford Health plc Michael Moran, Chief Executive Officer Tel: +44 (0) 16 3381 0661 Grant Thornton (Corporate Adviser) Tel: +44 (0) 20 7383 5100 Colin Aaronson/ Jamie Barklem/ Niall McDonald
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(END) Dow Jones Newswires
September 11, 2019 05:24 ET (09:24 GMT)