REG - Sareum Holdings PLC - Exercise of Warrants

Sareum HoldingsAnnouncement

07/05/2024 14:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240507:nRSG4684Na&default-theme=true

RNS Number : 4684N  Sareum Holdings PLC  07 May 2024

Sareum Holdings plc

("Sareum" or the "Company")

 

Exercise of Warrants

 

Cambridge, UK, 7 May 2024 - Sareum Holdings plc (AIM: SAR), a clinical-stage
biotechnology company developing next-generation kinase inhibitors for
autoimmune disease and cancer, announces that it has received an exercise of
warrants notice from RiverFort Global Opportunities PCC Ltd ("RiverFort") to
subscribe for a total of 1,106,986 new ordinary shares in the capital of the
Company (the "New Ordinary Shares") at a price of 10 pence per New Ordinary
Share for a total consideration to the Company of £110,698.60.

 

As announced on 3 August 2023, the warrants were issued in connection with the
Equity Prepayment Facility (the "RiverFort Facility") provided by RiverFort to
the Company. Following this exercise of warrants, RiverFort hold zero warrants
over shares in the Company.

 

As noted in Sareum's announcement of 23 April 2024, the Company has settled
the full outstanding balance of, and does not intend to make any further
withdrawals pursuant to, the RiverFort Facility.

 

Admission and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission
of the 1,106,986 New Ordinary Shares to trading on AIM ("Admission"). It is
expected that Admission will occur at 8.00 a.m. (London time) on or around
Monday 13 May 2024. The New Ordinary Shares will rank pari passu with the
existing ordinary shares.

Immediately following Admission, the total number of ordinary shares in issue
will be 107,945,783 and the total number of voting rights will therefore be
107,945,783, and this figure 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 share capital
of the Company under the FCA's Disclosure and Transparency Rules.

 

For Further Information:

 

 Sareum Holdings plc                              01223 497700

 Tim Mitchell, CEO                                ir@sareum.co.uk

 Strand Hanson Limited (Nominated Adviser)        020 7409 3494

 James Dance / James Bellman

 Peel Hunt LLP (Joint Corporate Broker)           020 7418 8900
 James Steel / Patrick Birkholm

 Hybridan LLP (Joint Corporate Broker)            020 3764 2341

 Claire Noyce

 ICR Consilium (Financial PR)                     0203 709 5700

 Jessica Hodgson / Davide Salvi / Kumail Waljee

 

 

About Sareum

 

Sareum Holdings (AIM:SAR) is a clinical-stage biotechnology company developing
next generation kinase inhibitors for autoimmune disease and cancer.

 

The Company is focused on developing next generation small molecules which
modify the activity of the JAK kinase family and have best-in-class potential.
Its lead candidate, SDC-1801, simultaneously inhibits TYK2 and JAK1. SDC-1801
is a potential treatment for a range of autoimmune diseases and has entered
Phase 1a/b clinical development with an initial focus on psoriasis.

 

Sareum is also developing SDC-1802, a TYK2/JAK1 inhibitor with a potential
application for cancer immunotherapy.

 

Sareum Holdings plc is based in Cambridge, UK, and is listed on the AIM market
of the London Stock Exchange, trading under the ticker SAR. For further
information, please visit the Company's website at www.sareum.com
(http://www.sareum.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEEADSXEEPLEFA