Instem plc Exercise of Options, Issue of Equity and TVR (0815W)
21 April 2021 - 1:45AM
UK Regulatory
TIDMINS
RNS Number : 0815W
Instem plc
20 April 2021
Instem plc
("Instem" or the "Company")
Exercise of Options, Issue of Equity and Total Voting Rights
Instem plc (AIM: INS), a leading provider of IT solutions to the
global life sciences market, announces that, following the exercise
of share options by certain members of the senior management team,
38,667 new ordinary shares of 10p each in the Company ("Ordinary
Shares") have been issued.
Application has been made to the London Stock Exchange for the
admission of the 38,667 new Ordinary Shares to trading on AIM ("New
Ordinary Shares"). Admission is expected to take place at 8.00 a.m.
on 26 April 2021.
Total voting rights
Following the issue and allotment of the above New Ordinary
Shares, the Company's issued share capital comprises 21,780,699
Ordinary Shares. The Company does not hold any Ordinary Shares in
treasury. Therefore the total number of voting rights in the
Company is 21,780,699.
The figure of 21,780,699 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 of their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information, please contact:
Instem plc via Walbrook Financial PR
Phil Reason, CEO
Nigel Goldsmith, CFO
N+1 Singer (Nominated Adviser
& Broker) +44 (0) 20 7496 3000
Peter Steel / Alex Bond (Corporate
Finance)
Rachel Hayes (Corporate Broking)
Walbrook Financial PR +44 (0) 20 7933 8000
Nick Rome instem@walbrookpr.com
Tom Cooper
Nicholas Johnson
About Instem
Instem is a leading provider of IT solutions & services to
the life sciences market delivering compelling solutions for Study
Management and Data Collection; Regulatory Solutions for
Submissions and Compliance; and Informatics-based Insight
Generation.
Instem solutions are in use by over 600 customers worldwide,
including all the largest 25 pharmaceutical companies, enabling
clients to bring life enhancing products to market faster. Instem's
portfolio of software solutions increases client productivity by
automating study-related processes while offering the unique
ability to generate new knowledge through the extraction and
harmonisation of actionable scientific information.
Instem products and services address aspects of the entire drug
development value chain, from discovery through to market launch.
Management estimate that over 50% of all drugs on the market have
been through some part of Instem's platform at some stage of their
development.
To learn more about Instem solutions and its mission, please visit www.instem.com
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END
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