IDP Innovaderma Plc

TIDMIDP

RNS Number : 4304Z

InnovaDerma PLC

15 December 2017

LEI Code: 213 800 WRAP 6W8 VDL 6B38

InnovaDerma PLC

("InnovaDerma" or the "Company")

Issue of Warrants and Issue of Equity

InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, announces that it has today issued Warrants (the "Warrants") to subscribe for up to 120,000 ordinary shares of EUR0.10 each in the capital of the Company ("Ordinary Shares"). The Warrants have been issued to settle previous contractual commitments.

The Warrants are exercisable in the period from 14 December 2017 to 14 December 2018 date, at an exercise price of GBP1.10 per Ordinary Share.

The Company has today issued 20,000 Ordinary Shares in respect of advisory services provided to the Company by IPO Capital plc.

The Ordinary Shares will be admitted to CREST and application will be made for the admission of the Ordinary Shares to trading on the Main Market of the London Stock Exchange and it is expected that dealings in the Ordinary Shares will commence on or around 21 December 2017. The Ordinary Shares will rank equally in all respects with the Company's existing ordinary shares.

Following the issue of the Ordinary Shares, the total number of ordinary shares in issue is 14,376,633. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

Further Enquiries

 
 Innovaderma                                  +61 (0)3 9111 
  Haris Chaudhry/Joe Bayer                             0071 
 finnCap Ltd                                +44 (0) 20 7220 
  Geoff Nash/Giles Rolls/Kate Bannatyne                0500 
  Tim Redfern/Alice Lane - Corporate        www.finncap.com 
  Broking 
 Cardew Group 
  Shan Shan Willenbrock 
  David Roach                               + 44 (0)20 7930 
  Joe McGregor                                         0777 
 

About InnovaDerma

InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma has presence in Europe, US, Australasia, Asia and Africa.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 15, 2017 02:00 ET (07:00 GMT)

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