TIDMAREC

RNS Number : 2947C

Arecor Therapeutics PLC

09 June 2023

Arecor Therapeutics plc

("Arecor", the "Company" or the "Group")

Exercise of rollover options and Total Voting Rights

Cambridge, UK, 9 June 2023: Arecor Therapeutics plc (AIM: AREC), the biopharmaceutical company advancing today's therapies to enable healthier lives, announces that it has issued and allotted 7,471 new Ordinary Shares of 1 pence each in the share capital of the Company following an exercise of options on 8 June 2023 at an exercise price of 1 pence per Ordinary Share. The options exercised were part of the rollover of share options previously granted under the Arecor Limited EMI Share Option Plan 2018 ("Option Rollover"). Details of the Option Rollover are set out in the Company's Admission Document.

Admission

Following the above transactions, application has been made for the 7,471 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on, or around, 14 June 2023. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 30,625,654. Accordingly, the figure of 30,625,654 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

-ENDS-

For more information, please contact:

 
 Arecor Therapeutics plc                  www.arecor.com 
 Dr Sarah Howell, Chief Executive         Tel: +44 (0) 1223 426060 
  Officer                                  Email: info@arecor.com 
 
 Susan Lowther, Chief Financial Officer   Tel: +44 (0) 1223 426060 
                                           Email: info@arecor.com 
 
 Mo Noonan, Communications                Tel: +44 (0) 7876 444977 
                                           Email: mo.noonan@arecor.com 
 
 Panmure Gordon (UK) Limited (NOMAD       Tel: +44 (0) 20 7886 2500 
  and Broker) 
  Freddy Crossley, Emma Earl (Corporate 
  Finance) 
  Rupert Dearden (Corporate Broking) 
 
 Consilium Strategic Communications       Tel: +44 (0) 20 3709 5700 
  Chris Gardner, David Daley, Lindsey      Email: arecor@consilium-comms.com 
  Neville

Notes to Editors

About Arecor

Arecor Therapeutics plc is a globally focused biopharmaceutical company transforming patient care by bringing innovative medicines to market through the enhancement of existing therapeutic products. By applying our innovative proprietary technology platform, Arestat(TM), we are developing an internal portfolio of proprietary products in diabetes and other indications, as well as working with leading pharmaceutical and biotechnology companies to deliver therapeutic products. The Arestat(TM) platform is supported by an extensive patent portfolio.

For further details please see our website, www.arecor.com

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END

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(END) Dow Jones Newswires

June 09, 2023 10:35 ET (14:35 GMT)

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